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
The selling price of a newly launched laptop is set as the
This topic has expert replies
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.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