shoe retailer : Quant Question Archive [LOCKED]
Check GMAT Club Decision Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

 It is currently 19 Jan 2017, 08:18

### 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

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

# shoe retailer

Author Message
Senior Manager
Joined: 30 May 2005
Posts: 276
Followers: 1

Kudos [?]: 35 [0], given: 0

### Show Tags

14 Jun 2005, 05:22
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

. hello
how do you approach this one
thanks
In 1985 a company sold a brand of shoes to retailers for a fixed price per pair. In 1986 the number of pairs of the shoes that the company sold to retailers decreased by 20 percent, while the price per pair increased by 20 percent. If the companyâ€™s revenue from the sale of the shoes in 1986 was $3.0 million, what was the approximate revenue from the sale of the shoes in 1985 ? (A)$2.4 million
(B) $2.9 million (C)$3.0 million
(D) $3.1 million (E)$3.6 million
Manager
Joined: 06 Apr 2005
Posts: 53
Location: Germany
Followers: 0

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

### Show Tags

14 Jun 2005, 06:03
mandy the answer will be either A or B not sure which one but the answer will be less then choice C
Senior Manager
Joined: 17 Apr 2005
Posts: 375
Location: India
Followers: 1

Kudos [?]: 27 [0], given: 0

### Show Tags

14 Jun 2005, 11:27
mandy wrote:
. hello
how do you approach this one
thanks
In 1985 a company sold a brand of shoes to retailers for a fixed price per pair. In 1986 the number of pairs of the shoes that the company sold to retailers decreased by 20 percent, while the price per pair increased by 20 percent. If the companyâ€™s revenue from the sale of the shoes in 1986 was $3.0 million, what was the approximate revenue from the sale of the shoes in 1985 ? (A)$2.4 million
(B) $2.9 million (C)$3.0 million
(D) $3.1 million (E)$3.6 million

let x be the no. of pairs and y be the price per pair in '85.
then in '86 the no of pairs in .8x and the price is 1.2 y,
i.e (.8x)*(1.2y) = 3 million, or (.96)xy = 3 million.
we want the revenue in '85 ie xy. so use the above to get it.

HMTG.
Re: shoe retailer   [#permalink] 14 Jun 2005, 11:27
Display posts from previous: Sort by