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What is the cost of an article? 1. article is sold for 24 $

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Senior Manager
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What is the cost of an article? 1. article is sold for 24 $ [#permalink] New post 07 Mar 2006, 15:56
00:00
A
B
C
D
E

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0% (00:00) correct 0% (00:00) wrong based on 0 sessions
What is the cost of an article?

1. article is sold for 24 $

2. The percentage lost is as much as the cost price of the article
Director
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Joined: 26 Sep 2005
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Re: DS percentage [#permalink] New post 07 Mar 2006, 21:12
SunShine wrote:
What is the cost of an article?

1. article is sold for 24 $

2. The percentage lost is as much as the cost price of the article


I get E,here's how:

stmt 1, insuff -- we dont know what the cost is

stmt2 , insuff -- we dont know anything again

taking together,

if CP=x

loss percentage is equal to cost price, then

(x-24)/x *100 = x
--> x^2-100x+2400=0
--> x= 40,60

Hence E

you can plug in these numbers to verify statment B and they will hold good.
Manager
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 [#permalink] New post 07 Mar 2006, 22:44
Agree with E. None of the statements tell us anything.
Manager
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 [#permalink] New post 08 Mar 2006, 17:46
I first thought C because I solved the equation wrong.
It should be E.
  [#permalink] 08 Mar 2006, 17:46
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What is the cost of an article? 1. article is sold for 24 $

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