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22 Oct 2019, 09:44
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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95% (00:35) correct
5%
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The retail price of a certain refrigerator is 1.6 times its wholesale price. What is the difference between the retail price and the wholesale price of the refrigerator?
(1) The wholesale price of the refrigerator is $200.
(2) The retail price of the refrigerator is $320.
(1) The wholesale price of the refrigerator is $200.
(2) The retail price of the refrigerator is $320.
sampriya
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Joined: 23 Nov 2018
Last visit: 25 Nov 2022
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Location: India
Schools: Schulich Sept '23 HEC Jan'22 Intake (D) INSEAD Jan 22 intake Erasmus RSM "22 (D) Ivey '22 (D) ISB '23 (I) NUS '23 (D)
GMAT 1: 710 Q48 V39
GPA: 2.88
Products:
Schools: Schulich Sept '23 HEC Jan'22 Intake (D) INSEAD Jan 22 intake Erasmus RSM "22 (D) Ivey '22 (D) ISB '23 (I) NUS '23 (D)
GMAT 1: 710 Q48 V39
Posts: 302
01 Nov 2019, 00:03
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Ans) R.P= Retail price, W.P=wholesaleprice
given : R.P= 6(W.P)
R.P-W.P= ?
a)6W.P-W.P= 5 W.P=?
OR
b) 5/6(R.P)=?
we need either the whole sale price or the retail price
evaluating option A
(1) The wholesale price of the refrigerator is $200.
W.P= 200 => R.P-W.P=5W.P
5(200)=1000- SUFFICIENT
(2) The retail price of the refrigerator is $320.
R.P=320=>R.P-W.P=5/6(R.P)
5/6(320)-- ONE VALUE SUFFICIENT
D is the answer!!!
given : R.P= 6(W.P)
R.P-W.P= ?
a)6W.P-W.P= 5 W.P=?
OR
b) 5/6(R.P)=?
we need either the whole sale price or the retail price
evaluating option A
(1) The wholesale price of the refrigerator is $200.
W.P= 200 => R.P-W.P=5W.P
5(200)=1000- SUFFICIENT
(2) The retail price of the refrigerator is $320.
R.P=320=>R.P-W.P=5/6(R.P)
5/6(320)-- ONE VALUE SUFFICIENT
D is the answer!!!
16 Jul 2023, 21:39
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Hello from the GMAT Club BumpBot!
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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).
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