GMAT Quantitative Reasoning Practice Test 1

Question : 11 of 100

Marks: +1, -0

The original price of a car was $25,200. Because the car owner thought he could get more money for the car, he increased the price of the car to 110% of its original price. After a week, the car had not sold, so the owner then discounted the
price by 10%, and the car was finally sold. What price was the car sold for?

$\$ 25,200$
$\$ 25,000$
$\$ 24,948$
$\$ 24,542$
$\$ 23,658$

Validate

Solution:

Pay attention, when you raise a number by X% and then you reduce X% you don’t get the original number again because the second time you took X% off you reduced it from a larger number thus answer

25,200

is not the correct one
Let's check:

25,200 × 1.1=27,720

27,720 × 0.9=24,948

and not 25,200 .

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