It is currently 21 Oct 2017, 00:20

### 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
Manager
Joined: 16 May 2004
Posts: 118

Kudos [?]: 13 [0], given: 0

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

### Show Tags

22 May 2004, 07:40
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
_________________

Exceed your goals and then Proceed to Succeed!!

Kudos [?]: 13 [0], given: 0

Manager
Joined: 10 Mar 2004
Posts: 64

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

Location: Dallas,TX

### Show Tags

22 May 2004, 07:45
can be solved by each of them individually. so (d)

final SP is given in each.

cheers

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

SVP
Joined: 30 Oct 2003
Posts: 1788

Kudos [?]: 112 [0], given: 0

Location: NewJersey USA

### Show Tags

23 May 2004, 08:00
Stem of the problem
S-C = 0.4C S = 1.4C

a) 0.9S-C = 403 0.9*1.4C-C = 403 C can be found

b) is very obvious

Kudos [?]: 112 [0], given: 0

Manager
Joined: 16 May 2004
Posts: 118

Kudos [?]: 13 [0], given: 0

Location: Thailand

### Show Tags

23 May 2004, 19:36
The answer key is " A" Anyway, I and most of my friends agree with D but we change our minds after reading the explanation.

From question, there is a relationship of 3 technical terms

Cost ---(Increased by X%)---->Asking Price----(Decreased by Y%)---->Selling Price.

From (2), we know only Selling Price but not Asking Price. Therefore, we cannot find the Cost. The tricky point is that Asking Price is not always Selling Price.

Any idea from its explanation?

_________________

Exceed your goals and then Proceed to Succeed!!

Kudos [?]: 13 [0], given: 0

23 May 2004, 19:36
Display posts from previous: Sort by