1983 AHSME Problems/Problem 7

Revision as of 13:18, 27 June 2018 by Skyraptor79 (talk | contribs) (Created page with "== Problem== Alice sells an item at \$<math>10</math> less than the list price and receives <math>10\%</math> of her selling price as her commission. Bob sells the same item...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Problem

Alice sells an item at $$10$ less than the list price and receives $10\%$ of her selling price as her commission. Bob sells the same item at $$20$ less than the list price and receives $20\%$ of his selling price as his commission. If they both get the same commission, then the list price in dollars is

$\textbf{(A) } 20\qquad \textbf{(B) } 30\qquad \textbf{(C) } 50\qquad \textbf{(D) } 70\qquad \textbf{(E) } 100$

Solution

If $x$ is the list price, then $10\%(x-10)=20\%(x-20)$. Solving this, you get $x=30$. So the answer is $\boxed{\textbf{(B) }30}$