GMAT Problem Solving

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Source: Manhattan

Level: 3

A distributor sells a product through an on-line store, which takes a commission of 20 percent off the price set by the distributor. The distributor obtains the product from a producer at the price of 15 dollars per item. What is the price that a buyer observes on-line if the distributor wants to maintain a 20 percent profit on the cost of the item?

  • A 18
  • B 18.5
  • C 22
  • D 22.5
  • E 27

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