2003 AMC 8 Problems/Problem 11

Problem

Business is a little slow at Lou's Fine Shoes, so Lou decides to have a sale. On Friday, Lou increases all of Thursday's prices by $10$ % percent %. Over the weekend, Lou advertises the sale: Ten percent off the listed price. Sale starts Monday." How much does a pair of shoes cost on Monday that cost $40$ dollars on Thursday?

$\textbf{(A)}\ 36\qquad\textbf{(B)}\ 39.60\qquad\textbf{(C)}\ 40\qquad\textbf{(D)}\ 40.40\qquad\textbf{(E)}\ 44$

Solution

On Friday, the shoes would cost $40 \cdot 1.1= 44$ dollars. Then on Monday, the shoes would cost $44- \frac{44}{10}=44-4.4=\boxed{\textbf{(B)}\ 39.60}$ .

2003 AMC 8 (Problems • Answer Key • Resources)
Preceded by Problem 10	Followed by Problem 12
1 • 2 • 3 • 4 • 5 • 6 • 7 • 8 • 9 • 10 • 11 • 12 • 13 • 14 • 15 • 16 • 17 • 18 • 19 • 20 • 21 • 22 • 23 • 24 • 25
All AJHSME/AMC 8 Problems and Solutions

The problems on this page are copyrighted by the Mathematical Association of America's American Mathematics Competitions.

Page

Toolbox

Search

2003 AMC 8 Problems/Problem 11

Problem

Solution

See Also