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The dealer of an electronic store discounted the price of a television

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Manager
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Joined: 28 May 2018
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Location: India
Schools: Tuck '21, ISB '20, NTU '20
GMAT 1: 640 Q45 V35
GMAT 2: 670 Q45 V37
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The dealer of an electronic store discounted the price of a television  [#permalink]

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New post 06 Apr 2019, 12:32
2
00:00
A
B
C
D
E

Difficulty:

  75% (hard)

Question Stats:

43% (01:39) correct 57% (01:21) wrong based on 44 sessions

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The dealer of an electronic store discounted the price of a television and a microwave oven by the same percentage. On which of the two articles did the shopkeeper make a greater profit?

(1) The articles were marked up by the same percentage
(2) The amount of discount was same for both the articles

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Joined: 25 Dec 2018
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Concentration: General Management, Finance
GMAT Date: 02-18-2019
GPA: 3.4
WE: Engineering (Consulting)
Re: The dealer of an electronic store discounted the price of a television  [#permalink]

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New post 08 Apr 2019, 03:29
Experts, can anyone one explain this question.
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Joined: 03 Mar 2015
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Re: The dealer of an electronic store discounted the price of a television  [#permalink]

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New post 08 Apr 2019, 05:22
1
In any Question of the type Shopkeeper-->Markup-->Discount type question , it is better to read the entire question including both statements to ascertain what is the type of question.

Now it says that shopkeeper marks up a commodity and then finally offers a discount.
Also given that the discount percentage is same for both the products.

S1--> He markups by same percentage ,but nothing is given about Initial Price of the 2 commodities so final profit/loss can't be calculated, though discount percentages are given.
Insufficient.

S2-->We already know(He offers same discount percentage on both products) , and discount amount is also same, this implies final markup price was same for both the products, but nothing is give about markup percentage or initial product cost,so final loss/profit can't be calculated.
Insufficient.

S1+S2-->
S2--> final markup prices are same.
S1-->markup percentages are same.

So It implies Initial product cost are also same,Hence since all are same so both products have same profit/loss percentage.

Answer is (C)
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Re: The dealer of an electronic store discounted the price of a television  [#permalink]

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New post 09 Apr 2019, 20:45
I think as marked is calculated on sp and discount is calculated on marked price we won't be able to know cp so and should be e

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Re: The dealer of an electronic store discounted the price of a television  [#permalink]

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New post 09 Apr 2019, 20:45
I think as marked is calculated on sp and discount is calculated on marked price we won't be able to know cp so and should be e

Posted from my mobile device
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Re: The dealer of an electronic store discounted the price of a television   [#permalink] 09 Apr 2019, 20:45
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The dealer of an electronic store discounted the price of a television

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