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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

During a one day sale, a store sold each sweater of a [#permalink]

Show Tags

01 Feb 2008, 13:14

00:00

A

B

C

D

E

Difficulty:

45% (medium)

Question Stats:

67% (02:09) correct
33% (01:19) wrong based on 88 sessions

HideShow timer Statistics

During a one day sale, a store sold each sweater of a certain type for $30 more than the store's cost to purchase each sweater. how many of those sweaters were sold during the sale?

1) During the sale the total revenue from sale of these sweaters was $270 2) During the sale, the store sold each of these sweaters at a price that was 50% greater than the store's cost to purchase each sweater.

Re: During a one day sale, a store sold each sweater of a [#permalink]

Show Tags

01 Feb 2008, 13:27

netcaesar wrote:

During a one day sale, a store sold each sweater of a certain type for $30 more than the store's cost to purchase each sweater. how many of those sweaters were sold during the sale?

1) During the sale the total revenue from sale of these sweaters was $270 2) During the sale, the store sold each of these sweaters at a price that was 50% greater than the store's cost to purchase each sweater.

1) insufficient -> total revenue $270, number of sweaters is greater than 9, no info about sweater price 2) insufficient -> cost of sweaters is $60, retail price $90, no total revenue info

Re: During a one day sale, a store sold each sweater of a [#permalink]

Show Tags

01 Feb 2008, 14:59

2

This post received KUDOS

netcaesar wrote:

During a one day sale, a store sold each sweater of a certain type for $30 more than the store's cost to purchase each sweater. how many of those sweaters were sold during the sale?

1) During the sale the total revenue from sale of these sweaters was $270 2) During the sale, the store sold each of these sweaters at a price that was 50% greater than the store's cost to purchase each sweater.

(C)

Sale price = $30 + Cost price, or S = $30 + C

1) Insufficient. Each sweater could have been sold for 60 or 230. If n sweaters were sold, we have n*S = 270

2) Insufficient. 50% greater = $30, hence or S = 1.5*C Plugging this in the first equation, we get S = 90, C = 60. But we still don't have n.

Combining (1) & (2): n*90 = 270 or n = 3 _________________

Re: During a one day sale, a store sold each sweater of a [#permalink]

Show Tags

01 Feb 2008, 15:02

netcaesar wrote:

During a one day sale, a store sold each sweater of a certain type for $30 more than the store's cost to purchase each sweater. how many of those sweaters were sold during the sale?

1) During the sale the total revenue from sale of these sweaters was $270 2) During the sale, the store sold each of these sweaters at a price that was 50% greater than the store's cost to purchase each sweater.

1: revenue = profits - cost. 270$=(x+30)z z is the number of sweaters.

we have two unknowns and only 1 equation insuff.

2: x= cost. x+30=1.5x --> x=60 Thus total price is 90$. Insuff though b/c we dont know the revenue.

Re: During a one day sale, a store sold each sweater of a [#permalink]

Show Tags

07 Sep 2010, 14:19

I didn't follow this one. could someone explain this? _________________

But there’s something in me that just keeps going on. I think it has something to do with tomorrow, that there is always one, and that everything can change when it comes. http://aimingformba.blogspot.com

I didn't follow this one. could someone explain this?

During a one day sale, a store sold each sweater of a certain type for $30 more than the store's cost to purchase each sweater. How many of thses sweaters were sold during the sale?

(1) During the sale, the total revenue from the sale of these sweaters was $270.

(2) During the sale, the store sold each of these sweaters at a price that was 50% greater than the store's cost to purchase each sweater.

Given: \(p=c+30\)

(1) Revenue = price * # of sweaters sold --> \(270=p*n=(c+30)n\). Not sufficient to determine \(n\).

(2) \(p=1.5c=c+30\) --> \(c=60\). Not sufficient.

(1)+(2) \(c=60\) and \(270=(c+30)n=90n\) --> \(n=3\). Sufficient.

Re: During a one day sale, a store sold each sweater of a [#permalink]

Show Tags

25 Feb 2015, 07:11

Bunuel wrote:

aiming4mba wrote:

I didn't follow this one. could someone explain this?

During a one day sale, a store sold each sweater of a certain type for $30 more than the store's cost to purchase each sweater. How many of thses sweaters were sold during the sale?

(1) During the sale, the total revenue from the sale of these sweaters was $270.

(2) During the sale, the store sold each of these sweaters at a price that was 50% greater than the store's cost to purchase each sweater.

Given: \(p=c+30\)

(1) Revenue = price * # of sweaters sold --> \(270=p*n=(c+30)n\). Not sufficient to determine \(n\).

(2) \(p=1.5c=c+30\) --> \(c=60\). Not sufficient.

(1)+(2) \(c=60\) and \(270=(c+30)n=90n\) --> \(n=3\). Sufficient.

Answer: C.

Dear Bunuel,I follow the below way to answer the above question and I do not know what is the wrong in my way?

we have that (Selling price per unit) - (Cost price per unit) = (Gross profit from one unit)= 30

270= (Selling price per unit - Cost price per unit)*# of sweaters sold

This is the kickoff for my 2016-2017 application season. After a summer of introspect and debate I have decided to relaunch my b-school application journey. Why would anyone want...

Check out this awesome article about Anderson on Poets Quants, http://poetsandquants.com/2015/01/02/uclas-anderson-school-morphs-into-a-friendly-tech-hub/ . Anderson is a great place! Sorry for the lack of updates recently. I...

Sometimes Mom comes into town, you meet her at the airport to surprise her. Shenanigans ensue. You grab dinner and chat. You don’t write a long blog post that...