SajjadAhmad wrote:
Mike bought a computer system for $4,000 and later sold it. For what price did Mike sell the computer system?
(1) Mike sold the computer system for 60% of the price he paid for it.
(2) Mike advertised the computer system in a newspaper at a price of $3,000, which was 25% more than the price for which he actually sold it.
Target question: For what price did Mike sell the computer system? Given: Mike bought a computer system for $4,000 and later sold it. Statement 1: Mike sold the computer system for 60% of the price he paid for it. Mike paid $4000.
So,
his selling price = 60% of $4000 = $2400Since we can answer the
target question with certainty, statement 1 is SUFFICIENT
Statement 2: Mike advertised the computer system in a newspaper at a price of $3,000, which was 25% more than the price for which he actually sold it. In other words, $3000 is 25% greater than the actual selling price
Or we can write: 3000 = (1.25)(selling price)
Divide both sides by 1.25 to get:
selling price = $2400Since we can answer the
target question with certainty, statement 2 is SUFFICIENT
Answer: D
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