Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 07 Jul 2015, 07:43

### GMAT Club Daily Prep

#### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# What is the cost of an article? 1. The article is sold for

 Question banks Downloads My Bookmarks Reviews Important topics
Author Message
TAGS:
Intern
Joined: 07 Aug 2003
Posts: 19
Location: USA
Followers: 0

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

What is the cost of an article? 1. The article is sold for [#permalink]  02 Dec 2003, 20:32
00:00

Difficulty:

(N/A)

Question Stats:

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

1. The article is sold for Rs. 24.
2. The percentage lost is as much as the cost price of the article.
Director
Joined: 13 Nov 2003
Posts: 790
Location: BULGARIA
Followers: 1

Kudos [?]: 30 [0], given: 0

[#permalink]  03 Dec 2003, 02:36
think it should be C. A) tells us that the article is sold for 24 Rs. so that is the selling price, which is not sufficient
B) is not sufficient by itself,but from both, the percentage lost is as much as the cost or 24/X=X/100 so we can find the cost of the article( X=cost of article)
Manager
Joined: 26 Aug 2003
Posts: 233
Location: United States
Followers: 1

Kudos [?]: 2 [0], given: 0

[#permalink]  03 Dec 2003, 05:54
I vote for C.

(1) It's the selling price. Don't know anything about cost. Not suff.
(2) Does say anything about what the cost and loss add up to or any fraction showing the relation.
(combined):
x = cost of article
x(x/100) = percentage loss

Selling Price = Cost - Loss
24 = x - x(x/100)
24 = x - x┬▓/100
x┬▓ - 100x + 2400 = 0

We get the value of x (cost of article) from this equation. So sufficient.
Intern
Joined: 07 Aug 2003
Posts: 19
Location: USA
Followers: 0

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

[#permalink]  03 Dec 2003, 09:09
Even I get C. But the official answer is E. This question is from gmatplus
Manager
Joined: 26 Aug 2003
Posts: 233
Location: United States
Followers: 1

Kudos [?]: 2 [0], given: 0

[#permalink]  04 Dec 2003, 06:06
preyshi wrote:
Even I get C. But the official answer is E. This question is from gmatplus

What's the section and the problem number?
[#permalink] 04 Dec 2003, 06:06
Similar topics Replies Last post
Similar
Topics:
6 The selling price of an article is equal to the cost of the 8 11 Sep 2012, 03:53
What is the cost of 5 apples and 5 pears? (1) 2 apples and 3 25 Sep 2011, 12:46
2 The selling price of an article is equal to the cost of the 4 01 Sep 2011, 09:20
The selling price of an article is equal to the cost of the 4 30 Oct 2007, 10:10
What is the cost of an article? 1. article is sold for 24 \$ 3 07 Mar 2006, 15:56
Display posts from previous: Sort by

# What is the cost of an article? 1. The article is sold for

 Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group and phpBB SEO Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.