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Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.
A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?
(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.
(2) If the selling price per mannequin had been $2 more, the store's gross profit on the total would have been $440.
(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.
(2) If the selling price per mannequin had been $2 more, the store's gross profit on the total would have been $440.
- 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;
- 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 are needed.
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Directions: Each Data Sufficiency problem consists of a question and t...
The correct response is (B). This question asks about gross profit, which we know is derived from subtracting the total cost from the total selling price. If we know the cost of each mannequin and the selling price of each mannequin we can determine the designer’s gross profit. From the given information, we can write the following equation: P = 20 (s – c), where s = selling price and c = cost. So either we’ll need a value for s and a value for c, or we’ll need the value of (s – c).
Statement (1) tells us that $2400 = (20(2s – c)) or 2400 = 40s – 20c. We can divide both sides by 20 and simplify the equation to get: 120 = 2s – c. We still don’t know s and c. Insufficient.
Statement (2) tells us that 440 = 20(s + 2 – c). Let’s simplify:
440 = 20s + 40 – 20c
400 = 20s – 20c
400 = 20 (s – c)
440 = 20s + 40 – 20c
400 = 20s – 20c
400 = 20 (s – c)
Sufficient. Even though we didn’t solve for s and c separately, we were able to find the value of (s – c).
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Community Answer
Directions: Each Data Sufficiency problem consists of a question and t...
Statement 1:
- If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.
- This statement alone is not sufficient to determine the original selling price or the gross profit.
Statement 2:
- If the selling price per mannequin had been $2 more, the store's gross profit on the total would have been $440.
- This statement alone is also not sufficient to calculate the original selling price or the gross profit.
Explanation:
- From statement 1, we know that doubling the selling price would result in a gross profit of $2400, but without the original selling price, we cannot determine the gross profit.
- Similarly, from statement 2, we know that increasing the selling price by $2 would result in a gross profit of $440, but again, we need to know the original selling price to find the gross profit.
Therefore, neither statement alone is sufficient to answer the question. However, combining both statements would provide enough information to calculate the original selling price and the gross profit. Thus, the correct answer is option 'B'.
- If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.
- This statement alone is not sufficient to determine the original selling price or the gross profit.
Statement 2:
- If the selling price per mannequin had been $2 more, the store's gross profit on the total would have been $440.
- This statement alone is also not sufficient to calculate the original selling price or the gross profit.
Explanation:
- From statement 1, we know that doubling the selling price would result in a gross profit of $2400, but without the original selling price, we cannot determine the gross profit.
- Similarly, from statement 2, we know that increasing the selling price by $2 would result in a gross profit of $440, but again, we need to know the original selling price to find the gross profit.
Therefore, neither statement alone is sufficient to answer the question. However, combining both statements would provide enough information to calculate the original selling price and the gross profit. Thus, the correct answer is option 'B'.
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Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer?
Question Description
Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. 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 Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer?.
Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. 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 Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT.
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Here you can find the meaning of Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A designer purchased 20 mannequins that each cost an equal amount and then sold each one at a constant price. What was the designer’s gross profit on the sale of the 20 mannequins?(1) If the selling price per mannequin had been double what it was, the gross profit on the total would have been $2400.(2) If the selling price per mannequin had been $2 more, the stores gross profit on the total would have been $440.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;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 are needed.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice GMAT tests.
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