December 14, 2018 December 14, 2018 09:00 AM PST 10:00 AM PST 10 Questions will be posted on the forum and we will post a reply in this Topic with a link to each question. There are prizes for the winners. December 14, 2018 December 14, 2018 10:00 PM PST 11:00 PM PST Carolyn and Brett  nicely explained what is the typical day of a UCLA student. I am posting below recording of the webinar for those who could't attend this session.
Author 
Message 
TAGS:

Hide Tags

Manager
Joined: 07 Apr 2009
Posts: 100

A jewelry dealer initially offered a bracelet for sale at an
[#permalink]
Show Tags
11 Jan 2010, 05:11
Question Stats:
40% (01:44) correct 60% (01:45) wrong based on 193 sessions
HideShow timer Statistics
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.
Official Answer and Stats are available only to registered users. Register/ Login.



Manager
Joined: 13 Oct 2009
Posts: 101
Location: USA
Schools: IU KSB

Re: original cost of the bracelet?
[#permalink]
Show Tags
Updated on: 11 Jan 2010, 12:23
vageesh wrote: 22. 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 opted for A (1) After reducing this asking price by 10 percent, the jewelry dealer sold the bracelet at a profit of $403. lets original cost = 100x and this asking price = 140x final reduced price = (140x  14x) = 126x so profit = final reduced price  original cost 403=126x 100x SUFFICIENT (2) The jewelry dealer sold the bracelet for $1,953. We do not know what is the final reduced price so this statement is not sufficient. I pick A.
Originally posted by swatirpr on 11 Jan 2010, 06:22.
Last edited by swatirpr on 11 Jan 2010, 12:23, edited 1 time in total.



Senior Manager
Joined: 21 Jul 2009
Posts: 333
Schools: LBS, INSEAD, IMD, ISB  Anything with just 1 yr program.

Re: original cost of the bracelet?
[#permalink]
Show Tags
11 Jan 2010, 08:01
vageesh wrote: 22. 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 opted for A Asking price is S Original Cost is C. Question stimulus states S  C = 0.4 * C > S = 1.4C. Question asks value of C. Stmt1: 0.9S  C = 403, sufficient, substitute value of S from question stimulus equation. Stmt2: S = 1953. Substituting in the equ'tion of the question stimulus, sufficient. My Pick is D.
_________________
I am AWESOME and it's gonna be LEGENDARY!!!



Intern
Joined: 29 Nov 2009
Posts: 20
Location: Toronto

Re: original cost of the bracelet?
[#permalink]
Show Tags
11 Jan 2010, 17:52
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. dsoriginalcost79845.htmlOA=A



Manager
Joined: 27 Feb 2010
Posts: 89
Location: Denver

Re: original cost of the bracelet?
[#permalink]
Show Tags
26 Apr 2010, 10:20
D for me. I did exactly what BarneyStinson did.



Manager
Joined: 27 Feb 2010
Posts: 89
Location: Denver

Re: original cost of the bracelet?
[#permalink]
Show Tags
26 Apr 2010, 10:27
I see mixed answers for this question. What is the correct answer? what is the source for this problem? next time, Please reveal your answer in spoiler when you submit. Correct answers to such DS problems helps us to guess correctly if we are running short of time.



CEO
Status: Nothing comes easy: neither do I want.
Joined: 12 Oct 2009
Posts: 2595
Location: Malaysia
Concentration: Technology, Entrepreneurship
GMAT 1: 670 Q49 V31 GMAT 2: 710 Q50 V35

Re: original cost of the bracelet?
[#permalink]
Show Tags
26 Apr 2010, 12:41
I will pick D as well....OA pls
_________________
Fight for your dreams :For all those who fear from Verbal lets give it a fight
Money Saved is the Money Earned
Jo Bole So Nihaal , Sat Shri Akaal
Support GMAT Club by putting a GMAT Club badge on your blog/Facebook
GMAT Club Premium Membership  big benefits and savings
Gmat test review : http://gmatclub.com/forum/670to710alongjourneywithoutdestinationstillhappy141642.html



Manager
Joined: 12 Jan 2010
Posts: 244
Schools: DukeTuck,Kelogg,Darden

Re: original cost of the bracelet?
[#permalink]
Show Tags
26 Apr 2010, 12:44
gurpreetsingh wrote: I will pick D as well....OA pls I agree too its D, unless we need to use RC skills to clearly comprehend or find out faults with what exactly the question suggests or means
_________________
Run towards the things that make you uncomfortable daily. The greatest risk is not taking risks http://gmatclub.com/forum/from690to730q50v3897356.html



Manager
Joined: 12 Jan 2010
Posts: 244
Schools: DukeTuck,Kelogg,Darden

Re: original cost of the bracelet?
[#permalink]
Show Tags
26 Apr 2010, 15:24
OA and if possible the source of the question too.
_________________
Run towards the things that make you uncomfortable daily. The greatest risk is not taking risks http://gmatclub.com/forum/from690to730q50v3897356.html



Retired Moderator
Joined: 20 Dec 2010
Posts: 1820

Re: original cost of the bracelet?
[#permalink]
Show Tags
29 Jan 2011, 09:10
Answer per my document is "A". No explanation available. This one is a tricky question. Swatirpr's interpretation is best suited for this solution.
_________________
~fluke
GMAT Club Premium Membership  big benefits and savings



SVP
Joined: 06 Sep 2013
Posts: 1721
Concentration: Finance

Re: original cost of the bracelet?
[#permalink]
Show Tags
16 Dec 2013, 13:20
gurpreetsingh wrote: I will pick D as well....OA pls D, I agree with Mr. Barney and Singh Cheers J



Veritas Prep GMAT Instructor
Joined: 16 Oct 2010
Posts: 8678
Location: Pune, India

