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The dealer of an electronic store discounted the price of a television and a microwave oven by the same percentage. On which of the two articles did the shopkeeper make a greater profit?
(1) The articles were marked up by the same percentage
(2) The amount of discount was same for both the articles
  • a)
    Statement (1) ALONE is sufficient, but statement (2) alone is
    not sufficient to answer the question asked.
  • b)
    Statement (2) ALONE is sufficient, but statement (1) alone is
    not sufficient to answer the question asked.
  • c)
    BOTH statements (1) and (2) TOGETHER are sufficient to
    answer the question asked, but NEITHER statement ALONE
    is sufficient to answer the question asked
  • d)
    EACH statement ALONE is sufficient to answer the question
    asked.
  • e)
    Statements (1) and (2) TOGETHER are NOT sufficient to
    answer the question asked, and additional data specific to the
    problem are needed.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The dealer of an electronic store discounted the price of a television...
Step 1 & 2: Understand Question and Draw Inference
  • Let’s assume the cost price, selling price and marked price of the television be Ct, St and Mt respectively.
  • Let’s assume the cost price, selling price and marked price of the microwave be Cm, Sm and Mm respectively
  • Let the discount given be d%
Step 3 : Analyze Statement 1 independent
(1) The articles were marked up by the same percentage
  • Let the markup% be m%.
  • So, writing the markup on television and microwave oven in terms of m%, we get:
We do not know for sure if   Insufficient to answer.
Step 4 : Analyze Statement 2 independent
(2) The amount of discount was same for both the articles 
  • Substituting in inequality (1), we have
We do not know for sure if   Insufficient to answer
Step 5: Analyze Both Statements Together (if needed)
Combining both the statements, we have C = C . Hence, the only possible case is Pt = pm . Hence the shopkeeper made equal profit on both the items.
Sufficient to answer.
Answer : C
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The dealer of an electronic store discounted the price of a television and a microwave oven by the same percentage. On which of the two articles did the shopkeeper make a greater profit?(1) The articles were marked up by the same percentage(2) The amount of discount was same for both the articlesa)Statement (1) ALONE is sufficient, but statement (2) alone isnot sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone isnot sufficient to answer the question asked.c)BOTH statements (1) and (2) TOGETHER are sufficient toanswer the question asked, but NEITHER statement ALONEis sufficient to answer the question askedd)EACH statement ALONE is sufficient to answer the questionasked.e)Statements (1) and (2) TOGETHER are NOT sufficient toanswer the question asked, and additional data specific to theproblem are needed.Correct answer is option 'C'. Can you explain this answer?
Question Description
The dealer of an electronic store discounted the price of a television and a microwave oven by the same percentage. On which of the two articles did the shopkeeper make a greater profit?(1) The articles were marked up by the same percentage(2) The amount of discount was same for both the articlesa)Statement (1) ALONE is sufficient, but statement (2) alone isnot sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone isnot sufficient to answer the question asked.c)BOTH statements (1) and (2) TOGETHER are sufficient toanswer the question asked, but NEITHER statement ALONEis sufficient to answer the question askedd)EACH statement ALONE is sufficient to answer the questionasked.e)Statements (1) and (2) TOGETHER are NOT sufficient toanswer the question asked, and additional data specific to theproblem are needed.Correct answer is option 'C'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about The dealer of an electronic store discounted the price of a television and a microwave oven by the same percentage. On which of the two articles did the shopkeeper make a greater profit?(1) The articles were marked up by the same percentage(2) The amount of discount was same for both the articlesa)Statement (1) ALONE is sufficient, but statement (2) alone isnot sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone isnot sufficient to answer the question asked.c)BOTH statements (1) and (2) TOGETHER are sufficient toanswer the question asked, but NEITHER statement ALONEis sufficient to answer the question askedd)EACH statement ALONE is sufficient to answer the questionasked.e)Statements (1) and (2) TOGETHER are NOT sufficient toanswer the question asked, and additional data specific to theproblem are needed.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The dealer of an electronic store discounted the price of a television and a microwave oven by the same percentage. On which of the two articles did the shopkeeper make a greater profit?(1) The articles were marked up by the same percentage(2) The amount of discount was same for both the articlesa)Statement (1) ALONE is sufficient, but statement (2) alone isnot sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone isnot sufficient to answer the question asked.c)BOTH statements (1) and (2) TOGETHER are sufficient toanswer the question asked, but NEITHER statement ALONEis sufficient to answer the question askedd)EACH statement ALONE is sufficient to answer the questionasked.e)Statements (1) and (2) TOGETHER are NOT sufficient toanswer the question asked, and additional data specific to theproblem are needed.Correct answer is option 'C'. Can you explain this answer?.
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