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mohan514
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How much was the original price of a car, which was sold for 08 Sep 2011, 18:54
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B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

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Question Stats:

75% (00:55) correct 25% (00:59) wrong based on 192 sessions

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How much was the original price of a car, which was sold for $25,000?

(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.
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B
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amit2k9
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How much was the original price of a car, which was sold for 08 Sep 2011, 19:23
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appreciation = increase
thus increase in percentage terms = 1+ (35/100) = 1.35

b original value * (1.35) = 25k

thus original value = 25k/1.35 = 1815.18

sufficient.

a OP > 25k/2 = 12.5k not sufficient.

thus B it is.
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How much was the original price of a car, which was sold for 09 Sep 2011, 04:09
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the answ is B.
stmt 1 says that Orig.Price > 1/2 *Sale price

stmt 2 is sufficient
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How much was the original price of a car, which was sold for 14 Sep 2011, 10:11
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whats the OA and source? my guess was E.

A as explained above.

B - appreciated 35% from its original value? How are we to know that $25k is the appreciated value from the original AND the amount sold? Example, if the car was originally $15k the appreciated value (35%) would be $20,250 but the car can still be sold at $25k.

Am I reading too much into this?
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How much was the original price of a car, which was sold for 14 Sep 2011, 10:42
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Answer is B IMO.
Statement 1 results in infinite answers.
Statement 2 is sufficient.
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How much was the original price of a car, which was sold for 14 Sep 2011, 13:07
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IMOB......

The original value can be determined from the Sold price - appreciated value....
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How much was the original price of a car, which was sold for 17 Sep 2011, 02:46
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mohan514
5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.
Show more

It should be "B" if we assume that the car is sold at its current market value. Say, the current value of my home is 450,000. It doesn't mean I sell it for 450,000. I may sell it for 400,000 or 500,000. Not a well written question if the author wants the OA to be B.

Selling Price=25000
Original=?

(1)
12500<Original Price<25000
Not Sufficient.

(2)
1.35(Original Price)=25000
Original Price= 25000/1.35
Sufficient.

Ans: "B"
********************************

But, if we consider the statements as is.

Ans: "E"
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How much was the original price of a car, which was sold for 17 Sep 2011, 11:16
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IMO B, but yes as written by fluke it can be E as well. If we take the statement as is.
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How much was the original price of a car, which was sold for 17 Sep 2011, 13:18
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fluke
mohan514
5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

It should be "B" if we assume that the car is sold at its current market value. Say, the current value of my home is 450,000. It doesn't mean I sell it for 450,000. I may sell it for 400,000 or 500,000. Not a well written question if the author wants the OA to be B.

Selling Price=25000
Original=?

(1)
12500<Original Price<25000
Not Sufficient.

(2)
1.35(Original Price)=25000
Original Price= 25000/1.35
Sufficient.

Ans: "B"
********************************

But, if we consider the statements as is.

Ans: "E"
Show more

@fluke- I'll consider your latter option and agree with "E" because it doesn't say that "appreciated value" is "Sell value" of the car in (2).
Cheers!
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How much was the original price of a car, which was sold for 19 Sep 2011, 22:22
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fluke
mohan514
5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

It should be "B" if we assume that the car is sold at its current market value. Say, the current value of my home is 450,000. It doesn't mean I sell it for 450,000. I may sell it for 400,000 or 500,000. Not a well written question if the author wants the OA to be B.

Selling Price=25000
Original=?

(1)
12500<Original Price<25000
Not Sufficient.

(2)
1.35(Original Price)=25000
Original Price= 25000/1.35
Sufficient.

Ans: "B"
********************************

But, if we consider the statements as is.

Ans: "E"
Show more

Thanks for the explanation
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How much was the original price of a car, which was sold for 20 Sep 2011, 03:31
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I initially went with B but if we are suppose to take the true meaning of appreciated, then the answer is E. Current market value does not necessarily equal selling price.
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How much was the original price of a car, which was sold for 17 Oct 2013, 07:17
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mohan514
5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

what does appreciation stand for
please explain
Show more

Hey guys, what do you think on the language of Statement 2?
For me, it is a clear E
Why should we assume that the current market value is the same as the price it was sold for?

What does the OA say?

Cheers
J :)
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How much was the original price of a car, which was sold for 17 Oct 2013, 08:23
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jlgdr
mohan514
5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

what does appreciation stand for
please explain

Hey guys, what do you think on the language of Statement 2?
For me, it is a clear E
Why should we assume that the current market value is the same as the price it was sold for?

What does the OA say?

Cheers
J :)
Show more
_________
The OA is B.
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How much was the original price of a car, which was sold for 17 Oct 2013, 09:32
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Bunuel
jlgdr
mohan514
5. How much was the original price of a car, which was sold for $25,000?
(1) The original price was more than half of the price it was sold.
(2) The car has appreciated in value by 35% from its original value.

what does appreciation stand for
please explain

Hey guys, what do you think on the language of Statement 2?
For me, it is a clear E
Why should we assume that the current market value is the same as the price it was sold for?

What does the OA say?

Cheers
J :)
_________
The OA is B.
Show more

Thanks Bunuel, I'm sad to see that it is B.
Is there anything I might me missing from the language used in question stem? Or is it just ambiguous?
Cheers
J :)

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How much was the original price of a car, which was sold for 09 Dec 2025, 05:16
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