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 Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

Suppose original Price was 100. So Price after increase by X% = 100 + X Price after decrease by Y% = 100 + X - Y - XY/100

New Price - Old Price = 100 + X - Y -XY/100 - 100 = X - Y -XY/100

So we need to answer whether or not this entity is +ve or negative X - Y -XY/100

Statement 1: Say X=0.2,Y=0.1 So Entity = 0.1 - .0002 = +ve entity Say X=100, Y=1, so Entity = 99 - 1 = +ve entity

So question can be Answered with A

Statement 2: It is nothing but restatement of statement 1 with 1 fix value. So this also answers the questions.

Question can be answered with both the statements alone. (D)

OA is E. if x is much bigger than y, the new price would be higher than the original, otherwise it wouldn't. this reasoning is true both for 1 and 2. try out.

Suppose original Price was 100. So Price after increase by X% = 100 + X Price after decrease by Y% = 100 + X - Y - XY/100

New Price - Old Price = 100 + X - Y -XY/100 - 100 = X - Y -XY/100

So we need to answer whether or not this entity is +ve or negative X - Y -XY/100

Statement 1: Say X=0.2,Y=0.1 So Entity = 0.1 - .0002 = +ve entity Say X=100, Y=1, so Entity = 99 - 1 = +ve entity

So question can be Answered with A

Statement 2: It is nothing but restatement of statement 1 with 1 fix value. So this also answers the questions.

Question can be answered with both the statements alone. (D)

OA is E. if x is much bigger than y, the new price would be higher than the original, otherwise it wouldn't. this reasoning is true both for 1 and 2. try out.

Lets take original price = 100 and x=50 y=40 new price = 1.50x 100x 0.60= 90 hence less than original suppose x=80 y= 10 new price = 1.80x 100x .90= 162 more than original This is true for both the statements so answer E

Re: The price was increased by x % and then decreased by y %. Is [#permalink]

Show Tags

26 Jul 2012, 02:54

In this question, statement 2 is basically telling the same thing as stat 1 ( because both x and y need to positive numbers - negative values of x and y doesn't make sense in this case and we know that when both x and y are positive and x = 1.2y then we also know that x>y)

Wouldn't that mean that stat 2 is insuff since it is conveying the same info as 1 and the moment we are done testing 1 we can see how the answer is (E)

Re: The price was increased by x % and then decreased by y %. Is [#permalink]

Show Tags

26 Aug 2016, 19:16

Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________