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# A jewelry dealer initially offered a bracelet for sale at an

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Manager
Joined: 05 Sep 2007
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A jewelry dealer initially offered a bracelet for sale at an [#permalink]

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11 Apr 2008, 20:48
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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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Manager
Joined: 02 Mar 2008
Posts: 205

Kudos [?]: 51 [2], given: 1

Concentration: Finance, Strategy
Re: DS: % [#permalink]

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11 Apr 2008, 21:03
2
KUDOS
D
everything can be reduced to certain % of original cost, so only need 1 equation to solve

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SVP
Joined: 04 May 2006
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Schools: CBS, Kellogg
Re: DS: % [#permalink]

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11 Apr 2008, 21:55
el1981 wrote:
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.

C-trap

The always answer for C-trap is A or B, here is A
Let take a look at:
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Intern
Joined: 12 Apr 2008
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Re: DS: % [#permalink]

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12 Apr 2008, 07:39
guys, i'm confused... what is the answer?

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CEO
Joined: 17 Nov 2007
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Concentration: Entrepreneurship, Other
Schools: Chicago (Booth) - Class of 2011
GMAT 1: 750 Q50 V40
Re: DS: % [#permalink]

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12 Apr 2008, 07:52
sondenso wrote:
C-trap

This is exactly my first thought: a typical C-trap....

x - original cost.

1) it seems to be insufficient, but 1.4x*0.9-x=403. sufficient
2) obviously insufficient and support the fist condition.
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Senior Manager
Joined: 02 Dec 2007
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Re: DS: % [#permalink]

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12 Apr 2008, 08:22
Can anyone explain why statement 2 is in sufficient ?

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Manager
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Re: DS: % [#permalink]

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12 Apr 2008, 08:35
hmm, for 2 i thought that 1.4x = 1953? why is it not sufficient?

Kudos [?]: 51 [0], given: 1

CEO
Joined: 17 Nov 2007
Posts: 3585

Kudos [?]: 4474 [0], given: 360

Concentration: Entrepreneurship, Other
Schools: Chicago (Booth) - Class of 2011
GMAT 1: 750 Q50 V40
Re: DS: % [#permalink]

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12 Apr 2008, 09:24
AlbertNTN wrote:
hmm, for 2 i thought that 1.4x = 1953? why is it not sufficient?

There are two different prices: initially offered and "sell" price.

el1981 wrote:
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.

_________________

HOT! GMAT TOOLKIT 2 (iOS) / GMAT TOOLKIT (Android) - The OFFICIAL GMAT CLUB PREP APP, a must-have app especially if you aim at 700+ | PrepGame

Kudos [?]: 4474 [0], given: 360

Re: DS: %   [#permalink] 12 Apr 2008, 09:24
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# A jewelry dealer initially offered a bracelet for sale at an

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