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# If today the price of an item is \$3,600, what was the price

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If today the price of an item is \$3,600, what was the price [#permalink]  16 May 2004, 10:43
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100% (01:07) correct 0% (00:00) wrong based on 1 sessions
If today the price of an item is \$3,600, what was the price of the item exactly 2 years ago?
(1) The price of the item increased by 10 per-cent per year during this 2-year period.
(2) Today the price of the item is 1.21 times its price exactly 2 years ago.
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Re: DS-109 [#permalink]  16 May 2004, 10:48
hallelujah1234 wrote:
If today the price of an item is \$3,600, what was the price of the item exactly 2 years ago?
(1) The price of the item increased by 10 per-cent per year during this 2-year period.
(2) Today the price of the item is 1.21 times its price exactly 2 years ago.

Each statement is sufficient.
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A) X*1.1 * 1.1 = 3600 X can be determined
B) X*1.21 = 3600 X can be determined.

D should be it.
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