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# What is the cost of an article? 1. article is sold for 24 $ Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: Senior Manager Joined: 11 Nov 2005 Posts: 328 Location: London Followers: 1 Kudos [?]: 8 [0], given: 0 What is the cost of an article? 1. article is sold for 24$ [#permalink]  07 Mar 2006, 15:56
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What is the cost of an article?

1. article is sold for 24 $2. The percentage lost is as much as the cost price of the article Director Joined: 26 Sep 2005 Posts: 577 Location: Munich,Germany Followers: 1 Kudos [?]: 12 [0], given: 0 Re: DS percentage [#permalink] 07 Mar 2006, 21:12 SunShine wrote: What is the cost of an article? 1. article is sold for 24$

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
Joined: 24 Dec 2005
Posts: 95
Followers: 1

Kudos [?]: 4 [0], given: 0

Agree with E. None of the statements tell us anything.
Manager
Joined: 20 Feb 2006
Posts: 213
Followers: 1

Kudos [?]: 5 [0], given: 0

I first thought C because I solved the equation wrong.
It should be E.
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