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Alex bought a smartwatch at \(\$200\) from his friend and sold it to another friend at a certain price. What is his actual profit percentage?
1. Alex gave a discount of \(25\%\) while selling the watch.
2. Alex made a profit of \(33.3\%,\) when calculated on the selling price.
Options
A) Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B) Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C) BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
D) EACH statement ALONE is sufficient.
E) Statements (1) and (2) TOGETHER are NOT sufficient.
Answer: B
Source: e-GMAT
1. Alex gave a discount of \(25\%\) while selling the watch.
2. Alex made a profit of \(33.3\%,\) when calculated on the selling price.
Options
A) Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B) Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C) BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
D) EACH statement ALONE is sufficient.
E) Statements (1) and (2) TOGETHER are NOT sufficient.
Answer: B
Source: e-GMAT
