May 20 10:00 PM PDT  11:00 PM PDT Practice the one most important Quant section  Integer Properties, and rapidly improve your skills. May 24 10:00 PM PDT  11:00 PM PDT Join a FREE 1day workshop and learn how to ace the GMAT while keeping your fulltime job. Limited for the first 99 registrants. May 25 07:00 AM PDT  09:00 AM PDT Attend this webinar and master GMAT SC in 10 days by learning how meaning and logic can help you tackle 700+ level SC questions with ease. May 27 01:00 AM PDT  11:59 PM PDT All GMAT Club Tests are free and open on May 27th for Memorial Day!
Author 
Message 
TAGS:

Hide Tags

Board of Directors
Joined: 01 Sep 2010
Posts: 3388

A furniture store sells only two models or desks, model A and model B
[#permalink]
Show Tags
25 May 2017, 13:28
Question Stats:
89% (02:03) correct 11% (02:47) wrong based on 103 sessions
HideShow timer Statistics
A furniture store sells only two models or desks, model A and model B The selling price of model A is $120, which is 30 percent of the selling price of model B If the furniture store sells 2,000 desks, \(\frac{3}{4}\) of which are model B, what is the furniture store's total revenue from the sale of desks? (A) $114,000 (B) $186,000 (C) $294,000 (D) $380,000 (E) $660,000
Official Answer and Stats are available only to registered users. Register/ Login.
_________________



Math Expert
Joined: 02 Sep 2009
Posts: 55188

Re: A furniture store sells only two models or desks, model A and model B
[#permalink]
Show Tags
25 May 2017, 13:41
carcass wrote: A furniture store sells only two models or desks, model A and model B The selling price of model A is $120, which is 30 percent of the selling price of model B If the furniture store sells 2,000 desks, \(\frac{3}{4}\) of which are model B, what is the furniture store's total revenue from the sale of desks?
(A) $114,000
(B) $186,000
(C) $294,000
(D) $380,000
(E) $660,000 (the price of model B)*3/10 = $120; (the price of model B) = $400. Out of 2000 desks \(\frac{3}{4}*2000=1500\) were model B and the remaining 500 were model A. Total revenue = 120*500 + 400*1500 = $660,000. Answer: E.
_________________



Senior Manager
Joined: 07 Jul 2012
Posts: 376
Location: India
Concentration: Finance, Accounting
GPA: 3.5

Re: A furniture store sells only two models or desks, model A and model B
[#permalink]
Show Tags
25 May 2017, 19:32
Selling price of Model A= $120 Selling price of Model B= 120*\(\frac{100}{30}\)= $400 No of desks of Model B sold= \(\frac{3}{4}\)*2000= 1500 No of desks of Model A sold= 20001500= 500 Revenue from Model A= 120*500= $60,000 Revenue from Model B= 400*1500= $6,00,000 Total Revenue= $60,000+$6,00,000= $6,60,000 Answer: E.Kudos please if you like my explanation!
_________________
Kindly hit kudos if my post helps!



Target Test Prep Representative
Status: Head GMAT Instructor
Affiliations: Target Test Prep
Joined: 04 Mar 2011
Posts: 2823

Re: A furniture store sells only two models or desks, model A and model B
[#permalink]
Show Tags
31 May 2017, 19:12
carcass wrote: A furniture store sells only two models or desks, model A and model B The selling price of model A is $120, which is 30 percent of the selling price of model B If the furniture store sells 2,000 desks, \(\frac{3}{4}\) of which are model B, what is the furniture store's total revenue from the sale of desks?
(A) $114,000
(B) $186,000
(C) $294,000
(D) $380,000
(E) $660,000 We are given that the selling price of model A is $120, which is 30% of the selling price of model B. Thus, the selling price of model B is: (0.3)B = 120 B = 120/0.3 = $400 We are also given that (3/4)(2,000) = 1500 model B desks were sold, and thus 2,000  1500 = 500 model A desks were sold. Therefore, the total revenue for the desks is 120 x 500 + 400 x 1500 = 60,000 + 600,000 = 660,000 dollars. Answer: E
_________________
5star rated online GMAT quant self study course See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews
If you find one of my posts helpful, please take a moment to click on the "Kudos" button.



EMPOWERgmat Instructor
Status: GMAT Assassin/CoFounder
Affiliations: EMPOWERgmat
Joined: 19 Dec 2014
Posts: 14174
Location: United States (CA)

Re: A furniture store sells only two models or desks, model A and model B
[#permalink]
Show Tags
19 Mar 2019, 20:25
Hi All, We're told that a furniture store sells only two models of desks, model A and model B. The selling price of model A is $120, which is 30 percent of the selling price of the model B  and the furniture store sells 2,000 desks, 3/4 of which are model B. We're asked for the TOTAL revenue of the furniture store from the sale of desks. This question can be approached in a couple of different ways, but the answer choices are written in such a way that can beat it with a bit of critical thinking and a little Arithmetic. To start, IF all 2000 desks were sold for $120 each, then the total revenue would be $240,000. That immediately eliminates Answers A and B. The prompt tells us that the cost of a Model B desk is MORE THAN 3 TIMES that of a Model A desk AND that MOST of the desks sold are Model Bs... IF we sold 1000 desks at $120 each and 1000 desks at $360 each, then the total revenue would be $120,000 + $360,000 = $480,000. However, the price of Model B is MORE than $360 AND we actually sold far MORE Model B desks than Model A desks. Thus, the revenue would be a LOT higher than $480,000. There's only one answer that fits... Final Answer: GMAT assassins aren't born, they're made, Rich
_________________
760+: Learn What GMAT Assassins Do to Score at the Highest Levels Contact Rich at: Rich.C@empowergmat.com*****Select EMPOWERgmat Courses now include ALL 6 Official GMAC CATs!*****
Rich Cohen
CoFounder & GMAT Assassin
Special Offer: Save $75 + GMAT Club Tests Free
Official GMAT Exam Packs + 70 Pt. Improvement Guarantee www.empowergmat.com/




Re: A furniture store sells only two models or desks, model A and model B
[#permalink]
19 Mar 2019, 20:25






