GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 23 Feb 2019, 15:07

### 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 February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
• ### FREE Quant Workshop by e-GMAT!

February 24, 2019

February 24, 2019

07:00 AM PST

09:00 AM PST

Get personalized insights on how to achieve your Target Quant Score.
• ### Free GMAT RC Webinar

February 23, 2019

February 23, 2019

07:00 AM PST

09:00 AM PST

Learn reading strategies that can help even non-voracious reader to master GMAT RC. Saturday, February 23rd at 7 AM PT

# A used car reseller was paid a total of \$5,000 for a used car. The res

Author Message
TAGS:

### Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 53066
A used car reseller was paid a total of \$5,000 for a used car. The res  [#permalink]

### Show Tags

16 Oct 2018, 01:18
1
00:00

Difficulty:

75% (hard)

Question Stats:

39% (02:16) correct 61% (02:16) wrong based on 30 sessions

### HideShow timer Statistics

A used car reseller was paid a total of \$5,000 for a used car. The reseller’s only costs for the car were for buying the used car and repairing the car. Was the reseller’s profit from selling the used car more than \$1,500?

(1) The reseller’s total cost was three times the cost of buying the car.
(2) The reseller’s profit was more than the cost of repairing the car.

_________________
BSchool Forum Moderator
Joined: 23 May 2018
Posts: 432
Location: Pakistan
Re: A used car reseller was paid a total of \$5,000 for a used car. The res  [#permalink]

### Show Tags

16 Oct 2018, 01:24
A used car reseller was paid a total of \$5,000 for a used car. The reseller’s only costs for the car were for buying the used car and repairing the car. Was the reseller’s profit from selling the used car more than \$1,500?

(1) The reseller’s total cost was three times the cost of buying the car.
We do not know how much the car was bought for. INSUFFICIENT.

(2) The reseller’s profit was more than the cost of repairing the car.
There are no dollar values to go on and decipher if the said profit was more or less than \$1,500

Together
We still do not know the total cost incurred, so calculating the profit is not possible.

_________________

If you can dream it, you can do it.

Practice makes you perfect.

Kudos are appreciated.

Re: A used car reseller was paid a total of \$5,000 for a used car. The res   [#permalink] 16 Oct 2018, 01:24
Display posts from previous: Sort by