Hi!
Could someone be so kind and explain why the answer (2) is not sufficient? Answer 1 is sufficient, thats for sure. I would say answer 2 is also sufficient, I would devide 1,953 by 1.4 and get the price. But in the booklet is indicated that only 1 is suffient????
Thank you in advance!
22. A jewelry dealer initially offered a bracelet for sale at an asking price that would give a profit to the dealer of 40 percent of the original cost. What was the original cost of the bracelet?
(1) After reducing this asking price by 10 percent, the jewelry dealer sold the bracelet at a profit of $403.
(2) The jewelry dealer sold the bracelet for $1,953.
Could someone be so kind and explain why the answer (2) is not sufficient? Answer 1 is sufficient, thats for sure. I would say answer 2 is also sufficient, I would devide 1,953 by 1.4 and get the price. But in the booklet is indicated that only 1 is suffient????
Thank you in advance!
22. A jewelry dealer initially offered a bracelet for sale at an asking price that would give a profit to the dealer of 40 percent of the original cost. What was the original cost of the bracelet?
(1) After reducing this asking price by 10 percent, the jewelry dealer sold the bracelet at a profit of $403.
(2) The jewelry dealer sold the bracelet for $1,953.
