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A jewelry dealer initially offered a bracelet for sale at an

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Intern
Joined: 05 Jun 2008
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A jewelry dealer initially offered a bracelet for sale at an [#permalink]  17 Jun 2008, 19:37
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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.
Manager
Joined: 24 Apr 2008
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Re: DS : percentage [#permalink]  17 Jun 2008, 19:52
D should be the ans:

From the stem we get: P=0.4C

St1: 1.4C X 0.9 - C = 403 hence sufficient

St2: 1.4C= amt given hence can solve for c - suffi
Manager
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Re: DS : percentage [#permalink]  17 Jun 2008, 20:14
Is that question so straightforward

Cos statement 2 ) says the bracelet was sold for 1953 \$ but it doesent say what the asking price was

How do we know whether the bracelt was sold at the asking price or at a discount ?

Is the OA - A ?
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Re: DS : percentage [#permalink]  17 Jun 2008, 20:22
edit

A

statement 2: insuff, did the dealer sell at the asking price or reduced price?

statement 1: suff

C = original cost

(1.4C)*.9 = sold price = 1.26C

1.26C = C + 403
.26C = 403
C = 1550
Re: DS : percentage   [#permalink] 17 Jun 2008, 20:22
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