During a sale, a certain item is sold at a price 40% below its usual selling price. If the dollar savings on the item is $12, then what is its sale price?

Correct answer marked below

$30

$24

$18

Correct

$15

$$6

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Explanation

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Official Explanation

Official

The savings of $12 represents 40% of the usual price.

Let the usual price be

x

.

Then,

0.4x = 12

.

Solving:

x = \frac{12}{0.4} = 30

.…

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What this question tests

Your ability to apply GMAT math concepts to solve a multi-step problem quickly and accurately. At the 705-805 level, accuracy and speed both matter.

Overcomplicating the setup — most GMAT problems reward a direct, organized approach over brute calculation.