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:

Stores Land M each sell a certain product at a different regular price. If both stores discount their regular price of the product, is the discount price at Store M less than the discount price at Store L ?

(1) At Store L the discount price is 10 percent less than the regular price; at Store M the discount price is 15 percent less than the regular price. (2) At Store L the discount price is $5 less than the regular store price; at Store M the discount price is $6 less than the regular price.

Practice Questions Question: 62 Page: 280 Difficulty: 600

Each week we'll be posting several questions from The Official Guide for GMAT® Review, 13th Edition and then after couple of days we'll provide Official Answer (OA) to them along with a solution.

We'll be glad if you participate in development of this project: 1. Please provide your solutions to the questions; 2. Please vote for the best solutions by pressing Kudos button; 3. Please vote for the questions themselves by pressing Kudos button; 4. Please share your views on difficulty level of the questions, so that we have most precise evaluation.

Re: Stores Land M each sell a certain product at a different [#permalink]
15 Oct 2012, 03:47

Expert's post

SOLUTION

Stores Land M each sell a certain product at a different regular price. If both stores discount their regular price of the product, is the discount price at Store M less than the discount price at Store L ?

(1) At Store L the discount price is 10 percent less than the regular price; at Store M the discount price is 15 percent less than the regular price. (2) At Store L the discount price is $5 less than the regular store price; at Store M the discount price is $6 less than the regular price.

Each statement is clearly insufficient to answer the question.

When we consider the statements together we have that 10% of regular price at store L corresponds to $5 and 15% of regular price at store M corresponds to $6. We can find regular prices, and discounted prices, thus answer the question. Sufficient.

Re: Stores Land M each sell a certain product at a different [#permalink]
15 Oct 2012, 04:18

1

This post received KUDOS

Let the regular price at store L is 100L & at store M is 100M 1) Discounted price at L = 90L Discounted price at store M = 85M But still we don't the respective value of L & M --->Insufficient

2) Discounted price at L = 100L - 5 Discounted price at M = 100M - 6 But still we don't the respective value of L & M --->Insufficient

1+2) 10L = 5 & 15M = 6 We can get the respective value of L & M --->Sufficient Answer C

_________________

If you like my Question/Explanation or the contribution, Kindly appreciate by pressing KUDOS. Kudos always maximizes GMATCLUB worth-Game Theory

If you have any question regarding my post, kindly pm me or else I won't be able to reply

Re: Stores Land M each sell a certain product at a different [#permalink]
15 Oct 2012, 08:10

1

This post received KUDOS

1) If Store L's cost is 10000000000000$ and store M's cost is 10$, after the discounts Store L would be more expensive. If the case is vice versa, store M would be more expensive.

2) Again, If Store L's cost is 10000000000000$ and store M's cost is 10$, after the deductions Store L would be more expensive. If the case is vice versa, store M would be more expensive.

Both statements together. A 10% discount = 5$ in store L. A 15 % discount = 6$ in store M. So the prices before discount and the discounted prices for both stores can be found.

Hence answer is C.

_________________

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

Re: Stores Land M each sell a certain product at a different [#permalink]
16 Oct 2012, 06:43

1

This post received KUDOS

Statment 1 gives us the % difference between regular and discounted prices for each store. But clearly not sufficient information to find out difference in discounted prices.

Statment 2 gives us the absolute difference between regular and discounted prices for each store. But clearly not sufficient information to find out difference in discounted prices.

However combining statement 1 and 2,we know that 10% corresponds to $5 for store 1 and 15% corresponds to $6 for store 2. With this we can find out regular price and therefore the discounted prices for each. Hence sufficient.

Stores Land M each sell a certain product at a different regular price. If both stores discount their regular price of the product, is the discount price at Store M less than the discount price at Store L ?

(1) At Store L the discount price is 10 percent less than the regular price; at Store M the discount price is 15 percent less than the regular price. (2) At Store L the discount price is $5 less than the regular store price; at Store M the discount price is $6 less than the regular price.

Practice Questions Question: 62 Page: 280 Difficulty: 600

Each week we'll be posting several questions from The Official Guide for GMAT® Review, 13th Edition and then after couple of days we'll provide Official Answer (OA) to them along with a solution.

We'll be glad if you participate in development of this project: 1. Please provide your solutions to the questions; 2. Please vote for the best solutions by pressing Kudos button; 3. Please vote for the questions themselves by pressing Kudos button; 4. Please share your views on difficulty level of the questions, so that we have most precise evaluation.

Re: Stores Land M each sell a certain product at a different [#permalink]
19 Oct 2012, 04:20

Expert's post

SOLUTION

Stores Land M each sell a certain product at a different regular price. If both stores discount their regular price of the product, is the discount price at Store M less than the discount price at Store L ?

(1) At Store L the discount price is 10 percent less than the regular price; at Store M the discount price is 15 percent less than the regular price. (2) At Store L the discount price is $5 less than the regular store price; at Store M the discount price is $6 less than the regular price.

Each statement is clearly insufficient to answer the question.

When we consider the statements together we have that 10% of regular price at store L corresponds to $5 and 15% of regular price at store M corresponds to $6. We can find regular prices, and discounted prices, thus answer the question. Sufficient.

Answer: C.

Kudos points given to everyone with correct solution. Let me know if I missed someone.

Re: Stores Land M each sell a certain product at a different [#permalink]
21 Jun 2014, 10:00

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.