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.
Answer key says A. I thought it was D.
Let n=original selling price
1) 1.4n-.10(1.4n)=403+n sufficient
2) 1953=1.4n sufficient
Is it A b/c the question implies the dealer didn't sell the bracelet for what he initially asked (hence the use of word "initially" in the question)???
Thx
(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.
Answer key says A. I thought it was D.
Let n=original selling price
1) 1.4n-.10(1.4n)=403+n sufficient
2) 1953=1.4n sufficient
Is it A b/c the question implies the dealer didn't sell the bracelet for what he initially asked (hence the use of word "initially" in the question)???
Thx
