How much was the original price of a car, which was sold for : Data Sufficiency (DS)

ZuluMong

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Re: percentages [#permalink]

14 Sep 2011, 10:11

whats the OA and source? my guess was E.

A as explained above.

B - appreciated 35% from its original value? How are we to know that $25k is the appreciated value from the original AND the amount sold? Example, if the car was originally $15k the appreciated value (35%) would be $20,250 but the car can still be sold at $25k.

Am I reading too much into this?

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Re: percentages [#permalink]

14 Sep 2011, 10:42

Answer is B IMO.
Statement 1 results in infinite answers.
Statement 2 is sufficient.

prateekbhatt

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Re: percentages [#permalink]

14 Sep 2011, 13:07

IMOB......

The original value can be determined from the Sold price - appreciated value....

fluke

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Re: percentages [#permalink]

17 Sep 2011, 02:46

mohan514 wrote:

5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

It should be "B" if we assume that the car is sold at its current market value. Say, the current value of my home is 450,000. It doesn't mean I sell it for 450,000. I may sell it for 400,000 or 500,000. Not a well written question if the author wants the OA to be B.

Selling Price=25000
Original=?

(1)
12500<Original Price<25000
Not Sufficient.

(2)
1.35(Original Price)=25000
Original Price= 25000/1.35
Sufficient.

Ans: "B"
********************************

But, if we consider the statements as is.

Ans: "E"

shinna

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Re: percentages [#permalink]

17 Sep 2011, 11:16

IMO B, but yes as written by fluke it can be E as well. If we take the statement as is.

B

Capricorn369

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Re: percentages [#permalink]

17 Sep 2011, 13:18

fluke wrote:

mohan514 wrote:

5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

It should be "B" if we assume that the car is sold at its current market value. Say, the current value of my home is 450,000. It doesn't mean I sell it for 450,000. I may sell it for 400,000 or 500,000. Not a well written question if the author wants the OA to be B.

Selling Price=25000
Original=?

(1)
12500<Original Price<25000
Not Sufficient.

(2)
1.35(Original Price)=25000
Original Price= 25000/1.35
Sufficient.

Ans: "B"
********************************

But, if we consider the statements as is.

Ans: "E"

@fluke- I'll consider your latter option and agree with "E" because it doesn't say that "appreciated value" is "Sell value" of the car in (2).
Cheers!

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Re: percentages [#permalink]

19 Sep 2011, 22:22

fluke wrote:

mohan514 wrote:

5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

It should be "B" if we assume that the car is sold at its current market value. Say, the current value of my home is 450,000. It doesn't mean I sell it for 450,000. I may sell it for 400,000 or 500,000. Not a well written question if the author wants the OA to be B.

Selling Price=25000
Original=?

(1)
12500<Original Price<25000
Not Sufficient.

(2)
1.35(Original Price)=25000
Original Price= 25000/1.35
Sufficient.

Ans: "B"
********************************

But, if we consider the statements as is.

Ans: "E"

Thanks for the explanation

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Re: percentages [#permalink]

20 Sep 2011, 03:31

I initially went with B but if we are suppose to take the true meaning of appreciated, then the answer is E. Current market value does not necessarily equal selling price.

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Re: How much was the original price of a car, which was sold for [#permalink]

17 Oct 2013, 07:17

mohan514 wrote:

5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

what does appreciation stand for
please explain

Hey guys, what do you think on the language of Statement 2?
For me, it is a clear E
Why should we assume that the current market value is the same as the price it was sold for?

What does the OA say?

Cheers
J

L

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Re: How much was the original price of a car, which was sold for [#permalink]

17 Oct 2013, 08:23

Expert Reply

jlgdr wrote:

mohan514 wrote:

5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

what does appreciation stand for
please explain

Hey guys, what do you think on the language of Statement 2?
For me, it is a clear E
Why should we assume that the current market value is the same as the price it was sold for?

What does the OA say?

Cheers
J

_________
The OA is B.

jlgdr

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Re: How much was the original price of a car, which was sold for [#permalink]

17 Oct 2013, 09:32

Bunuel wrote:

jlgdr wrote:

mohan514 wrote:

5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

what does appreciation stand for
please explain

Hey guys, what do you think on the language of Statement 2?
For me, it is a clear E
Why should we assume that the current market value is the same as the price it was sold for?

What does the OA say?

Cheers
J

_________
The OA is B.

Thanks Bunuel, I'm sad to see that it is B.
Is there anything I might me missing from the language used in question stem? Or is it just ambiguous?
Cheers
J

Bumpingggg

gmatclubot

Re: How much was the original price of a car, which was sold for [#permalink]

17 Oct 2013, 09:32

GMAT Data Sufficiency (DS) Questions

How much was the original price of a car, which was sold for