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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 11 Apr 2008, 19:48
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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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Re: DS: % [#permalink] New post 11 Apr 2008, 20:03
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everything can be reduced to certain % of original cost, so only need 1 equation to solve
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Re: DS: % [#permalink] New post 11 Apr 2008, 20:55
el1981 wrote:
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.


C-trap

The always answer for C-trap is A or B, here is A
Let take a look at:
7-p452809?t=62183&hilit=jewelry+dealer&sid=3975497efb595762e7678add8def9661#p452809
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Re: DS: % [#permalink] New post 12 Apr 2008, 06:39
guys, i'm confused... what is the answer?
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Re: DS: % [#permalink] New post 12 Apr 2008, 06:52
Expert's post
sondenso wrote:
C-trap


This is exactly my first thought: a typical C-trap.... :)

x - original cost.

1) it seems to be insufficient, but 1.4x*0.9-x=403. sufficient
2) obviously insufficient and support the fist condition.
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Re: DS: % [#permalink] New post 12 Apr 2008, 07:22
Can anyone explain why statement 2 is in sufficient ?
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Re: DS: % [#permalink] New post 12 Apr 2008, 07:35
hmm, for 2 i thought that 1.4x = 1953? why is it not sufficient?
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Re: DS: % [#permalink] New post 12 Apr 2008, 08:24
Expert's post
AlbertNTN wrote:
hmm, for 2 i thought that 1.4x = 1953? why is it not sufficient?


There are two different prices: initially offered and "sell" price.

el1981 wrote:
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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Re: DS: %   [#permalink] 12 Apr 2008, 08:24
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