- sanju09
- GMAT Instructor
- Posts: 3650
- Joined: Wed Jan 21, 2009 4:27 am
- Location: India
- Thanked: 267 times
- Followed by:80 members
- GMAT Score:760
If a real estate agent received a commission of 6 percent of the selling price of a certain house, what was the selling price of the house?
(1) The selling price minus the real estate agent's commission was $84,600.
(2) The selling price was 250 percent of the original purchase price of $36,000.
(A) Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
(B) Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
(C) BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
(D) EACH statement ALONE is sufficient.
(E) Statements (1) and (2) TOGETHER are NOT sufficient.
[spoiler]Answer
(D)[/spoiler]
(1) The selling price minus the real estate agent's commission was $84,600.
(2) The selling price was 250 percent of the original purchase price of $36,000.
(A) Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
(B) Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
(C) BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
(D) EACH statement ALONE is sufficient.
(E) Statements (1) and (2) TOGETHER are NOT sufficient.
[spoiler]Answer
(D)[/spoiler]
The mind is everything. What you think you become. -Lord Buddha
Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001
www.manyagroup.com
Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001
www.manyagroup.com












