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

 It is currently 13 Dec 2018, 23:57

### 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 December
PrevNext
SuMoTuWeThFrSa
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345
Open Detailed Calendar
• ### GMATbuster's Weekly GMAT Quant Quiz, Tomorrow, Saturday at 9 AM PST

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.
• ### Typical Day of a UCLA MBA Student - Recording of Webinar with UCLA Adcom and Student

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.

# Q14

Author Message
TAGS:

### Hide Tags

Intern
Joined: 27 May 2018
Posts: 13

### Show Tags

09 Jul 2018, 17:45
Q14
Attachment:

IMG_20180710_071518.jpg [ 76.82 KiB | Viewed 373 times ]

Sent from my Redmi Note 3 using GMAT Club Forum mobile app
Intern
Joined: 11 Jul 2018
Posts: 20

### Show Tags

11 Jul 2018, 16:03
This question is not complete as there is no information whether profit remains same, reduces or increases and by what factor. By wording of question, it seems to indicates that cost price of product in 2007 is same as selling price in 2006. Assuming that profit is kept at same level as earlier, new selling price (New SP) will be per below.

New SP = P + Old SP

Question is asking ratio of Old SP by New SP. Therefore, ratio = Old SP/New SP => Old SP/(P+Old SP)

Clearly, the ratio has to be less than 1 (assuming profit is positive).
But with no information given about profit, we can't answer whether it will be .66 or .8.
Re: Q14 &nbs [#permalink] 11 Jul 2018, 16:03
Display posts from previous: Sort by

# Q14

Moderators: chetan2u, Bunuel

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.