Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 27 May 2017, 18:14

### 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 an

Author Message
Intern
Joined: 05 Jun 2008
Posts: 3
Followers: 0

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

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

### Show Tags

17 Jun 2008, 20:37
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.

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.
Manager
Joined: 24 Apr 2008
Posts: 162
Followers: 1

Kudos [?]: 43 [0], given: 0

### Show Tags

17 Jun 2008, 20:52
D should be the ans:

From the stem we get: P=0.4C

St1: 1.4C X 0.9 - C = 403 hence sufficient

St2: 1.4C= amt given hence can solve for c - suffi
Intern
Joined: 08 Jun 2008
Posts: 47
Followers: 0

Kudos [?]: 9 [0], given: 0

### Show Tags

17 Jun 2008, 21:14
Is that question so straightforward

Cos statement 2 ) says the bracelet was sold for 1953 \$ but it doesent say what the asking price was

How do we know whether the bracelt was sold at the asking price or at a discount ?

Is the OA - A ?
Director
Joined: 23 Sep 2007
Posts: 787
Followers: 5

Kudos [?]: 192 [0], given: 0

### Show Tags

17 Jun 2008, 21:22
edit

A

statement 2: insuff, did the dealer sell at the asking price or reduced price?

statement 1: suff

C = original cost

(1.4C)*.9 = sold price = 1.26C

1.26C = C + 403
.26C = 403
C = 1550
Re: DS : percentage   [#permalink] 17 Jun 2008, 21:22
Display posts from previous: Sort by