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A car manufacturer produced a car at a cost of d dollars and

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A car manufacturer produced a car at a cost of d dollars and [#permalink] New post 17 Feb 2017, 06:43
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Question Stats:

72% (00:37) correct 27% (00:00) wrong based on 22 sessions


A car manufacturer produced a car at a cost of d dollars and sold it to a dealer at a price 20 percent higher than the production cost. If the dealer sold the car to a consumer for 15 percent more than the dealer paid for it, what did the car cost the consumer, in dollars?

A) 1.05d

B) 1.23d

C) 1.30d

D) 1.35d

E) 1.38d
[Reveal] Spoiler: OA

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Re: A car manufacturer produced a car at a cost of d dollars and [#permalink] New post 27 Feb 2017, 05:37
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Explanation

Let us assume that the car was manufactured for $100.

Price it was sold to dealer (@20% higher)= \($100 + $100 \times \frac{20}{100}\) = $120.

Now dealer sells it @ 15% higher = \($120 + $120 \times \frac{15}{100}\) = $138.

We can see by putting d = 100. option E is correct.
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Re: A car manufacturer produced a car at a cost of d dollars and   [#permalink] 27 Feb 2017, 05:37
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