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

Redeem

today the price

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
GMAT Instructor
Posts: 3650
Joined: Wed Jan 21, 2009 4:27 am
Location: India
Thanked: 267 times
Followed by:80 members
GMAT Score:760

today the price

by sanju09 » Fri Mar 20, 2009 3:23 am
If today the price of an item is $3,600, what was the price of the item exactly 2 years ago?

(1) The price of the item increased by 10 per-cent per year during this 2-year period.

(2) Today the price of the item is 1.21 times its price exactly 2 years ago.


OA after few posts
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
Top
Source: — Data Sufficiency |
Master | Next Rank: 500 Posts
Posts: 168
Joined: Thu Nov 13, 2008 4:34 am
Location: Pittsburgh
Thanked: 9 times

by Tryingmybest » Fri Mar 20, 2009 7:11 am
IMO D
1) The price of the item increased by 10 per-cent per year during this 2-year period.
Price before 2 yesrs = X
Price last year = 1.1 X
Price this year = 1.1 + 1.1 * 10 /100 =1.21 X
1.21 X= 3600 we can solve for X
Sufficient


(2) Today the price of the item is 1.21 times its price exactly 2 years ago.

This is the final step of the Previous statement

Sufficient
Top
Master | Next Rank: 500 Posts
Posts: 345
Joined: Wed Mar 18, 2009 6:53 pm
Location: Sao Paulo-Brazil
Thanked: 12 times
GMAT Score:660

by shibal » Mon Mar 23, 2009 11:14 am
IMO D

st.1 = 3.600=x*1.1+(x*1.1*1.1)

suff

st.2

3600=1.21x

suff
Top
Post new topic Post Reply
• Page 1 of 1