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It's Official

by sanju09 » Sat May 09, 2009 5:16 am
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]
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by chetanojha » Sat May 09, 2009 7:51 am
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.
-------------------------------
=>SP-0.06(SP)=84600
=>0.94(SP)=84600
==> SP=90000
SUFFICIENT.
-------------------------------
(2) The selling price was 250 percent of the original purchase price of $36,000.
-------------------------------
SP=2.5(Purchase Price)
SP=2.5(36000)
SP=90000
SUFFICIENT.
-------------------------------

Hence D.