A store initially sells a jacket for $120. During a sale, the price is reduced by 25%. After the sale, the store increases the discounted price by 20%. What is the final price of the jacket?

A $108

B $114

C $120

D $125

✓ Correct Answer: Option A

Initial price is $120. A 25% reduction means 120 * (1 - 0.25) = 120 * 0.75 = $90. Increasing the discounted price by 20% means 90 * (1 + 0.20) = 90 * 1.20 = $108.

💡 Why is A) the correct answer?

The correct answer to the question "A store initially sells a jacket for $120. During a sale, the price is reduced by 25%. After the sale, the store increases the discounted price by 20%. What is the final price of the jacket?" is Option A: $108.

The other options — B) $114, C) $120, D) $125 — are incorrect for this GRE Exam Prep question. As explained above: Initial price is $120. A 25% reduction means 120 * (1 - 0.25) = 120 * 0.75 = $90. Increasing the discounted price by 20% means 90 * (1 + 0.20) = 90 * 1.20 = $108.

📚 About This GRE Exam Prep Practice Question

This 3-level GRE Exam Prep question from the Quantitative Reasoning topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free GRE Exam Prep practice test or use flashcards for spaced repetition review.

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A store initially sells a jacket for $120. During a sale, the price is reduced by 25%. After the sale, the store increases the discounted price by 20%. What is the final price of the jacket?

✓ Correct Answer: Option A

📚 About This GRE Exam Prep Practice Question

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