A jeweler initially offered a bracelet for sale at an asking

Question

A jeweler initially offered a bracelet for sale at an asking price that would give a profit to the dealer of 40% of the original cost. What was the original cost?

(a) After reducing this asking price by 10%, the jeweler sold the bracelet at a profit of $403.

(b) The jeweler sold the bracelet for $1953.


Answer and explanation please.

sujayb · Answer

A jeweler initially offered a bracelet for sale at an asking price that would give a profit to the dealer of 40% of the original cost. What was the original cost?

(a) After reducing this asking price by 10%, the jeweler sold the bracelet at a profit of $403.

(b) The jeweler sold the bracelet for $1953. 

------------------------------

Let P = original price.

Initial asking price from stem = 140/100*P = 7*P/5

From (1) 90% of 7*P/5 - P = 403. 
P can be calculated ........... SUF

From (2), if the dealer sold the bracelet at the asking price, then 7*P/5 = 1953, P can be calculated ........ SUF ??

Is the answer D? If answer is A, then (2) implies, dealer did not sell at asking price, so INSUF

tennis1ball · Answer

A.

the stem gives u this equation: ap - c = 40%* c.

1) gives u this: ap(1-10%) - c = 403.

u can solve c.


2).. u dont know what the ap is. the amount given is the selling price, which may not be the asking price ap.

artshep · Answer

I think the question is amgibuous. 

How can you assume, in either case, that the seller sold his item at the asking price? Neither of the added information pieces tells you explicitly that he sold the item at the asking price.

My question would be -- what is the proper way to read this question? 

If we assume nothing, then the answer would be E - both together are insufficient.

If we assume the asking price = selling price, then either is sufficient - answer D.

Where is this problem from and what is the OA?

Ritesh · Answer

its either D or A...if SP is 1935 = Ap then it has to be D...or else A...

whts the OA?

yogeshsheth · Answer

A for me
st2 does not provide u a clear indicaion whether the jweler sold bracelet at same cost price

A jeweler initially offered a bracelet for sale at an asking

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