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

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Re: original cost of the bracelet? [#permalink]
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I am going to agree with swatirpr, A is correct.

stmt1 - 'after reducing this asking price' specifies that the information given in the question should be used
stmt2 - only says sold for XXXX, it may not have been his INITIAL offer.

edit: Found another post with the same question.
ds-original-cost-79845.html
OA=A
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Re: A jewelry dealer initially offered a bracelet for sale at an [#permalink]
vageesh 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.

Got it wrong because it is a WORD problem !!!!!!!

Need to pay more attention!!!! but how to make out the difference ???
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Re: A jewelry dealer initially offered a bracelet for sale at an [#permalink]
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Hi samichange,

You've hinted at an issue that impacts a LOT of Test Takers, but you're focusing on the wrong aspect of the process. You didn't get this question wrong because it was slightly wordy - you got it wrong because you made a silly mistake.

The 'solution' to this type of issue is to take more/better notes and put more detail into your WORK. Can you upload a picture of the work that you did the first time you attempted this question? I'd like to see how you approached the problem. What type of notes did you take? Did you try to do math "in your head?"

If you're thinking about your overall pacing, you should know that 75 minutes IS enough time to take a shot at every Quant question, but it's NOT enough time to do work in your head, reread the prompt over and over, stare at the screen etc. Also, if your goal is to score at a high level, then little mistakes CANNOT be allowed to happen.

GMAT assassins aren't born, they're made,
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A jewelry dealer initially offered a bracelet for sale at an [#permalink]
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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?

$$Selling price=Cost+(\frac{40}{100})*Cost$$

Statement (1): After reducing this asking price by 10 percent, the jewelry dealer sold the bracelet at a profit of $403. $$New selling price=Cost+(\frac{40}{100})*Cost-\frac{10}{100}*(Cost+(\frac{40}{100})*Cost)$$ $$New Selling Price=0.9*Cost+(\frac{36}{100})*Cost$$ profit=$403------>$$(\frac{36}{100})*Cost=403$$------>Cost=$1119.44 Statement 1): SUFFICIENT Statement (2) :The jewelry dealer sold the bracelet for$1,953.

$$1953=Cost+-(\frac{x}{100})*Cost$$

It could be profit or loss(we can not assume that dealer sold at initial offer which is 40% profit.)

Statement (2): NOT SUFFICIENT

Ans: A

Please correct me if i am wrong.

Thanks,
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Re: A jewelry dealer initially offered a bracelet for sale at an [#permalink]
Nice question.
This says that proper reading is important. We cannot afford to misinterpret or misread any word.
Very tough for me. Got it wrong.
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Re: A jewelry dealer initially offered a bracelet for sale at an [#permalink]
Statement 1 is Sufficient. I Agree to it.
But, How Statement 2 is not Sufficient?
Cant it be => [ 1953 = 1.4 * Cost Price ] => Cost Price Original= 1395/-
Re: A jewelry dealer initially offered a bracelet for sale at an [#permalink]
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