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A jewelry dealer initially offered a bracelet for sale at

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

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New post 20 May 2008, 22:49
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A
B
C
D
E

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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.
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Re: DS: [#permalink]

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New post 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

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Re: DS: [#permalink]

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

I got D too,
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Re: DS: [#permalink]

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

I got D too,


asking price is NOT sold price!
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Re: DS: [#permalink]

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New post 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..

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Re: DS: [#permalink]

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

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Re: DS: [#permalink]

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New post 04 Jun 2008, 12:05
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).

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Re: DS: [#permalink]

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New post 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

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Re: DS: [#permalink]

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New post 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.

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Re: DS: [#permalink]

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New post 04 Nov 2008, 02:10
Agree with A.

What is the OE for answer to be B?

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Re: DS:   [#permalink] 04 Nov 2008, 02:10
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