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(2) The difference between the two greater asking prices is $85,000. Official Guide question Answer: E Need free GMAT or MBA advice from an expert? Register for Beat The GMAT now and post your question in these forums! ### GMAT/MBA Expert Scott@TargetTestPrep GMAT Instructor Joined 25 Apr 2015 Posted: 555 messages Followed by: 3 members Upvotes: 43 Top Reply Wed Jul 26, 2017 3:26 pm jjjinapinch wrote: Three houses are being sold through a real estate agent. What is the asking price for the house with the second-largest asking price? (1) The difference between the greatest and the least asking price is$130,000.
(2) The difference between the two greater asking prices is $85,000. We can let a = the lowest asking price, b = the second-largest asking price, and c = the largest asking price. We need to determine b. Statement One Alone: The difference between the greatest and the least asking price is$130,000.

Thus, c - a = 130,000; however, we cannot determine b. Statement one alone is not sufficient to answer the question.

Statement Two Alone:

The difference between the two greater asking prices is $85,000. Thus c - b = 85,000. However, without knowing the value of c, statement two alone is not sufficient to answer the question. Statements One and Two Together: We have: c - a = 130,000 and c - b = 85,000 Even with these two equations, we still cannot determine b. Answer: E _________________ Scott Woodbury Stewart Founder & CEO GMAT Quant Self-Study Course - 500+ lessons 3000+ practice problems 800+ HD solutions 5-Day Free Trial 5-DAY FREE, FULL-ACCESS TRIAL TTP QUANT ### GMAT/MBA Expert Rich.C@EMPOWERgmat.com Elite Legendary Member Joined 23 Jun 2013 Posted: 8955 messages Followed by: 468 members Upvotes: 2867 GMAT Score: 800 Top Reply Tue Jul 25, 2017 6:17 pm Hi jjjinapinch, We're told that three houses are being sold. We're asked for the price with the second-largest asking price. This DS question can be solved by TESTing VALUES. 1) The difference between the greatest and the least asking price is$130,000.

IF....
The largest price = $200,000 Then the least price =$70,000
Then the 2nd-largest price could be ANY value between those two.
Fact 1 is INSUFFICIENT

2) The difference between the two greater asking prices is $85,000. IF.... The largest price =$200,000
Then the 2nd-largest price = $115,000 IF.... The largest price =$210,000
Then the 2nd-largest price = $125,000 Fact 2 is INSUFFICIENT Combined, we have an unlimited number of possible outcomes, including two that we've already noted above (with the least price included): IF.... The largest price =$200,000
Then the 2nd-largest price = $115,000 Then the least price =$70,000

IF....
The largest price = $210,000 Then the 2nd-largest price =$125,000
Then the least price = $80,000 Combined, INSUFFICIENT Final Answer: E GMAT assassins aren't born, they're made, Rich _________________ Contact Rich at Rich.C@empowergmat.com ### GMAT/MBA Expert Scott@TargetTestPrep GMAT Instructor Joined 25 Apr 2015 Posted: 555 messages Followed by: 3 members Upvotes: 43 Wed Jul 26, 2017 3:26 pm jjjinapinch wrote: Three houses are being sold through a real estate agent. What is the asking price for the house with the second-largest asking price? (1) The difference between the greatest and the least asking price is$130,000.
(2) The difference between the two greater asking prices is $85,000. We can let a = the lowest asking price, b = the second-largest asking price, and c = the largest asking price. We need to determine b. Statement One Alone: The difference between the greatest and the least asking price is$130,000.

Thus, c - a = 130,000; however, we cannot determine b. Statement one alone is not sufficient to answer the question.

Statement Two Alone:

The difference between the two greater asking prices is \$85,000.

Thus c - b = 85,000. However, without knowing the value of c, statement two alone is not sufficient to answer the question.

Statements One and Two Together:

We have:

c - a = 130,000

and

c - b = 85,000

Even with these two equations, we still cannot determine b.

_________________

Scott Woodbury Stewart Founder & CEO
GMAT Quant Self-Study Course - 500+ lessons 3000+ practice problems 800+ HD solutions
5-Day Free Trial 5-DAY FREE, FULL-ACCESS TRIAL TTP QUANT

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