GMAT Quantitative Reasoning Practice Test 5

Question : 32 of 100

Marks: +1, -0

Yesterday, a certain picture was sale priced at 40% less than its list price. Kaylee bought the picture yesterday and used a coupon that allowed her to pay 20% less than the sale price. If Kaylee paid

\$240.00

, excluding tax, for the picture, whatwas the list price of the picture

$\$ 259.20$
$\$ 355.20$
$\$ 384.00$
$\$ 400.00$
$\$ 500.00$

Validate

Solution:

\$ 240=80 \%

of sales price. Sales price

240 {/} 80 \%=300

.
Sales price is

60 \%

of list price. List price is

300 {/} 60 \%=500

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