Stores L and M each sell a certain product at a
different regular price. If both stores discount their
regular price of the product, is the discount price at
Store M less than the discount price at Store L ?
(1) At Store L the discount price is 10 percent less
than the regular price; at Store M the discount
price is 15 percent less than the regular price.
(2) At Store L the discount price is $5 less than the
regular store price; at Store M the discount
price is $6 less than the regular price.
Stores L and M each sell a certain product
This topic has expert replies
-
- Junior | Next Rank: 30 Posts
- Posts: 16
- Joined: Thu Nov 05, 2015 5:53 am
- GMATGuruNY
- GMAT Instructor
- Posts: 15539
- Joined: Tue May 25, 2010 12:04 pm
- Location: New York, NY
- Thanked: 13060 times
- Followed by:1906 members
- GMAT Score:790
Timer
00:00
Your Answer
A
B
C
D
E
Global Stats
Check my post here:
https://www.beatthegmat.com/official-gui ... 73412.html
https://www.beatthegmat.com/official-gui ... 73412.html
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.
As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.
For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.
As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.
For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
GMAT/MBA Expert
- Jay@ManhattanReview
- GMAT Instructor
- Posts: 3008
- Joined: Mon Aug 22, 2016 6:19 am
- Location: Grand Central / New York
- Thanked: 470 times
- Followed by:34 members
Timer
00:00
Your Answer
A
B
C
D
E
Global Stats
Hi vikkimba17,vikkimba17 wrote:Stores L and M each sell a certain product at a
different regular price. If both stores discount their
regular price of the product, is the discount price at
Store M less than the discount price at Store L ?
(1) At Store L the discount price is 10 percent less
than the regular price; at Store M the discount
price is 15 percent less than the regular price.
(2) At Store L the discount price is $5 less than the
regular store price; at Store M the discount
price is $6 less than the regular price.
We need to compare the discounted prices at stores L and M.
Let's take each statement one by one.
S1: At Store L the discount price is 10 percent less than the regular price; at Store M the discount price is 15 percent less than the regular price.
Say the regular price at store L = $x and the regular price at store M = $y
The discounted price at store L = $90% of x = 0.9x
The discounted price at store M = $85% of y = 0.85y
Since we do not have the value of x and y, we cannot compare. 0.9x can be equal to, less than, or more than 0.85y. Not sufficient.
S2: At Store L the discount price is $5 less than the regular store price; at Store M the discount price is $6 less than the regular price.
Discounted price at store L = x - 5
Discounted price at store M = y - 6
We do not have the values of x and y to compare.
S1 and S2:
From S1 and S2, we get
0.90x = x - 5 => x = 50 => Discounted price at store L = $45
0.85y = y - 6 => y = 40 => Discounted price at store M = $42
So, the discounted price at store M = $42 is less than the discounted price at store L = $45. The answer is YES. A unique answer.
The correct answer: C
Hope this helps!
Relevant book: Manhattan Review GMAT Data Sufficiency Guide
-Jay
_________________
Manhattan Review GMAT Prep
Locations: New York | Barcelona | Manila | Melbourne | and many more...
Schedule your free consultation with an experienced GMAT Prep Advisor! Click here.
GMAT/MBA Expert
- Brent@GMATPrepNow
- GMAT Instructor
- Posts: 16207
- Joined: Mon Dec 08, 2008 6:26 pm
- Location: Vancouver, BC
- Thanked: 5254 times
- Followed by:1268 members
- GMAT Score:770
Timer
00:00
Your Answer
A
B
C
D
E
Global Stats
Target question: Is the DISCOUNT price at Store M less than the DISCOUNT price at Store L ?vikkimba17 wrote:Stores L and M each sell a certain product at a different regular price. If both stores discount their regular price of the product, is the discount price at Store M less than the discount price at Store L ?
(1) At Store L the discount price is 10 percent less than the regular price; at Store M the discount price is 15 percent less than the regular price.
(2) At Store L the discount price is $5 less than the regular store price; at Store M the discount price is $6 less than the regular price.
Statement 1: At Store L the discount price is 10 percent less than the regular price; at Store M the discount price is 15 percent less than the regular price.
We don't know the REGULAR PRICES at each store, so we can't determine the DISCOUNTED PRICES.
