sat suite question viewer
A reseller buys certain books for a purchase price of dollars each and then marks them each for sale at a consumer price that is of the purchase price. After months, any remaining books not yet sold are marked at a discounted price that is off the consumer price. What is the discounted price of each of the remaining books, in dollars?
Explanation
The correct answer is . It's given that the purchase price for certain books is dollars each. It's also given that each book is marked for sale at a consumer price that is of the purchase price. Since the consumer price is of the purchase price of dollars, it follows that the consumer price is , or , dollars. It's given that after months, any remaining books are discounted at off the consumer price. Thus, the discount amount is , or , dollars. Subtracting the discount amount from the consumer price gives the discounted price of each of the remaining books: . Note that 4.05 and 81/20 are examples of ways to enter a correct answer.