A retailer purchased a television set for x percent less than its list price, and then sold it for y percent less than the list price. What was the list price of the television set?
(1) x = 15
(2) x – y = 5
OA [spoiler][E][/spoiler]
This is how I did.
cp: cost price = ?
lp: list price
sp: selling price
cp = lp - (x/100)*lp
sp = lp - (y/100)*lp
1) x = 15
Insuff because no information of the lp
2) x - y = 5
Insuff because no information of lp
1) & 2) Insuff no new information
[spoiler][E][/spoiler]
(1) x = 15
(2) x – y = 5
OA [spoiler][E][/spoiler]
This is how I did.
cp: cost price = ?
lp: list price
sp: selling price
cp = lp - (x/100)*lp
sp = lp - (y/100)*lp
1) x = 15
Insuff because no information of the lp
2) x - y = 5
Insuff because no information of lp
1) & 2) Insuff no new information
[spoiler][E][/spoiler]
Want to Beat GMAT.
Always do what you're afraid to do. Whoooop GMAT
Always do what you're afraid to do. Whoooop GMAT
