explain

Why is the answer A?
Let suppose the asking price (selling price) is Y and the cost price is X.
Then Y = 1.4X.

Taking 1 - 0.9Y = X + 430
we can calculate X.

Taking 2 - Y = 1953
we can calculate X.

I think the answer should be D. Either 1 and 2 is sufficient by itself to get the answer.

I think the catch is in the word "initially offered ". The dealer wanted to make a profit of 40% but we are not sure what the actual profit the dealer made by selling it for $1953.

Can anyone confirm my understanding?

I really dun know..but the answer is A..i can't even understand your explanation..

santsark ur understanding is correct,

(2) The jewelry dealer sold the bracelet for $1,953.

now the words "intially offered" would create 2 possibilities here

a) The jewelry was initially offered for a higher price & then sold at $1953 after a bargain.
(In this case we cannot find the OC)

b) The jewelry was initially offered for $1953 & then sold for $1953
(we can find OC here)

So together INSUFF