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DS: Test 1 Problem 22. Is the answer incorrect?

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DS: Test 1 Problem 22. Is the answer incorrect?

by StarDust845 » Tue Dec 04, 2007 9:11 am
22. A jewelry dealer initially offered a bracelet for sale at an asking price that would give a profit to the dealer of 40 percent of the original cost. What was the original cost of the bracelet?
(1) After reducing this asking price by 10 percent, the jewelry dealer sold the bracelet at a profit of $403.
(2) The jewelry dealer sold the bracelet for $1,953.

I am getting an answer D which doesn't agree with the answer to this problem. What am I doing wrong?

Calista.
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Source: — Data Sufficiency |
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by gabriel » Tue Dec 04, 2007 11:57 am
Hi Calista and Tud (Sign up already :) ),

You have to be a member to give thanks for a particular post, once you become a member and log in, you would see a thanks button on the right hand corner of every post (obviously except your own post), if you like a particular post you can click on the thanks button to show your appreciation.

Regards.

PS:- I am expecting 2 thanks for this post :P
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