Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Nov 2007:30 AM PST
-08:30 AM PST
Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
Nov 2211:00 AM IST
-01:00 PM IST
Do RC/MSR passages scare you? e-GMAT is conducting a masterclass to help you learn – Learn effective reading strategies Tackle difficult RC & MSR with confidence Excel in timed test environment- Nov 23
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Nov 2510:00 AM EST
-11:00 AM EST
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors.
Updated on: 19 Sep 2015, 14:39
Originally posted by BrainLab on 19 Sep 2015, 13:06.
Last edited by ENGRTOMBA2018 on 19 Sep 2015, 14:39, edited 1 time in total.
Last edited by ENGRTOMBA2018 on 19 Sep 2015, 14:39, edited 1 time in total.
Edited the question and renamed the topic
Kudos
Bookmarks
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
90% (01:14) correct
10%
(01:19)
wrong
based on 2523
sessions
History
Date
Time
Result
Not Attempted Yet
Three houses are being sold through a real estate agent. What is the asking price for the house with the second-largest asking price?
(1) The difference between the greatest and the least asking price is $130,000.
(2) The difference between the two greater asking prices is $85,000.
Source: [OG 2016]
(1) The difference between the greatest and the least asking price is $130,000.
(2) The difference between the two greater asking prices is $85,000.
Source: [OG 2016]
ENGRTOMBA2018
Joined: 20 Mar 2014
Last visit: 01 Dec 2021
Posts: 2,325
Given Kudos: 816
Concentration: Finance, Strategy
Schools: Kellogg '18 (M)
GMAT 1: 750 Q49 V44
GPA: 3.7
WE:Engineering (Aerospace and Defense)
Products:
19 Sep 2015, 14:48
Kudos
Bookmarks
BrainLab
Let the 3 houses be a,b and c with a<b<c. Per the question, b=?
Per statement 1, c-a=130000, no information about 'b'. Not sufficient.
Per statement 2, c-b=85000, no unique information about 'b'. Not sufficient.
Combining the 2 statements, c-a=130000 and c-b=85000, we have 2 unique equations and 3 variables. We will not be able to find 1 unique value of 'b'. Thus E is the correct answer.
19 Dec 2017, 08:10
Kudos
Bookmarks
BrainLab
We can let a = the lowest asking price, b = the second-largest asking price, and c = the largest asking price.
We need to determine b.
Statement One Alone:
The difference between the greatest and the least asking price is $130,000.
Thus, c - a = 130,000; however, we cannot determine b. Statement one alone is not sufficient to answer the question.
Statement Two Alone:
The difference between the two greater asking prices is $85,000.
Thus c - b = 85,000. However, without knowing the value of c, statement two alone is not sufficient to answer the question.
Statements One and Two Together:
We have:
c - a = 130,000
and
c - b = 85,000
Even with these two equations, we still cannot determine b.
Answer: E
