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:

0% (00:00) correct
0% (00:00) wrong based on 0 sessions

HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

Mike bought 100 goldfish for $14 each from his pet supplier. He gave 30 of them to his friends and sold the others at his pet store. The goldfish will each be sold at what price, so his income is 1.3 times the cost of the 100 goldfish?

Mike bought 100 goldfish for $14 each from his pet supplier. He gave 30 of them to his friends and sold the others at his pet store. The goldfish will each be sold at what price, so his income is 1.3 times the cost of the 100 goldfish?

I think income here means Total Sale at Pet Store- Cost of buying

Total Cost of buying= 1400
Income = 1820

Total Sale at Pet store = 1400 + 1820 = 3220

So sale price = 3220/70 = 46

joemama142000, correct me with the OA if I have misunderstood the question. _________________

46 it is......
READ...READ...READ...........I feel like jumping off the bay bridge...
Dang ! I need to pay close attention to the wording....

ps_dahiya wrote:

joemama142000 wrote:

Mike bought 100 goldfish for $14 each from his pet supplier. He gave 30 of them to his friends and sold the others at his pet store. The goldfish will each be sold at what price, so his income is 1.3 times the cost of the 100 goldfish?

I think income here means Total Sale at Pet Store- Cost of buying

Total Cost of buying= 1400 Income = 1820

Total Sale at Pet store = 1400 + 1820 = 3220

So sale price = 3220/70 = 46

joemama142000, correct me with the OA if I have misunderstood the question.

46 it is...... READ...READ...READ...........I feel like jumping off the bay bridge... Dang ! I need to pay close attention to the wording....

ps_dahiya wrote:

joemama142000 wrote:

Mike bought 100 goldfish for $14 each from his pet supplier. He gave 30 of them to his friends and sold the others at his pet store. The goldfish will each be sold at what price, so his income is 1.3 times the cost of the 100 goldfish?

I think income here means Total Sale at Pet Store- Cost of buying

Total Cost of buying= 1400 Income = 1820

Total Sale at Pet store = 1400 + 1820 = 3220

So sale price = 3220/70 = 46

joemama142000, correct me with the OA if I have misunderstood the question.

You are not alone. We all are like that. Thats the reason we all are here to learn from each other.

BTW, it seems you are from Bay Area, CA. _________________

Yes, I am from the bay area. Looks like you are well on your way...when do you plan to take the GMAT CAT ? I am thinking of March.....planning to take one test a week till then and see where I am at.

ps_dahiya wrote:

lhotseface wrote:

46 it is...... READ...READ...READ...........I feel like jumping off the bay bridge... Dang ! I need to pay close attention to the wording....

ps_dahiya wrote:

joemama142000 wrote:

Mike bought 100 goldfish for $14 each from his pet supplier. He gave 30 of them to his friends and sold the others at his pet store. The goldfish will each be sold at what price, so his income is 1.3 times the cost of the 100 goldfish?

I think income here means Total Sale at Pet Store- Cost of buying

Total Cost of buying= 1400 Income = 1820

Total Sale at Pet store = 1400 + 1820 = 3220

So sale price = 3220/70 = 46

joemama142000, correct me with the OA if I have misunderstood the question.

You are not alone. We all are like that. Thats the reason we all are here to learn from each other.

Mike bought 100 goldfish for $14 each from his pet supplier. He gave 30 of them to his friends and sold the others at his pet store. The goldfish will each be sold at what price, so his income is 1.3 times the cost of the 100 goldfish?

I think income here means Total Sale at Pet Store- Cost of buying

Total Cost of buying= 1400 Income = 1820

Total Sale at Pet store = 1400 + 1820 = 3220

So sale price = 3220/70 = 46

joemama142000, correct me with the OA if I have misunderstood the question.

Total Sale at Pet store = 1400 + 1820 = 3220
Your mistake is here why do you need to sumarize income of pet supplier and Mike's Pet store? _________________