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A jewelry dealer initially offered a bracelet for sale at an

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A jewelry dealer initially offered a bracelet for sale at an [#permalink] New post 19 May 2007, 10:26
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. A jewelry dealer initially offered a bracelet for sale at an asking price that would give a profit to the dealer of 40 percent of the original cost. What was the original cost of the bracelet?

(1) After reducing this asking price by 10 percent, the jewelry dealer sold the bracelet at a profit of $403.
(2) The jewelry dealer sold the bracelet for $1,953.
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 [#permalink] New post 19 May 2007, 10:40
A.

S1 gives the following equation.
let the orig cost price = x
40%profit(asking price) = x*140/100
10% Discount on this(final sale price) = x*140/100 *90/100
Profit= SP - CP

=x*140/100 *90/100 - x = 403 (Solve for x)


S2. The stem doesnt say he sold the bracelet. Only tells us the asking price. Cant assume here.
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 [#permalink] New post 19 May 2007, 10:41
P1 = 0.4C

(1)
P2 = 0.9P1 = 0.36C
Sufficient

(2)
S = P1 + C = 1.4C
Sufficient
  [#permalink] 19 May 2007, 10:41
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