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

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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

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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.