Alternate approach:

∠ACB is an EXTERIOR ANGLE of ∆OAC.
An exterior angle is equal to the SUM OF THE TWO OPPOSITE INTERIOR ANGLES.
Thus, ∠ACB = x+y, as shown in the figure above.
GMATGuruNY wrote:
In the figure above, point O is the center of the circle and OC=AC=AB. What is the value of x?
A) 40
B) 36
C) 34
D) 32
E) 30

Since OC=AC, ∠AOC = ∠OAC = x.

Since exterior angle ∠ACB is equal to the sum of the two opposite interior angles,
∠ACB = ∠AOC + ∠OAC = x + x = 2x.
Since AC=AB, ∠ABC =∠ACB = 2x.

Since radius OA = radius OB, ∠OAB = ∠ABC.
Thus, ∠OAB = ∠ABC = 2x.
Since ∠OAB = 2x and ∠OAC= x, ∠CAB = x.
Since the angles inside ∆ABC must sum to 180, we get:
x + 2x + 2x = 180
5x = 180
x = 36.
The correct answer is
B.
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