The selling price of a newly launched laptop is set as the

Expert replies

AAPL: Moderator; Posts: 2636; Joined: Sun Oct 29, 2017 2:08 pmFollowed by: 2 members

by AAPL » Mon Jan 06, 2020 5:30 am

e-GMAT

The selling price of a newly launched laptop is set as the manufacturing cost plus the profit. The profit amount is what percent of the manufacturing cost?

1) The final selling price is $1400.
2) The profit amount is $280.

OA C

Like this post

Source: Beat The GMAT — Data Sufficiency | Mon Jan 06, 2020 5:30 am

Eggshells: Newbie | Next Rank: 10 Posts; Posts: 5; Joined: Sun Dec 29, 2019 2:36 pm

question

by Eggshells » Mon Jan 06, 2020 3:33 pm

AAPL wrote:e-GMAT

The selling price of a newly launched laptop is set as the manufacturing cost plus the profit. The profit amount is what percent of the manufacturing cost?

1) The final selling price is $1400.
2) The profit amount is $280.

OA C

I don't understand why they first talk about "the profit" and later about "the profit amount". I assume these are the same thing. Then neither Statement is sufficient alone, since using Statement 1 we know nothing about profit, and using Statement 2 we know nothing about manufacturing cost. Using both Statements, we know every single number we could ever need, since we can subtract 1400-280 to find the manufacturing cost, so of course we can answer any question at all.

Like this post

Post new topic Post Reply

• Page 1 of 1

GMAT Course Reviews

560 reviews

1168 reviews

431 reviews

359 reviews

147 reviews

5/5

5 Star (560 Reviews)

"Target Test Prep is the closest to the official version of the GMAT exam, about 99% accuracy in terms of the quality and quantity of information. The course has excellently created singular sets of focused lessons and tests for every possible topic that one could come across in the official GMAT exam."

"The TTP course maximizes the efficiency of the time you spend studying. It will take time and effort but I could almost guarantee that if you complete the course exactly as it is laid out you will get an amazing score. They also have a very responsive team willing to help with any questions you might have."

"TTP has two things that I think no other test prep company offers: A teaching approach that reinforces understanding and an attitude that will give you the mental preparedness needed to succeed on the test. TTP gives you a deep understanding of the concept you need to know while teaching you how to think."

Write a Review