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A jewelry dealer initially offered a bracelet for sale at an

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Manager
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Joined: 16 May 2004
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A jewelry dealer initially offered a bracelet for sale at an [#permalink] New post 22 May 2004, 06:40
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A
B
C
D
E

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(N/A)

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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 22 May 2004, 06:45
can be solved by each of them individually. so (d)

final SP is given in each.

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 [#permalink] New post 23 May 2004, 07:00
Stem of the problem
S-C = 0.4C S = 1.4C

a) 0.9S-C = 403 0.9*1.4C-C = 403 C can be found

b) is very obvious

Answer (D)
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 [#permalink] New post 23 May 2004, 18:36
The answer key is " A" :-) Anyway, I and most of my friends agree with D but we change our minds after reading the explanation.

From question, there is a relationship of 3 technical terms

Cost ---(Increased by X%)---->Asking Price----(Decreased by Y%)---->Selling Price.


From (2), we know only Selling Price but not Asking Price. Therefore, we cannot find the Cost. The tricky point is that Asking Price is not always Selling Price.

Any idea from its explanation?


:-)
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  [#permalink] 23 May 2004, 18:36
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