ChocoLot Ice Cream claims to be 20% less expensive than the leading brand. If a gallon of ChocoLot is $1.50, how much is the leading brand?
A) $1.70
B) $1.88
C) $2.30
D) $3.00

Question

Quizplus · Accepted Answer

If ChocoLot is 20% less expensive than the leading brand, then it is 80% of the price of the leading brand. Let x be the price of the leading brand. Then we can set up the equation 0.80x = 1.50 and solve for x.

0.80x = 1.50 
x = 1.50/0.80 
x = 1.875

Rounding to two decimal places, the price of the leading brand is $1.88. Therefore, the answer is choice B.

ChocoLot Ice Cream Claims to Be 20% Less Expensive Than