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# A construction company was paid a total of 50000 for a

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Manager
Joined: 28 Jul 2004
Posts: 135
Location: Melbourne
Schools: Yale SOM, Tuck, Ross, IESE, HEC, Johnson, Booth
A construction company was paid a total of 50000 for a  [#permalink]

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02 Jan 2009, 03:20
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(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 2 sessions

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A construction company was paid a total of 50000 for a construction project. The company's

only cost for the project were for labor and materials. Was the company's profit for the

project greater than \$150,000

(1) The company's total cost was three times its cost for materials
(2) The company's profit was greater than its cost for labor

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kris

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Joined: 17 Jun 2008
Posts: 1474
Re: Profit of the construction company - DS  [#permalink]

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02 Jan 2009, 05:02
Krishnan, did you mean 500,000 in place of 50,000?

With 500,000 I got C as the answer.

From stmt1 alone no idea of profit is available.
From stmt2 alone, no idea of total cost is available.

Combining two, c = cost, l = labor cost, m = material cost.
Then, c = m + l = 3m
or, l = 2m.

Also, 500,000 - c > l
or, 500, 000 > c + l
or, 500,000 > 5m
or, m < 100,000
and l < 200, 000
Hence, c < 300, 000
and profit > 200, 000.
Manager
Joined: 28 Jul 2004
Posts: 135
Location: Melbourne
Schools: Yale SOM, Tuck, Ross, IESE, HEC, Johnson, Booth
Re: Profit of the construction company - DS  [#permalink]

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02 Jan 2009, 21:16
excellent !! thanks a lot
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kris

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Joined: 05 Jul 2008
Posts: 1329
Re: Profit of the construction company - DS  [#permalink]

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03 Jan 2009, 16:05
Yeah got a C too. I realized that 50,000 is actually 500,000

--== Message from GMAT Club Team ==--

This is not a quality discussion. It has been retired.

If you would like to discuss this question please re-post it in the respective forum. Thank you!

To review the GMAT Club's Forums Posting Guidelines, please follow these links: Quantitative | Verbal Please note - we may remove posts that do not follow our posting guidelines. Thank you.
Re: Profit of the construction company - DS &nbs [#permalink] 03 Jan 2009, 16:05
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