medium · GMAT Quant

A bicycle is marked up 40% over its wholesale cost. During clearance it is discounted 25% from the marked-up price. An employee then applies a further 10% discount on the clearance price and pays $945.

What was the original wholesale cost?

  1. $850
  2. $945
  3. $900
  4. $1,000
  5. $1,050

Sign up free to see the explanation and track your rank →

More GMAT Quant practice

KomFi Academy — Stop doomscrolling. Get KomFi.

Build your intelligence, anytime, anywhere.

KomFi Academy is a curated training platform with 54,000+ practice questions, 20,000+ flashcards, on-demand video lectures, podcasts, and 4K slide decks across the topics serious professionals study: GMAT, LSAT, MCAT, Investment Banking, Private Equity (LBOs & PE math), Private Credit, Quantitative Finance, Financial Accounting, Asset- Backed Securities, Volume Profile Analysis, Order Flow Trading, Market Microstructure, Volume Spread Analysis, Elliott Wave Theory, Volume-Price Analysis, and Public Offering Frameworks.

What's inside

Topics

View pricing · Read testimonials