coats

mals24: Legendary Member; Posts: 683; Joined: Tue Jul 22, 2008 1:58 pm; Location: Dubai; Thanked: 73 times; Followed by:2 members

by mals24 » Sun Aug 10, 2008 6:44 am

Let 'c' be the cost of each coat and 'p' be the selling price of each coat.
The question asks us to find the gross profit (gp) i.e. 20p-20c=?

St 1 if p=2p then the gp = 2400
i.e. 20(2p)-20c = 2400
there is no other information with which we can compute the values of 'p' and 'c' INSUFF

St 2 if p=p+2, gp=440
20(p+2)-20c=440
20p+4-20c=440
20p-20c=436 - - - this is what we have to find
Hence St 2 is SUFF

Ans is B

Quote

Post new topic Post Reply

• Page 1 of 1

5/5

5 Star (473 Reviews)

"Target Test Prep is the closest to the official version of the GMAT exam, about 99% accuracy in terms of the quality and quantity of information. The course has excellently created singular sets of focused lessons and tests for every possible topic that one could come across in the official GMAT exam."

"The TTP course maximizes the efficiency of the time you spend studying. It will take time and effort but I could almost guarantee that if you complete the course exactly as it is laid out you will get an amazing score. They also have a very responsive team willing to help with any questions you might have."

"TTP has two things that I think no other test prep company offers: A teaching approach that reinforces understanding and an attitude that will give you the mental preparedness needed to succeed on the test. TTP gives you a deep understanding of the concept you need to know while teaching you how to think."

Write a Review