hard · GMAT Quant
A retail manager marks up the wholesale cost of a luxury watch by 30 percent to establish the initial list price. During a seasonal clearance, the list price is reduced by 20 percent.
If the watch sells at the clearance price for $2,080, what was the original wholesale cost of the watch?
- $2,000
- $1,900
- $2,163
- $1,600
- $2,080
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