Find all School-related info fast with the new School-Specific MBA Forum

It is currently 25 Apr 2015, 10:19

Close

GMAT Club Daily Prep

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.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

If an item is purchased for x percent less than its retail

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
User avatar
Joined: 28 May 2009
Posts: 155
Location: United States
Concentration: Strategy, General Management
GMAT Date: 03-22-2013
GPA: 3.57
WE: Information Technology (Consulting)
Followers: 4

Kudos [?]: 117 [0], given: 91

GMAT ToolKit User
If an item is purchased for x percent less than its retail [#permalink] New post 31 Jan 2013, 21:43
1
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

74% (01:58) correct 26% (01:10) wrong based on 78 sessions
If an item is purchased \(x\) percent less than its retail price, and then sold for \(y\) percent less than its retail price, what was the retail price of the item?

(1) \(x - y = 10\)

(2) \(y = 5\)

Source: Gmat Hacks 1800
[Reveal] Spoiler: OA

_________________

New to GMAT Club? Start here

Kindle Flashcards - Quant (Official Gmat Club, miguemick's Quant topics), and Verbal (Official Gmat Club) - in Kindle (azw3) format


Last edited by megafan on 01 Feb 2013, 05:12, edited 1 time in total.
Kaplan Promo CodeKnewton GMAT Discount CodesGMAT Pill GMAT Discount Codes
1 KUDOS received
Moderator
Moderator
User avatar
Joined: 02 Jul 2012
Posts: 1227
Location: India
Concentration: Strategy
GMAT 1: 740 Q49 V42
GPA: 3.8
WE: Engineering (Energy and Utilities)
Followers: 79

Kudos [?]: 835 [1] , given: 116

Premium Member
Re: If an item is purchased for x percent less than its retail [#permalink] New post 01 Feb 2013, 01:17
1
This post received
KUDOS
Straight E... I dont see how either of the given statements could even cause an illusion of being sufficient.
_________________

Did you find this post helpful?... Please let me know through the Kudos button.

Thanks To The Almighty - My GMAT Debrief

GMAT Reading Comprehension: 7 Most Common Passage Types

Expert Post
Veritas Prep GMAT Instructor
User avatar
Joined: 16 Oct 2010
Posts: 5429
Location: Pune, India
Followers: 1324

Kudos [?]: 6707 [0], given: 176

Re: If an item is purchased for x percent less than its retail [#permalink] New post 04 Feb 2013, 19:53
Expert's post
megafan wrote:
If an item is purchased \(x\) percent less than its retail price, and then sold for \(y\) percent less than its retail price, what was the retail price of the item?

(1) \(x - y = 10\)

(2) \(y = 5\)

Source: Gmat Hacks 1800


Both statements together tell you this:
y = 5
x - y = 10 i.e. x = 15
So, an item is purchased for 15% less than its retail price, and then sold for 5% less than its retail price. What was the retail price of the item?

There is no information on actual cost. Only percentages are given. Hence both statements together are not sufficient.

Answer (E)
_________________

Karishma
Veritas Prep | GMAT Instructor
My Blog

Veritas Prep GMAT course is coming to India. Enroll in our weeklong Immersion Course that starts March 29!

Veritas Prep Reviews

GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 09 Sep 2013
Posts: 4662
Followers: 289

Kudos [?]: 52 [0], given: 0

Premium Member
Re: If an item is purchased for x percent less than its retail [#permalink] New post 30 May 2014, 02:48
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

Re: If an item is purchased for x percent less than its retail   [#permalink] 30 May 2014, 02:48
    Similar topics Author Replies Last post
Similar
Topics:
7 Experts publish their posts in the topic A retailer purchased a television set for x percent less tha Bunuel 5 24 Dec 2013, 02:55
Experts publish their posts in the topic A retailer purchased a television set for x percent less tha obs23 3 12 Sep 2013, 07:18
14 Experts publish their posts in the topic In a survey of retailers, what percent had purchased Bunuel 19 14 Jun 2012, 02:17
3 Experts publish their posts in the topic If x is less than 80 percent of y, is x less than 100 ? (1) rxs0005 2 22 Jan 2011, 06:08
8 Experts publish their posts in the topic In a survey of retailers, what percent had purchased xALIx 4 17 Jan 2009, 20:00
Display posts from previous: Sort by

If an item is purchased for x percent less than its retail

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.