GMAT Question of the Day : Critical Reasoning
If the price of a magazine is to be doubled, by what percent will the number of magazines sold decrease?
(1) The current price of the magazine is $1.00.
(2) For every $0.25 of increase in price, the number of magazines sold will decrease by 10 percent of the number sold at the current price.
A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
D. EACH statement ALONE is sufficient.
E. Statements (1) and (2) TOGETHER are NOT sufficient.
Written by Take GMAT Team on August 27th, 2008 with
33 comments.
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#1. November 17th, 2006, at 2:12 AM.
C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.