{"id":20940,"date":"2013-10-07T02:00:28","date_gmt":"2013-10-07T09:00:28","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=20940"},"modified":"2013-10-04T07:12:17","modified_gmt":"2013-10-04T14:12:17","slug":"gmat-question-of-the-day-oct-8-word-problem-and-critical-reasoning-2","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/gmat-question-of-the-day-oct-8-word-problem-and-critical-reasoning-2\/","title":{"rendered":"GMAT Question of the Day (Oct 7): Word Problem and Critical Reasoning"},"content":{"rendered":"

Math (PS)<\/strong><\/p>\n

A car dealership sold two cars: the first car at a 10% profit and the second car at a 10% loss, which gave them an overall profit margin of 5% from these two sales. If the dealership's total profit was $1000, what was the sale price of each car?<\/p>\n

(A) $5,000 and $1,000
\n(B) $9,000 and $5,000
\n(C) $11,000 and $9,000
\n(D) $15,000 and $5,000
\n(E) $20,000 and $10,000<\/p>\n

\nQuestion Discussion & Explanation<\/a>
\nCorrect Answer<\/strong> - D -<\/span> (click and drag your mouse to see the answer)\n<\/div>\n

<\/p>\n

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GMAT Daily Deals<\/div>\n