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

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