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

It is currently 14 Dec 2018, 09:10

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.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in December
PrevNext
SuMoTuWeThFrSa
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345
Open Detailed Calendar
  • Typical Day of a UCLA MBA Student - Recording of Webinar with UCLA Adcom and Student

     December 14, 2018

     December 14, 2018

     10:00 PM PST

     11:00 PM PST

    Carolyn and Brett - nicely explained what is the typical day of a UCLA student. I am posting below recording of the webinar for those who could't attend this session.
  • Free GMAT Strategy Webinar

     December 15, 2018

     December 15, 2018

     07:00 AM PST

     09:00 AM PST

    Aiming to score 760+? Attend this FREE session to learn how to Define your GMAT Strategy, Create your Study Plan and Master the Core Skills to excel on the GMAT.

A furniture store sells only two models or desks, model A and model B

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Board of Directors
User avatar
P
Joined: 01 Sep 2010
Posts: 3292
A furniture store sells only two models or desks, model A and model B  [#permalink]

Show Tags

New post 25 May 2017, 12:28
Top Contributor
1
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

97% (02:04) correct 3% (03:49) wrong based on 89 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

_________________

COLLECTION OF QUESTIONS AND RESOURCES
Quant: 1. ALL GMATPrep questions Quant/Verbal 2. Bunuel Signature Collection - The Next Generation 3. Bunuel Signature Collection ALL-IN-ONE WITH SOLUTIONS 4. Veritas Prep Blog PDF Version 5. MGMAT Study Hall Thursdays with Ron Quant Videos
Verbal:1. Verbal question bank and directories by Carcass 2. MGMAT Study Hall Thursdays with Ron Verbal Videos 3. Critical Reasoning_Oldy but goldy question banks 4. Sentence Correction_Oldy but goldy question banks 5. Reading-comprehension_Oldy but goldy question banks

Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 51215
Re: A furniture store sells only two models or desks, model A and model B  [#permalink]

Show Tags

New post 25 May 2017, 12:41
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.
_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | 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

Senior Manager
Senior Manager
User avatar
P
Joined: 07 Jul 2012
Posts: 377
Location: India
Concentration: Finance, Accounting
GPA: 3.5
Premium Member CAT Tests
Re: A furniture store sells only two models or desks, model A and model B  [#permalink]

Show Tags

New post 25 May 2017, 18:32
2
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= 2000-1500= 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
User avatar
G
Status: Head GMAT Instructor
Affiliations: Target Test Prep
Joined: 04 Mar 2011
Posts: 2830
Re: A furniture store sells only two models or desks, model A and model B  [#permalink]

Show Tags

New post 31 May 2017, 18:12
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
_________________

Jeffery Miller
Head of GMAT Instruction

GMAT Quant Self-Study Course
500+ lessons 3000+ practice problems 800+ HD solutions

Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 9160
Premium Member
Re: A furniture store sells only two models or desks, model A and model B  [#permalink]

Show Tags

New post 13 Aug 2018, 04:28
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

GMAT Club Bot
Re: A furniture store sells only two models or desks, model A and model B &nbs [#permalink] 13 Aug 2018, 04:28
Display posts from previous: Sort by

A furniture store sells only two models or desks, model A and model B

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

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

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®.