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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

1

This post was BOOKMARKED

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

3

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 _________________

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

1

This post received KUDOS

1

This post was BOOKMARKED

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. _________________

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

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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

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Re: Stores Land M each sell a certain product at a different [#permalink]
20 Jul 2015, 11:59

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).

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