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# If an item is purchased for x percent less than its retail

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Manager
Joined: 28 May 2009
Posts: 155

Kudos [?]: 266 [0], given: 91

Location: United States
Concentration: Strategy, General Management
GMAT Date: 03-22-2013
GPA: 3.57
WE: Information Technology (Consulting)
If an item is purchased for x percent less than its retail [#permalink]

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31 Jan 2013, 22:43
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25% (medium)

Question Stats:

76% (01:01) correct 24% (01:13) wrong based on 89 sessions

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If an item is purchased $$x$$ percent less than its retail price, and then sold for $$y$$ percent less than its retail price, what was the retail price of the item?

(1) $$x - y = 10$$

(2) $$y = 5$$

Source: Gmat Hacks 1800
[Reveal] Spoiler: OA

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Last edited by megafan on 01 Feb 2013, 06:12, edited 1 time in total.

Kudos [?]: 266 [0], given: 91

VP
Joined: 02 Jul 2012
Posts: 1216

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Location: India
Concentration: Strategy
GMAT 1: 740 Q49 V42
GPA: 3.8
WE: Engineering (Energy and Utilities)
Re: If an item is purchased for x percent less than its retail [#permalink]

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01 Feb 2013, 02:17
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Straight E... I dont see how either of the given statements could even cause an illusion of being sufficient.
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Re: If an item is purchased for x percent less than its retail [#permalink]

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04 Feb 2013, 20:53
megafan wrote:
If an item is purchased $$x$$ percent less than its retail price, and then sold for $$y$$ percent less than its retail price, what was the retail price of the item?

(1) $$x - y = 10$$

(2) $$y = 5$$

Source: Gmat Hacks 1800

Both statements together tell you this:
y = 5
x - y = 10 i.e. x = 15
So, an item is purchased for 15% less than its retail price, and then sold for 5% less than its retail price. What was the retail price of the item?

There is no information on actual cost. Only percentages are given. Hence both statements together are not sufficient.

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Re: If an item is purchased for x percent less than its retail [#permalink]

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30 May 2014, 03:48
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Re: If an item is purchased for x percent less than its retail   [#permalink] 30 May 2014, 03:48
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