Step 1: Calculate the retail sale price (original price + 60% of the original price): Retail Price = Wholesale Price + 0.60 * Wholesale Price Retail Price = P + 0.60P Retail Price = 1.60P Step 2: Calculate the sale price (75% of the retail price, after a 25% reduction): Sale Price = 0.75 * Retail Price Sale Price = 0.75 * 1.60P Sale Price = 1.20P
GRE requires you to be quick so you just do 160 * 3/4 or (160/4) * 3 and place the decimal point.
Step 1: Calculate the retail sale price (original price + 60% of the original price):
Retail Price = Wholesale Price + 0.60 * Wholesale Price
Retail Price = P + 0.60P
Retail Price = 1.60P
Step 2: Calculate the sale price (75% of the retail price, after a 25% reduction):
Sale Price = 0.75 * Retail Price
Sale Price = 0.75 * 1.60P
Sale Price = 1.20P
50