It is currently 17 Oct 2017, 15:45

### 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

# A jewelry dealer initially offered a bracelet for sale at

Author Message
Director
Joined: 05 Jan 2008
Posts: 685

Kudos [?]: 600 [0], given: 0

A jewelry dealer initially offered a bracelet for sale at [#permalink]

### Show Tags

20 May 2008, 22:49
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

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.
_________________

Persistence+Patience+Persistence+Patience=G...O...A...L

Kudos [?]: 600 [0], given: 0

Intern
Joined: 30 Dec 2003
Posts: 33

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

Location: Danbury

### Show Tags

21 May 2008, 00:45
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

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

Director
Joined: 05 Jan 2008
Posts: 685

Kudos [?]: 600 [0], given: 0

### Show Tags

21 May 2008, 03:09
given OA is B. -> which I doubt

I got D too,
_________________

Persistence+Patience+Persistence+Patience=G...O...A...L

Kudos [?]: 600 [0], given: 0

SVP
Joined: 04 May 2006
Posts: 1886

Kudos [?]: 1396 [0], given: 1

Schools: CBS, Kellogg

### Show Tags

21 May 2008, 03:32
prasannar wrote:
given OA is B. -> which I doubt

I got D too,

asking price is NOT sold price!
_________________

Kudos [?]: 1396 [0], given: 1

Current Student
Joined: 28 Dec 2004
Posts: 3351

Kudos [?]: 319 [0], given: 2

Location: New York City
Schools: Wharton'11 HBS'12

### Show Tags

21 May 2008, 12:47
prasannar wrote:
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.

i think this E.

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

1) too insuff..

Kudos [?]: 319 [0], given: 2

Director
Joined: 01 May 2007
Posts: 795

Kudos [?]: 378 [0], given: 0

### Show Tags

21 May 2008, 13:02
I thought D as well. What is the source of this question?

Kudos [?]: 378 [0], given: 0

Manager
Joined: 28 Apr 2008
Posts: 110

Kudos [?]: 12 [0], given: 0

### Show Tags

04 Jun 2008, 12:05

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

Kudos [?]: 12 [0], given: 0

Manager
Joined: 01 May 2008
Posts: 111

Kudos [?]: 7 [0], given: 0

Location: São Paulo

### Show Tags

05 Jun 2008, 11:29
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

Kudos [?]: 7 [0], given: 0

Manager
Joined: 11 Mar 2008
Posts: 110

Kudos [?]: 23 [0], given: 0

### Show Tags

03 Nov 2008, 15:03
prasannar wrote:
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.

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.

Kudos [?]: 23 [0], given: 0

SVP
Joined: 17 Jun 2008
Posts: 1535

Kudos [?]: 279 [0], given: 0

### Show Tags

04 Nov 2008, 02:10
Agree with A.

What is the OE for answer to be B?

Kudos [?]: 279 [0], given: 0

Re: DS:   [#permalink] 04 Nov 2008, 02:10
Display posts from previous: Sort by