The regular price of a shirt at a store is $11.70. The sale price of the shirt is 80% less...
GMAT Problem-Solving and Data Analysis : (PS_DA) Questions
The regular price of a shirt at a store is \(\$11.70\). The sale price of the shirt is \(80\%\) less than the regular price, and the sale price is \(30\%\) greater than the store's cost for the shirt. What was the store's cost, in dollars, for the shirt? (Disregard the $ sign when entering your answer. For example, if your answer is \(\$4.97\), enter 4.97)
1. TRANSLATE the problem information
- Given information:
- Regular price = $11.70
- Sale price is 80% less than regular price
- Sale price is 30% greater than store's cost
- Need to find: store's cost
- What this tells us: We need to work through the sale price to connect regular price and cost
2. INFER the solution approach
- Key insight: The sale price is the connecting link between regular price and cost
- Strategy: Find sale price first, then use it to find cost
- This is a two-step process where each percentage relationship gives us one equation
3. TRANSLATE and calculate the sale price
- "80% less than regular price" means:
\(\mathrm{Sale\,price = Regular\,price - 80\%\,of\,regular\,price}\)
\(\mathrm{Sale\,price = \$11.70 - 0.80 \times \$11.70}\)
\(\mathrm{Sale\,price = \$11.70 - \$9.36 = \$2.34}\)
4. TRANSLATE the cost relationship and SIMPLIFY
- "Sale price is 30% greater than store's cost" means:
\(\mathrm{Sale\,price = Store's\,cost + 30\%\,of\,store's\,cost}\)
\(\mathrm{\$2.34 = Cost + 0.30 \times Cost}\)
\(\mathrm{\$2.34 = 1.30 \times Cost}\)
5. SIMPLIFY to find the final answer
- Solve for cost:
\(\mathrm{Cost = \$2.34 \div 1.30 = \$1.80}\) (use calculator)
Answer: 1.80
Why Students Usually Falter on This Problem
Most Common Error Path:
Weak TRANSLATE skill: Misunderstanding "80% less than"
Students often think "80% less than $11.70" means "80% of $11.70" = $9.36, rather than "$11.70 - 80% of $11.70" = $2.34. This fundamental translation error means they use $9.36 as the sale price instead of $2.34, leading to a completely incorrect cost calculation of approximately $7.38. This leads to confusion and guessing since this value won't match any reasonable answer format.
Second Most Common Error:
Poor INFER reasoning: Trying to set up one equation instead of recognizing the two-step process
Some students attempt to directly relate regular price to cost without finding the sale price first. They might try something like \(\mathrm{Cost = \$11.70 \div 1.30 \div 0.20}\) which creates a meaningless calculation. This causes them to get stuck and randomly select an answer.
The Bottom Line:
This problem tests your ability to carefully translate percentage language into math and recognize when you need intermediate steps. The sale price isn't just a detail—it's the crucial bridge between the given information and what you need to find.