A jewelry dealer initially offered a bracelet for sale at

Question

The OA seems to be wrong, just want to get this validate by other members.

A jewelry dealer initially offered a bracelet for sale at an asking price that would give a profit to the dealer of 40 percent of the original cost. What was the original cost of the bracelet?

(1) After reducing this asking price by 10 percent, the jewelry dealer sold the bracelet at a profit of $403.
(2) The jewelry dealer sold the bracelet for $1,953.

patrannn · Answer

let asking price be - x

1- 1.4*0.9*x = $403
so easily you can find x

2- 1.4x =1953, find x

so ans must be D

prasannar · Answer

given OA is B. -> which I doubt

I got D too,

sondenso · Answer

asking price is NOT sold price!

FN · Answer

i think this E.

selling price is not the sasme as originial cost..clearly B is insuff

1) too insuff..

jimmyjamesdonkey · Answer

I thought D as well. What is the source of this question?

rino · Answer

A is the answer.

In(2), it isn't said whether the selling price was the initial asking price.
One can also get to (2) from(1).

ldpedroso · Answer

It must me D

we can solve A:
1,4x*0,9x-x = 403
x (cost) = 1550

asking price = 1550 * 1,4 = 2170
with a discount of 10% = 1953

1953 - 1550 = 403

snaps · Answer

The ans is A, here is my reasoning:

what info do we need to answer the question – what is the Original Cost?

From the q's premise we know that Asking Price/Original Cost=140/100. 
In order to find the OC we  must know AP .

1. tells us that 0.9AP-OP=403 
Now we have two equations and two unknowns:
AP/OC=140/100
0.9AP-OP=403 
Can we solve for OP? Yes, thus sufficient

2. tells us that the Sale Price=$1953. In order to answer the question we need to know the AP. 
 Does SP=AP?  Possible, but  we don’t know for certain , thus insufficient.

scthakur · Answer

Agree with A.

What is the OE for answer to be B?

A jewelry dealer initially offered a bracelet for sale at

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