Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 04 May 2015, 06:43

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Average price

 Question banks Downloads My Bookmarks Reviews Important topics
Author Message
TAGS:
Intern
Joined: 29 Sep 2009
Posts: 16
Followers: 0

Kudos [?]: 8 [0], given: 3

Average price [#permalink]  06 Oct 2009, 23:28
00:00

Difficulty:

(N/A)

Question Stats:

100% (00:00) correct 0% (00:00) wrong based on 1 sessions
Q.14/ If 65% laptops A were sold at prices between $200 and$250, 30% laptops B were sold at prices between $450 and$500, 5% laptops C were sold at prices between $3,000 and$3,100. Which of the following could be the average (arithmetic mean) of the prices of all laptops sold?

A/ $240 B/$320
C/ $410 D/$440
E/ $510 Director Joined: 04 Jan 2008 Posts: 919 Followers: 57 Kudos [?]: 244 [1] , given: 17 Re: Average price [#permalink] 06 Oct 2009, 23:41 1 This post received KUDOS its a Weighted Average is it D?440 I am getting 441.25 .65(225)+.30(475)+.05(3050) andrewng wrote: Q.14/ If 65% laptops A were sold at prices between$200 and $250, 30% laptops B were sold at prices between$450 and $500, 5% laptops C were sold at prices between$3,000 and $3,100. Which of the following could be the average (arithmetic mean) of the prices of all laptops sold? A/$240
B/ $320 C/$410
D/ $440 E/$510

_________________
Manager
Joined: 18 Jul 2009
Posts: 170
Location: India
Schools: South Asian B-schools
Followers: 2

Kudos [?]: 64 [0], given: 37

Re: Average price [#permalink]  07 Oct 2009, 03:00
good explination nitya38...OA D
_________________

Bhushan S.
If you like my post....Consider it for Kudos

Verbal Forum Moderator
Joined: 02 Aug 2009
Posts: 866
Followers: 22

Kudos [?]: 330 [0], given: 16

Re: Average price [#permalink]  07 Oct 2009, 03:25
D
max avg by taking max costs is 467.50.....lly min avg possible is 415...
only value within the range is 440 ,so the ans
Senior Manager
Joined: 18 Sep 2009
Posts: 372
Followers: 3

Kudos [?]: 147 [0], given: 2

Re: Average price [#permalink]  07 Oct 2009, 09:58
answer should be D.

65*225+30*475+5*3050 = 14625+14250+15250 =44125

44125/100 =441.25 =440
Re: Average price   [#permalink] 07 Oct 2009, 09:58
Similar topics Replies Last post
Similar
Topics:
Average Price of fruit 2 26 May 2010, 06:26
Average prices of laptops sold 1 02 Oct 2009, 05:35
2 Average Sale Price 5 27 Jul 2009, 13:17
Average price of new house 9 07 Sep 2008, 06:48
1 The automobile company announced that the average price of 12 06 Apr 2007, 00:21
Display posts from previous: Sort by

# Average price

 Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group and phpBB SEO Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.