GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 16 Dec 2018, 07:16

### 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 December
PrevNext
SuMoTuWeThFrSa
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345
Open Detailed Calendar
• ### Free GMAT Prep Hour

December 16, 2018

December 16, 2018

03:00 PM EST

04:00 PM EST

Strategies and techniques for approaching featured GMAT topics
• ### FREE Quant Workshop by e-GMAT!

December 16, 2018

December 16, 2018

07:00 AM PST

09:00 AM PST

Get personalized insights on how to achieve your Target Quant Score.

# A factory produces one type of widget

Author Message
TAGS:

### Hide Tags

Manager
Joined: 22 Nov 2016
Posts: 211
Location: United States
GPA: 3.4
A factory produces one type of widget  [#permalink]

### Show Tags

26 Jul 2017, 13:54
4
A factory produces one type of widget. This month, the factory raised the price of each widget to X% of the original price. However, the factory only sold Y% as many widgets as last month, and the total revenue from the sale of widgets was equal for last month and this month.

In the table, identify the values of X and Y that are consistent with the information provided. Make only two selections, one in each column.

Attachment:

Screen Shot 2017-07-26 at 2.53.06 PM.png [ 23.76 KiB | Viewed 2558 times ]

_________________

Kudosity killed the cat but your kudos can save it.

Intern
Joined: 28 Dec 2010
Posts: 49
Re: A factory produces one type of widget  [#permalink]

### Show Tags

14 Oct 2017, 20:46
4
1
This is pretty simple. Lets say original price is 1 and he sold 1 unit.

Price is raised to x% of original price, new price = x/100
Qty decreased to y%, new quantity = y/100

Also, x > 100 (since price is increased) and y <100 (since qty is decreased)

new price * new qty = old revenue
$$xy/10000 = 1$$
$$xy =10000$$

Try x = 150, you would get y = 66.66
Now try x = 160, you would get y = 62.5
_________________

_________________________________________

Manager
Joined: 05 Mar 2017
Posts: 190
Concentration: Operations, General Management
Re: A factory produces one type of widget  [#permalink]

### Show Tags

12 May 2018, 22:53
Abhishiek wrote:
This is pretty simple. Lets say original price is 1 and he sold 1 unit.

Price is raised to x% of original price, new price = x/100
Qty decreased to y%, new quantity = y/100

Also, x > 100 (since price is increased) and y <100 (since qty is decreased)

new price * new qty = old revenue
$$xy/10000 = 1$$
$$xy =10000$$

Try x = 150, you would get y = 66.66
Now try x = 160, you would get y = 62.5

Since the price is raised to x%, shouldn't it be 1+(x/100), 1 being the example u quoted.
Re: A factory produces one type of widget &nbs [#permalink] 12 May 2018, 22:53
Display posts from previous: Sort by

# A factory produces one type of widget

Moderators: chetan2u, Bunuel

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne 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®.