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by magical cook » Wed Nov 28, 2007 10:16 am
What was the price at which a merchant sold a certain appliance?
(1) The merchant’s gross profit on the appliance was 20 percent of the price at
which the merchant sold the appliance.
(2) The price at which the merchant sold the appliance was $50 more than the
merchant’s cost of the appliance.


Hi, Can anyone help pls? - OA will follow..... thanks!
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Source: — Data Sufficiency |
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by Suyog » Wed Nov 28, 2007 11:43 am
1. Gross profit = 20% selling price INSUFF
2. Selling price = Cost + $50 INSUFF
Both together INSUFF

Ans E
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by magical cook » Wed Nov 28, 2007 11:45 am
that's what I thought too but seems wrong....
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by ri2007 » Wed Nov 28, 2007 12:46 pm
my ans was C

SP = P + Purchase Price (PP)

Combined we have

SP = X
Profit = 50 = 0.2X

So SP = 250

pls confirm
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by magical cook » Wed Nov 28, 2007 2:35 pm
Yes C is correct. I got it, thanks.
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