medium · GMAT Quant
A wholesaler marks up the wholesale cost of an item by k percent to establish a list price. To encourage a quick sale to a retailer, the wholesaler then applies a discount of 20% to this list price.
If the final price to the retailer is 12% higher than the original wholesale cost to the wholesaler, what is the value of k?
- 45
- 28
- 40
- 32
- 50
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