Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized for You

we will pick new questions that match your level based on your Timer History

Track Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

A clothing store acquired an item at a cost of x dollars and [#permalink]

Show Tags

06 Aug 2008, 12:12

00:00

A

B

C

D

E

Difficulty:

(N/A)

Question Stats:

70% (01:50) correct
30% (01:10) wrong based on 185 sessions

HideShow timer Statistics

A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store’s gross profit from the item was what percent of its cost for the item?

A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store’s gross profit from the item was what percent of its cost for the item? (1) y – x = 20 2) y / x = 5 / 4

A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient. B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient. C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient. D. EACH statement ALONE is sufficient. E. Statements (1) and (2) TOGETHER are NOT sufficient.

Answer is C. Stat-1 tells about the profit but does not tell about the original cost. Using 1 and 2 both you get both the value of x and the $20 profit on it. Hope I am right.

A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store’s gross profit from the item was what percent of its cost for the item? (1) y – x = 20 2) y / x = 5 / 4

A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient. B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient. C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient. D. EACH statement ALONE is sufficient. E. Statements (1) and (2) TOGETHER are NOT sufficient.

gross profit = n (y-x)

% = n(y-x)/nx = (y-x) / x

(1) y – x = 20

(y-x) / x = 20/x*100 not suffcieint.. we don't the x

2) suffciient. (y-x) / x = y/x-1 % = 5/4-1*100

B _________________

Your attitude determines your altitude Smiling wins more friends than frowning

gross profit = n (y-x) % = n(y-x)/nx = (y-x) / x (1) y – x = 20 (y-x) / x = 20/x*100 not suffcieint.. we don't the x 2) suffciient. (y-x) / x = y/x-1 % = 5/4-1*100 B

sorry....PR told me not to use too much algebra...I guess they were wrong

A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store’s gross profit from the item was what percent of its cost for the item? (1) y – x = 20 2) y / x = 5 / 4

A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient. B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient. C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient. D. EACH statement ALONE is sufficient. E. Statements (1) and (2) TOGETHER are NOT sufficient.

Clearly B

Here the cost price =x selling price=y gross profit =y-x gross profit % = (y-x) /x = (y/x)-1 ------->eqn I

Now (1) is INSUFFI since we y-x=20 but no clue about x (2) is SUFFI we know y/x=5/4

A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store's gross profit from the item was what percent of its cost for the item?

A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store's gross profit from the item was what percent of its cost for the item?

(1) y-x=20 (2) y/x=5/4

Question requires {(y-x)/x}*100

or {(y/x)-1}*100

we can get this from (2),

Hence answer is B.

This is my working too. From Rephrasing the original question, it boils down to (Y/X - 1)*100.

So all we really need is Y/X which is provided in B and hence is the answer.

gmatclubot

Re: A clothing store required......
[#permalink]
20 Oct 2011, 12:58

Part 2 of the GMAT: How I tackled the GMAT and improved a disappointing score Apologies for the month gap. I went on vacation and had to finish up a...

So the last couple of weeks have seen a flurry of discussion in our MBA class Whatsapp group around Brexit, the referendum and currency exchange. Most of us believed...

This highly influential bestseller was first published over 25 years ago. I had wanted to read this book for a long time and I finally got around to it...