2023 AMC 10B Problem 2

Attempt Problem 2 of the 2023 AMC 10B below, then check your answer against the professionally curated solution from LIVE by Po-Shen Loh. You can also try the full timed exam, view all 2023 AMC 10B solutions, or check the answer key.

All problems are used with official legal permission of the Mathematical Association of America (MAA).

2.

Carlos went to a sports store to buy running shoes. Running shoes were on sale, with prices reduced by 20%20\% on every pair of shoes. Carlos also knew that he had to pay a 7.5%7.5\% sales tax on the discounted price. He had 4343 dollars. What is the original (before discount) price of the most expensive shoes he could afford to buy?
$46\$46
$50\$50
$48\$48
$47\$47
$49\$49
Answer: B
Concepts:percentageinequality
Small hint:
A 20%20\% discount multiplies the price by 0.8;0.8; a 7.5%7.5\% tax multiplies by 1.0751.075
Big hint:
Set the final cost 0.8×1.075×P0.8 \times 1.075 \times P equal to 4343 and solve for PP
Solution:
Let PP be the original price. After the discount and tax, Carlos pays 0.8P×1.075=0.86P.0.8P \times 1.075 = 0.86P. He can afford it when 0.86P≤43,0.86P \le 43, which means P≤50.P \le 50. So the priciest shoes he can swing start at $50.\$50. Therefore, the answer is B.
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