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Note, the value of y is not needed to determine the value of the expression ... ...

A dress was initially listed at a price that would have given the store a profit of 20 percent of the wholesale cost. What was the wholesale cost of the dress?

(1) After reducing the asking price by 10 percent, the dress sold for a net profit of 10 dollars.

(2) The dress sold for 50 dollars.


(A) if statement (1) ALONE is sufficient to answer the question but statement (2) alone is not sufficient;
(B) ...
(C) ...
(D) ...
(E) ...

*This question is included in Nova Press: Set A - Intro to Data Sufficiency

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