BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

What is the retail price of a certain calculator?

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
Legendary Member
Posts: 1223
Joined: Sat Feb 15, 2020 2:23 pm
Followed by:1 members

What is the retail price of a certain calculator?

by BTGModeratorVI » Sat Aug 08, 2020 7:10 am

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

What is the retail price of a certain calculator?

(1) The retail price of the calculator is $2.00 more than the wholesale price.
(2) The retail price of the calculator is 50 percent more than the $4.00 wholesale price.

Answer: B
Source: Manhattan prep
Top
Source: — Data Sufficiency |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16207
Joined: Mon Dec 08, 2008 6:26 pm
Location: Vancouver, BC
Thanked: 5254 times
Followed by:1268 members
GMAT Score:770

Re: What is the retail price of a certain calculator?

by Brent@GMATPrepNow » Tue Aug 11, 2020 6:03 am

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

BTGModeratorVI wrote: ↑
Sat Aug 08, 2020 7:10 am
 What is the retail price of a certain calculator?

(1) The retail price of the calculator is $2.00 more than the wholesale price.
(2) The retail price of the calculator is 50 percent more than the $4.00 wholesale price.

Answer: B
Source: Manhattan prep
Target question: What is the retail price of a certain calculator?

Statement 1: The retail price of the calculator is $2.00 more than the wholesale price.
There are several scenarios that satisfy statement 1. Here are two:
Case a: the wholesale price is $1, and the retail price is $3. This satisfies the condition in statement 1. In this case, the retail price is $3
Case b: the wholesale price is $2, and the retail price is $4. This also satisfies the condition in statement 1. In this case, the retail price is $4
Since we cannot answer the target question with certainty, statement 1 is NOT SUFFICIENT

Statement 2: The retail price of the calculator is 50 percent more than the $4.00 wholesale price
50% of $4.00 is $2.00
So, the retail price of the calculator = $4.00 + $2.00 = $6.00
Since we can answer the target question with certainty, statement 2 is SUFFICIENT

Answer: B

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image
Top
Post new topic Post Reply
• Page 1 of 1