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What is the retail price of a certain calculator? (1) The retail pri

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What is the retail price of a certain calculator? (1) The retail pri  [#permalink]

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New post 26 Jan 2017, 12:16
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90% (00:26) correct 10% (00:35) wrong based on 247 sessions

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What is the retail price of a certain calculator?

(1) The retail price of the calculator is $2.00 more than the wholesale price.
(2) The retail price of the calculator is 50 percent more than the $4.00 wholesale price.

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Re: What is the retail price of a certain calculator? (1) The retail pri  [#permalink]

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New post 26 Jan 2017, 12:42
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anairamitch1804 wrote:
What is the retail price of a certain calculator?

(1) The retail price of the calculator is $2.00 more than the wholesale price.
(2) The retail price of the calculator is 50 percent more than the $4.00 wholesale price.

Please help with above problem.


Target question: What is the retail price of a certain calculator?

Statement 1: The retail price of the calculator is $2.00 more than the wholesale price.
There are several scenarios that satisfy statement 1. Here are two:
Case a: the wholesale price is $1, and the retail price is $3. This satisfies the condition in statement 1. In this case, the retail price is $3
Case b: the wholesale price is $2, and the retail price is $4. This also satisfies the condition in statement 1. In this case, the retail price is $4
Since we cannot answer the target question with certainty, statement 1 is NOT SUFFICIENT

Statement 2: The retail price of the calculator is 50 percent more than the $4.00 wholesale price
50% of $4.00 is $2.00
So, the retail price of the calculator = $4.00 + $2.00 = $6.00
Since we can answer the target question with certainty, statement 2 is SUFFICIENT

Answer: B

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Brent
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Re: What is the retail price of a certain calculator? (1) The retail pri  [#permalink]

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New post 26 Jan 2017, 19:31
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(1)The difference between the price is given.
But we need to know either wholesale price or the %increase based on which we can calculate the retail price. Hence Insufficient.

(2) Wholesale price is given as $4.00. % increase is given as 50%. Clearly we can calculate the other price. Sufficient.
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Re: What is the retail price of a certain calculator? (1) The retail pri  [#permalink]

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New post 07 Feb 2018, 15:55
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Re: What is the retail price of a certain calculator? (1) The retail pri &nbs [#permalink] 07 Feb 2018, 15:55
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