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

It is currently 30 Apr 2016, 05:29
GMAT Club Tests

Close

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

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

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

What was the total amount of revenue that a theater received

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Manager
Manager
avatar
Joined: 02 Dec 2012
Posts: 178
Followers: 3

Kudos [?]: 1534 [0], given: 0

What was the total amount of revenue that a theater received [#permalink]

Show Tags

New post 14 Dec 2012, 09:16
5
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

73% (01:53) correct 27% (00:41) wrong based on 446 sessions

HideShow timer Statictics

What was the total amount of revenue that a theater received from the sale of 400 tickets, some of which were sold at x percent of full price and the rest of which were sold at full price?

(1) x = 50
(2) Full-price tickets sold for $20 each.
[Reveal] Spoiler: OA
Expert Post
1 KUDOS received
Math Expert
User avatar
Joined: 02 Sep 2009
Posts: 32549
Followers: 5627

Kudos [?]: 68268 [1] , given: 9797

Re: What was the total amount of revenue that a theater received [#permalink]

Show Tags

New post 14 Dec 2012, 09:22
1
This post received
KUDOS
Expert's post
1
This post was
BOOKMARKED
What was the total amount of revenue that a theater received from the sale of 400 tickets, some of which were sold at x percent of full price and the rest of which were sold at full price?

To answer the question we should know:
(i) The number of tickets sold at a regular price;
(ii) The number of tickets sold at a reduced price;
(iii) The price of a regular ticket;
(iiii) The price of a reduced ticket.

(1) x = 50. Not sufficient.
(2) Full-price tickets sold for $20 each. We know (iii) only. Not sufficient.

(1)+(2) We only know (iii) and (iiii). Not sufficient.

Answer; E.
_________________

New to the Math Forum?
Please read this: All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Manager
Manager
User avatar
Joined: 12 Jan 2013
Posts: 244
Followers: 4

Kudos [?]: 52 [0], given: 47

GMAT ToolKit User
Re: What was the total amount of revenue that a theater received [#permalink]

Show Tags

New post 10 Jan 2014, 10:26
Walkabout wrote:
What was the total amount of revenue that a theater received from the sale of 400 tickets, some of which were sold at x percent of full price and the rest of which were sold at full price?

(1) x = 50
(2) Full-price tickets sold for $20 each.



We are given A*(x/100 *y) + B*y = TR, and A + B = 400... Where A, B are the two types of tickets (full vs non-full price), and x is the percent of the full price (y).


1) Only solves for x, we still don't know A, B or y and thus we cannot solve for TR. Insufficient
2) Gives us y, but we don't know the value of x, A or B.. Insufficient


1 + 2: We've solved for the prices, but we don't know how many tickets have been sold for the reduced price.. 399 of the 400 could've been sold for half the price and then we would get a different TR than if 399 were sold at full price.. So, E.
Senior Manager
Senior Manager
avatar
Joined: 29 Oct 2013
Posts: 277
Concentration: Finance
Schools: Cornell AMBA'17
GMAT 1: 750 Q V
GPA: 3.7
WE: Corporate Finance (Retail Banking)
Followers: 13

Kudos [?]: 293 [0], given: 179

GMAT ToolKit User
What was the total amount of revenue that a theater received [#permalink]

Show Tags

New post 28 May 2014, 23:27
Let full price=F and no of tickets sold at full price=n

We need know the value of n*F+(400-n)*(x/100)F

1) gives value of only x. INSUF
2) gives value of only F. INSUF

1+2 --> give value of only x and F we still need 'n' INSUF
Ans E
_________________

Please consider giving 'kudos' if you like my post and want to thank :)

What was the total amount of revenue that a theater received   [#permalink] 28 May 2014, 23:27
    Similar topics Author Replies Last post
Similar
Topics:
2 Experts publish their posts in the topic The total amount that John paid at a certain restaurant garsoltero 1 26 Sep 2015, 12:56
1 Experts publish their posts in the topic What was the revenue that a theater received from the sale Walkabout 3 14 Dec 2012, 05:30
11 Experts publish their posts in the topic A total of 20 amounts are entered on a spreadsheet that has wizard 6 02 Mar 2012, 03:54
4 A certain bank has ten branches. What is the total amount of enigma123 4 18 Nov 2011, 14:00
what was the revenue that a theater received from the sale xmagedo 3 28 Jul 2010, 07:48
Display posts from previous: Sort by

What was the total amount of revenue that a theater received

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

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®.