What is the retail price of a certain calculator?
(1) The retail price of the calculator is $2.00 more than the wholesale price.
(2) The retail price of the calculator is 50 percent more than the $4.00 wholesale price.
Answer: B
Source: Manhattan prep
What is the retail price of a certain calculator?
This topic has expert replies
-
- Legendary Member
- Posts: 1223
- Joined: Sat Feb 15, 2020 2:23 pm
- Followed by:1 members
Timer
00:00
Your Answer
A
B
C
D
E
Global Stats
GMAT/MBA Expert
- Brent@GMATPrepNow
- GMAT Instructor
- Posts: 16207
- Joined: Mon Dec 08, 2008 6:26 pm
- Location: Vancouver, BC
- Thanked: 5254 times
- Followed by:1268 members
- GMAT Score:770
Timer
00:00
Your Answer
A
B
C
D
E
Global Stats
Target question: What is the retail price of a certain calculator?BTGModeratorVI wrote: ↑Sat Aug 08, 2020 7:10 amWhat is the retail price of a certain calculator?
(1) The retail price of the calculator is $2.00 more than the wholesale price.
(2) The retail price of the calculator is 50 percent more than the $4.00 wholesale price.
Answer: B
Source: Manhattan prep
Statement 1: The retail price of the calculator is $2.00 more than the wholesale price.
There are several scenarios that satisfy statement 1. Here are two:
Case a: the wholesale price is $1, and the retail price is $3. This satisfies the condition in statement 1. In this case, the retail price is $3
Case b: the wholesale price is $2, and the retail price is $4. This also satisfies the condition in statement 1. In this case, the retail price is $4
Since we cannot answer the target question with certainty, statement 1 is NOT SUFFICIENT
Statement 2: The retail price of the calculator is 50 percent more than the $4.00 wholesale price
50% of $4.00 is $2.00
So, the retail price of the calculator = $4.00 + $2.00 = $6.00
Since we can answer the target question with certainty, statement 2 is SUFFICIENT
Answer: B
Cheers,
Brent