a real estate agent

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sanju09: GMAT Instructor; Posts: 3650; Joined: Wed Jan 21, 2009 4:27 amFollowed by: 80 members; Location: India; Thanked: 267 times; GMAT Score:760

by sanju09 » Sat Mar 17, 2012 2:17 am

If a real estate agent received a commission of 6 percent of the selling price of a certain house, what was the selling price of the house?
(1) The selling price minus the real estate agent's commission was $84,600.
(2) The selling price was 250 percent of the original purchase price of $36,000.

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Source: Beat The GMAT — Data Sufficiency | Sat Mar 17, 2012 2:17 am

killer1387: Legendary Member; Posts: 581; Joined: Sun Apr 03, 2011 7:53 amFollowed by: 5 members; Thanked: 52 times

by killer1387 » Sat Mar 17, 2012 3:09 am

D imo

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by [email protected] » Sat Mar 17, 2012 4:02 am

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Anurag@Gurome: GMAT Instructor; Posts: 3835; Joined: Fri Apr 02, 2010 10:00 pmFollowed by: 523 members; Location: Milpitas, CA; Thanked: 1854 times; GMAT Score:770

by Anurag@Gurome » Sat Mar 17, 2012 4:11 am

sanju09 wrote:If a real estate agent received a commission of 6 percent of the selling price of a certain house, what was the selling price of the house?
(1) The selling price minus the real estate agent's commission was $84,600.
(2) The selling price was 250 percent of the original purchase price of $36,000.

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Let the selling price = S

(1) S - 0.06S = $84,600.
0.94S = 84600
S = $90,000; SUFFICIENT.

(2) S = 250% of 36,000
S = $90,000; SUFFICIENT.

The correct answer is D.

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