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ayushiiitm
- Master | Next Rank: 500 Posts
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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.
Q1. I took 100 as CP, 140 as SP, Price after discounting as 126 and solved by equating that
26is equivalent to 403, hence 100 is equivalent to.....
I want to know if this approach is correct. If not, what is the right way?
Q2. On the same lines, I approached the second stem
140 is equivalent to 1953, hence 100 is equivalent to....
Hence according to me ans should be D
OA will follow soon
(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.
Q1. I took 100 as CP, 140 as SP, Price after discounting as 126 and solved by equating that
26is equivalent to 403, hence 100 is equivalent to.....
I want to know if this approach is correct. If not, what is the right way?
Q2. On the same lines, I approached the second stem
140 is equivalent to 1953, hence 100 is equivalent to....
Hence according to me ans should be D
OA will follow soon
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