GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 22 Feb 2019, 06:28

### 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
Your Progress

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 February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
• ### Free GMAT RC Webinar

February 23, 2019

February 23, 2019

07:00 AM PST

09:00 AM PST

Learn reading strategies that can help even non-voracious reader to master GMAT RC. Saturday, February 23rd at 7 AM PT
• ### FREE Quant Workshop by e-GMAT!

February 24, 2019

February 24, 2019

07:00 AM PST

09:00 AM PST

Get personalized insights on how to achieve your Target Quant Score.

### Show Tags

23 Oct 2018, 23:41
00:00

Difficulty:

25% (medium)

Question Stats:

76% (01:29) correct 24% (01:28) wrong based on 48 sessions

### HideShow timer Statistics

A dealer sold good for $X. If Y percent was deducted for taxes and then$Z dollars was deducted for the cost of good, what was dealer’s gross profit after the deductions?

(1) X − Z = 400
(2) XY = 1100

_________________
Manager
Joined: 15 Feb 2018
Posts: 246

### Show Tags

24 Oct 2018, 04:53
1
Bunuel wrote:
A dealer sold good for $X. If Y percent was deducted for taxes and then$Z dollars was deducted for the cost of good, what was dealer’s gross profit after the deductions?

(1) X − Z = 400
(2) XY = 1100

Gross profit : x - y% - z.

Statement 1: No information about y%. Not sufficient.

Statement 2; No information about z. NOT sufficient.

Combining :

x - z = 400 . if we deduct y from 400 we we will get gross profit. Statement 2 gives the value of y%.

xy = 1100

x * y/100 = 1100 /100

xY% = 11.

x - z = 400

x - z - y% = 400 - 11 = 389.

The best answer is C.
Re: A dealer sold good for $X. If Y percent was deducted for taxes and the [#permalink] 24 Oct 2018, 04:53 Display posts from previous: Sort by # A dealer sold good for$X. If Y percent was deducted for taxes and the

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne 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®.