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PersonA bought a Camera at an electronics show with the intention of reselling it at a 30% profit. However, he misjudged the value of the Camera and could only sell it at a 35% loss. If PersonA decided to sell the Camera for $728, how much did he actually sell it for?

I found this problem from a GRE Question pattern, I do find the answer. I am trying to find easiest and quickest method to solve these kind of problems. We are restricted to time duration on solving critical reasoning problems.

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  • $\begingroup$ Thank @anon for tagging it correctly ! $\endgroup$
    – goofyui
    Mar 27, 2012 at 20:13

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The intended selling price was $728$. This is $1.3$ times the buying price. So the buying price was $\dfrac{728}{1.3}$. The selling price was buying price times $0.65$, that is, $\dfrac{728}{1.3}\times 0.65$. But $0.65$ is half of $1.3$, so we just divide $728$ by $2$, getting $364$.

Remark: One should not start to multiply, divide too early, since problem-setters often arrange for convenient cancellations. Even when there are not, premature calculation is not a good idea, for it turns something that has structure into a jumble of digits.

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  • $\begingroup$ Remark seconded. $\endgroup$ Mar 27, 2012 at 20:17
  • $\begingroup$ @Andre thanks , your step took me less than a min to come into conclussion $\endgroup$
    – goofyui
    Mar 27, 2012 at 20:17

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