For example, consider these two conflicting cases:
Case a: REGULAR price at store L = $10, and REGULAR price at store M = $100. So, the DISCOUNT price at store L = $9, and the DISCOUNT price at store M = $85. In this case, the DISCOUNT price at store L is LESS THAN the DISCOUNT price at store M
Case b: REGULAR price at store L = $100, and REGULAR price at store M = $10. So, the DISCOUNT price at store L = $90, and the DISCOUNT price at store M = $8.50. In this case, the DISCOUNT price at store L is GREATER THAN the DISCOUNT price at store M
Since we cannot answer the target question with certainty, statement 1 is NOT SUFFICIENT
Statement 2: At Store L the discount price is $5 less than the regular store price; at Store M the discount price is $6 less than the regular price
Once again, since we don't know the REGULAR PRICES at each store, we can't determine the DISCOUNTED PRICES.
For example, consider these two conflicting cases:
Case a: REGULAR price at store L = $7, and REGULAR price at store M = $10. So, the DISCOUNT price at store L = $2, and the DISCOUNT price at store M = $4. In this case, the DISCOUNT price at store L is LESS THAN the DISCOUNT price at store M
Case b: REGULAR price at store L = $100, and REGULAR price at store M = $10. So, the DISCOUNT price at store L = $95, and the DISCOUNT price at store M = $4. In this case, the DISCOUNT price at store L is GREATER THAN the DISCOUNT price at store M
Since we cannot answer the target question with certainty, statement 2 is NOT SUFFICIENT
Statements 1 and 2 combined
At this point, we should recognize that we can use both statements to determine the regular prices at each store, which means we also can determine the discount prices at each store. So, we can answer the target question with certainty (without actually performing the calculation)
Answer: C
ASIDE: for "fun" let's actually perform the necessary calculations.
Combining the statement, we know that, at store L, a 10% discount is equal to $5
In other words, 10% of the regular price = $5
Or, we can write: (0.1)(regular price) = $5
So, the regular price = $50, which means the DISCOUNT price at store L = $45
Likewise, at store M, a 15% discount is equal to $6
In other words, 15% of the regular price = $6
Or, we can write: (0.15)(regular price) = $6
So, the regular price = $40, which means the DISCOUNT price at store M = $34
At this point, we can see that the DISCOUNT price at store L is GREATER THAN the DISCOUNT price at store M
Since we can answer the target question with certainty, the combined statements are SUFFICIENT
Answer: C
Cheers,
Brent
GMAT/MBA Expert
- Scott@TargetTestPrep
- GMAT Instructor
- Posts: 7243
- Joined: Sat Apr 25, 2015 10:56 am
- Location: Los Angeles, CA
- Thanked: 43 times
- Followed by:29 members
Timer
00:00
Your Answer
A
B
C
D
E
Global Stats
We are given that Stores L and M sell a certain product at different regular prices. We are also given that both stores discount the regular price of the product. We must determine whether the discount price at Store M is less than the discount price at Store L.vikkimba17 wrote:Stores L and M each sell a certain product at a
different regular price. If both stores discount their
regular price of the product, is the discount price at
Store M less than the discount price at Store L ?
(1) At Store L the discount price is 10 percent less
than the regular price; at Store M the discount
price is 15 percent less than the regular price.
(2) At Store L the discount price is $5 less than the
regular store price; at Store M the discount
price is $6 less than the regular price.
Statement One Alone:
At Store L the discount price is 10 percent less than the regular price; at Store M the discount price is 15 percent less than the regular price.
Even though we know the percentage discount at each store, without actually knowing the regular price of the product at each store, we can't determine the discount price of the product in each store. Thus, we can't compare their discount prices. Statement one alone is not sufficient to answer the question.
Statement Two Alone:
At Store L the discount price is $5 less than the regular store price; at Store M the discount price is $6 less than the regular price.
Even though we know the amount of discount at each store, without actually knowing the regular price of the product at each store, we still can't determine the discount price of the product in each store. Thus, we can't compare their discount prices. Statement two alone is not sufficient to answer the question.
Statements One and Two Together:
From statements one and two we have the following information:
a) At Store L the percent discount is 10% and the amount of discount is $5.
b) At Store M the percent discount is 15% and the amount of discount is $6.
If we let p = the regular price of the product at Store L and q = the regular price of the product at Store
M,then:
a) 0.10p = 5
b) 0.15q = 6
Thus, p = 5/0.10 = $50 and q = 6/0.15 = $40.
Furthermore, the discount price of the product at Store L is 50 - 5 = $45 and the discount price of the same product at Store M is 40 - 6 = $34. Thus, we know that the discount price at Store M is less than the discount price at Store L.
Answer: C
Scott Woodbury-Stewart
Founder and CEO
[email protected]
See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews