Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized for You

we will pick new questions that match your level based on your Timer History

Track Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

I found this one tricky.. A jewelery dealer offered a [#permalink]
22 Oct 2006, 15:48

00:00

A

B

C

D

E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct
0% (00:00) wrong based on 0 sessions

I found this one tricky..

A jewelery dealer offered a bracelet for sale at an asking price that would give profit to the dealer of 40% of the original cost. What was the original cost of the bracelet

1) After reducing this asking price by 10%, the jewelery dealer sold the bracelet at a profit of $ 403..

2) The jewelery dealer sold the bracelet for $1953

A jewelery dealer offered a bracelet for sale at an asking price that would give profit to the dealer of 40% of the original cost. What was the original cost of the bracelet

1) After reducing this asking price by 10%, the jewelery dealer sold the bracelet at a profit of $ 403..

2) The jewelery dealer sold the bracelet for $1953

ORIGINAL COST = X

ASKING PRICE = Y ( MIGHT = OR NOT TO SALES PRICE)

PROFIT = SALES PRICE ( IF EQUALL TO ASKING PRICE) -X = 0.4X IE : SALES PRICE ( ONLY IF EQUALL TO SALES PRICE) = 1.4 X

Since a 10% discount was offered on asking price. Let original asking price be A. 0.9a=403 obtain the value of A. Let original cost be C. Its given that 1.4C =A. Solve to get C

A jewelery dealer offered a bracelet for sale at an asking price that would give profit to the dealer of 40% of the original cost. What was the original cost of the bracelet

1) After reducing this asking price by 10%, the jewelery dealer sold the bracelet at a profit of $ 403..

2) The jewelery dealer sold the bracelet for $1953

A for me too.
Damager, we can not assume that he sold for the asking price.
1.4x was the asking price. He might not have got that much or any profit when he sold it.

Re: DS - jewellery dealer [#permalink]
26 Oct 2006, 14:24

Late but A!
Forget about the calculations, it would make u loose precious time. St. B I think just gives u the final number, maybe this wasn't the only sale or deduction he made, therefore meeting a smaller profit than a 40% -> insufficient.