Re: A jewelry dealer initially offered a bracelet for sale at an
[#permalink]
Show Tags
16 Dec 2013, 20:39
vageesh wrote: 22. 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 opted for A The answer here will be (A). I understand the issue raised by people who say (D) is the answer and hopefully, GMAT will not let this ambiguity creep in but you must remember that given the question as it is, you must answer it as (A). Every DS question is a single question and not two independent questions based on two statements. This means that if you get the answer using one statement, you will get the same answer using the other statement too. e.g. You CANNOT have such a situation. Question: What is x? Statement 1: x = 3 Statement 2: x = 4 In this over simplified example, each statement gives you the answer but they give conflicting values of x. This is not a valid DS question. For people who say answer is (D) Statement 1 gives you that original cost is 1550 Statement 2 gives you that original cost is 1395 This cannot be correct. Also note the wording of the question: "dealer initially offered a bracelet for sale at..." Considering statement 2 alone, we don't know the profit % after he finally sold it. All we know is that he initially offered it for sale at 40% mark up. Whether he was able to sell at this mark up or not, we do not know. Remember, it is a DS question  you cannot assume anything in it. Hence statement 2 alone is not sufficient. Answer (A)
_________________
Karishma Veritas Prep GMAT Instructor
Learn more about how Veritas Prep can help you achieve a great GMAT score by checking out their GMAT Prep Options >



Senior Manager
Joined: 06 Aug 2011
Posts: 339

Re: A jewelry dealer initially offered a bracelet for sale at an
[#permalink]
Show Tags
23 Dec 2013, 10:57
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. I ans D as well.. Bt after I read the question carefully, then I was wrong Actually statement B mentioned the price on which jewellery dealer sold the bracelet, and question is asking abt 40% above then iniatially offered price. If statement wud have mentioned that jewellery intial offered price is 1953(e.g. 1953=1.40*original cost) then this statement wud have been sufficient. I hope I m correct :D
_________________
Bole So Nehal.. Sat Siri Akal.. Waheguru ji help me to get 700+ score !



Senior Manager
Joined: 01 Nov 2013
Posts: 293
WE: General Management (Energy and Utilities)

Re: A jewelry dealer initially offered a bracelet for sale at an
[#permalink]
Show Tags
12 Mar 2015, 00:47
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 ???
_________________
Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.
I hated every minute of training, but I said, 'Don't quit. Suffer now and live the rest of your life as a champion.Mohammad Ali



EMPOWERgmat Instructor
Status: GMAT Assassin/CoFounder
Affiliations: EMPOWERgmat
Joined: 19 Dec 2014
Posts: 13081
Location: United States (CA)

Re: A jewelry dealer initially offered a bracelet for sale at an
[#permalink]
Show Tags
12 Mar 2015, 17:15
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, Rich
_________________
760+: Learn What GMAT Assassins Do to Score at the Highest Levels Contact Rich at: Rich.C@empowergmat.com
Rich Cohen
CoFounder & GMAT Assassin
Special Offer: Save $75 + GMAT Club Tests Free
Official GMAT Exam Packs + 70 Pt. Improvement Guarantee www.empowergmat.com/
*****Select EMPOWERgmat Courses now include ALL 6 Official GMAC CATs!*****



Intern
Joined: 06 Oct 2013
Posts: 45

A jewelry dealer initially offered a bracelet for sale at an
[#permalink]
Show Tags
22 Mar 2015, 21:49
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, Adla



Manager
Joined: 08 Sep 2010
Posts: 61

Re: A jewelry dealer initially offered a bracelet for sale at an
[#permalink]
Show Tags
10 Nov 2015, 00:32
VeritasPrepKarishma wrote: vageesh wrote: 22. 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 opted for A The answer here will be (A). I understand the issue raised by people who say (D) is the answer and hopefully, GMAT will not let this ambiguity creep in but you must remember that given the question as it is, you must answer it as (A). Every DS question is a single question and not two independent questions based on two statements. This means that if you get the answer using one statement, you will get the same answer using the other statement too. e.g. You CANNOT have such a situation. Question: What is x? Statement 1: x = 3 Statement 2: x = 4 In this over simplified example, each statement gives you the answer but they give conflicting values of x. This is not a valid DS question. For people who say answer is (D) Statement 1 gives you that original cost is 1550 Statement 2 gives you that original cost is 1395 This cannot be correct. Also note the wording of the question: "dealer initially offered a bracelet for sale at..." Considering statement 2 alone, we don't know the profit % after he finally sold it. All we know is that he initially offered it for sale at 40% mark up. Whether he was able to sell at this mark up or not, we do not know. Remember, it is a DS question  you cannot assume anything in it. Hence statement 2 alone is not sufficient. Answer (A) Hi @VeritasPrepKarishma I beg to differ on the above explanation. I mean, one should account the statement I to comprehend the question stem, which I don't believe is the correct approach to solve GMAT questions. Just looking at the question stem and Statement 2, one can easily say that Statement is sufficient to arrive at the solution. However, going by the correct answer (A), I would say that this question is not a typical GMAT question as it leaves room for doubt. Thanks, Chanakya



NonHuman User
Joined: 09 Sep 2013
Posts: 9159

Re: A jewelry dealer initially offered a bracelet for sale at an
[#permalink]
Show Tags
30 Jun 2018, 04:06
Hello from the GMAT Club BumpBot! Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up  doing my job. I think you may find it valuable (esp those replies with Kudos). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________
GMAT Books  GMAT Club Tests  Best Prices on GMAT Courses  GMAT Mobile App  Math Resources  Verbal Resources




Re: A jewelry dealer initially offered a bracelet for sale at an &nbs
[#permalink]
30 Jun 2018, 04:06






