Confusing DS
This topic has expert replies
- 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
Let the cabinets be X, Y and Z, in ascending order of COST.
Statement 1:
Let X be the cabinet sold at a loss, implying that X has the LOWEST selling price.
If Z cost 1000% more than Y, it could have the HIGHEST selling price sold AT A LOSS (in which case none of the cabinets would yield a profit greater than 10%) or sold AT A HUGE PROFIT (in which case Z would yield a profit greater than 10%).
INSUFFICIENT.
Statement 2:
Z has the LOWEST selling price.
Since Y has the MEDIAN selling price, X must have the HIGHEST selling price.
Since Y sold at a 10% profit yields the MEDIAN selling price, if X -- which cost less than Y -- is sold at a 10% profit, it will have a LOWER selling price than Y.
Thus, in order for X to have the HIGHEST selling price, it must be sold at a profit GREATER than 10%.
SUFFICIENT.
The correct answer is B.
Statement 1:
Let X be the cabinet sold at a loss, implying that X has the LOWEST selling price.
If Z cost 1000% more than Y, it could have the HIGHEST selling price sold AT A LOSS (in which case none of the cabinets would yield a profit greater than 10%) or sold AT A HUGE PROFIT (in which case Z would yield a profit greater than 10%).
INSUFFICIENT.
Statement 2:
Z has the LOWEST selling price.
Since Y has the MEDIAN selling price, X must have the HIGHEST selling price.
Since Y sold at a 10% profit yields the MEDIAN selling price, if X -- which cost less than Y -- is sold at a 10% profit, it will have a LOWER selling price than Y.
Thus, in order for X to have the HIGHEST selling price, it must be sold at a profit GREATER than 10%.
SUFFICIENT.
The correct answer is B.
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
-
- Master | Next Rank: 500 Posts
- Posts: 382
- Joined: Thu Mar 31, 2011 5:47 pm
- Thanked: 15 times
Let C1=50, c2=60, c3=70 and C2 is the median
S2=66 and Median
Statement 1:
S1=49 s3=71,72,77..etc
INSUFFICIENT
Statement 2:
S3 becomes lowest Let it be 65. so C1 ' S1 need to be greater than S2. Let's take min=67=s1
Increase=34%
S2=66 and Median
Statement 1:
S1=49 s3=71,72,77..etc
INSUFFICIENT
Statement 2:
S3 becomes lowest Let it be 65. so C1 ' S1 need to be greater than S2. Let's take min=67=s1
Increase=34%
- [email protected]
- Legendary Member
- Posts: 934
- Joined: Tue Nov 09, 2010 5:16 am
- Location: AAMCHI MUMBAI LOCAL
- Thanked: 63 times
- Followed by:14 members
Let the three cabinets be M1 , M2 and M3...
We do not know which cabinet belongs to which cost and price...
let us arrange the cost and the price in the ascending order respectively...
Costs: A B C
90 100 110
Price: P Q R
100 110 120
If we assume any values in place of the above values we come to a conclusion that there is no need to have statement 1 as even without statement 1 we are having a profit of more than 10% in the third cabinet...
This was an important question...
There are questions where even after getting the answer you have to back solve as to know which statement was the most important in knowing that answer...
Hope this helped!!!
We do not know which cabinet belongs to which cost and price...
let us arrange the cost and the price in the ascending order respectively...
Costs: A B C
90 100 110
Price: P Q R
100 110 120
If we assume any values in place of the above values we come to a conclusion that there is no need to have statement 1 as even without statement 1 we are having a profit of more than 10% in the third cabinet...
This was an important question...
There are questions where even after getting the answer you have to back solve as to know which statement was the most important in knowing that answer...
Hope this helped!!!
IT IS TIME TO BEAT THE GMAT
LEARNING, APPLICATION AND TIMING IS THE FACT OF GMAT AND LIFE AS WELL... KEEP PLAYING!!!
Whenever you feel that my post really helped you to learn something new, please press on the 'THANK' button.
LEARNING, APPLICATION AND TIMING IS THE FACT OF GMAT AND LIFE AS WELL... KEEP PLAYING!!!
Whenever you feel that my post really helped you to learn something new, please press on the 'THANK' button.