| View previous topic :: View next topic |
| Author |
Message |
bww
Rising GMAT Star
Joined: 29 Apr 2007
Posts: 55
Thanks given: 0
Thanked 0 times in 0 posts
Location: MA
|
 Posted: Sat May 12, 2007 5:27 pm Post subject: DS question |
 |
|
22. A jewelry dealer initially offered a bracelet for sale at an asking price that would give a profit to the dealer of 40 percent of the original cost. What was the original cost of the bracelet?
(1) After reducing this asking price by 10 percent, the jewelry dealer sold the bracelet at a profit of $403.
(2) The jewelry dealer sold the bracelet for $1,953.
Answer key says A. I thought it was D.
Let n=original selling price
1) 1.4n-.10(1.4n)=403+n sufficient
2) 1953=1.4n sufficient
Is it A b/c the question implies the dealer didn't sell the bracelet for what he initially asked (hence the use of word "initially" in the question)???
Thx |
|
| Back to top |
|
 |
|
|
jayhawk2001
Moderator
Joined: 28 Jan 2007
Posts: 789
Thanks given: 0
Thanked 11 times in 11 posts
Location: Silicon valley, California
|
| Posted: Sun May 13, 2007 12:06 am Post subject: Re: DS question |
|
|
| bww wrote: | 22. A jewelry dealer initially offered a bracelet for sale at an asking price that would give a profit to the dealer of 40 percent of the original cost. What was the original cost of the bracelet?
(1) After reducing this asking price by 10 percent, the jewelry dealer sold the bracelet at a profit of $403.
(2) The jewelry dealer sold the bracelet for $1,953.
Answer key says A. I thought it was D.
Let n=original selling price
1) 1.4n-.10(1.4n)=403+n sufficient
2) 1953=1.4n sufficient
Is it A b/c the question implies the dealer didn't sell the bracelet for what he initially asked (hence the use of word "initially" in the question)???
Thx |
Yeah, the only reason why B is insufficient is if the price at which the
bracelet was "sold" was not the same as the "asking" price.
Its rather odd that they would test something like this in a quants
question. |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
|
"GMAT" and other GMAC™ trademarks are registered trademarks of the Graduate Management Admission Council™. The Graduate Management Admission Council™ does not endorse, nor is it affiliated in any way with the owner or any content on this website. The opinions expressed here are solely those of the author or those of the members of this website. Copyright © 2008 BTG Test Prep, LLC. Powered by phpBB © 2001, 2005 phpBB Group.
|
|
