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On account of Diwali, Maha Electronics(ME) is offering a bumper sale o

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On account of Diwali, Maha Electronics(ME) is offering a bumper sale o  [#permalink]

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New post 24 Sep 2019, 01:12
5
00:00
A
B
C
D
E

Difficulty:

  95% (hard)

Question Stats:

29% (02:07) correct 71% (01:59) wrong based on 42 sessions

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On account of Diwali, Maha Electronics(ME) is offering a bumper sale on all latest electronic items, which will be offered for less than the maximum retail price set by the manufacturer. Did Pihu get discount of 50% or more on the retail price if she bought brand X smart phone at the time of this sale?
(1) $300 less than ME's retail price was the sale price for brand X smart phone.
(2) 40%, after rounding to the closest percent, of the maximum retail price of $1500 is the retail price for brand X smart phone at ME

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Re: On account of Diwali, Maha Electronics(ME) is offering a bumper sale o  [#permalink]

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New post 02 Oct 2019, 06:49
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So we need to find whether the ratio of sale price (SP) over retail price (RP) is more than or equal to 50%.

(1) SP=RP-300 -- insufficient

(2) from this, we don't know the SP -- insufficient

(1)+(2) nothing changed -- insufficient

Bunuel, please kindly correct if I'm wrong. Was struggling between C and E as well.
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Re: On account of Diwali, Maha Electronics(ME) is offering a bumper sale o  [#permalink]

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New post 12 Oct 2019, 02:31
Hello, please could someone or Bunuel clarify?

this is how I understood it:

(SP) Sale Price, (RP) Retail Price

(1) RP - 300 = SP
Insufficient

(2) 0.40 x 1500= RP
Insufficient

(1)+(2)

0.40 x 1500 = RP --> RP=600

RP - 300 = SP --> 600-300 = SP --> SP= 300

--> SP/RP = 300 / 600 = 0.50 = 50% SUFF, hence option C
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Re: On account of Diwali, Maha Electronics(ME) is offering a bumper sale o  [#permalink]

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New post 13 Oct 2019, 21:25
EncounterGMAT wrote:
On account of Diwali, Maha Electronics(ME) is offering a bumper sale on all latest electronic items, which will be offered for less than the maximum retail price set by the manufacturer. Did Pihu get discount of 50% or more on the retail price if she bought brand X smart phone at the time of this sale?
(1) $300 less than ME's retail price was the sale price for brand X smart phone.
(2) 40%, after rounding to the closest percent, of the maximum retail price of $1500 is the retail price for brand X smart phone at ME


The question is asking for \(\frac{Retail Price - Sale Price}{Sale Price} > 50\)%

(1) Sale Price = Retail Price - $300;
Retail Price - Sale Price = $300
We have no Price information --> INSUFFICIENT

(2) 40% after rounding can equal 39.5% or 40.4%, but does not provide information about the Sale Price. --> INSUFFICIENT

(1), (2)

Sale Price: 39.5%\(* $1,500 < $600\) and 40.4%\(* $1,500 > $600\), therefore:

\(\frac{$300}{< $600} > 50\)% --> YES
\(\frac{$300}{> $600} < 50\)% --> NO

INSUFFICIENT

Answer: E
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Re: On account of Diwali, Maha Electronics(ME) is offering a bumper sale o   [#permalink] 13 Oct 2019, 21:25
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