|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
29 Oct 2018, 04:52
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
66% (02:04) correct
34%
(01:23)
wrong
based on 35
sessions
History
Date
Time
Result
Not Attempted Yet
A gym sold only individual and group memberships. It charged a fee of $200 for an individual membership. If the gym’s total revenue from memberships was $240,000, what was the charge for a group membership?
(1) The revenue from individual memberships was 1/3 of the total revenue from memberships.
(2) The gym sold twice as many group memberships as individual memberships.
(1) The revenue from individual memberships was 1/3 of the total revenue from memberships.
(2) The gym sold twice as many group memberships as individual memberships.
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Data Sufficiency (DS) Forum
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
29 Oct 2018, 05:03
Kudos
Bookmarks
Bunuel
(1) By knowing this we can calculate the number of individual members, but we can not find how many group memberships we have. (We do not know the charge for the group memberships.) (Insufficient)
(2) Also this statement does not provide us anything about the number of members, we still do not know total number of members. (Insufficient)
(1) & (2) together, we can calculate the revenue earned from individual memberships, then we can end up finding the number of individual members. Additionally by using statement (2) we can find the number of group memberships and we eventually may find the charge of a group membership.
Answer is "C".
Correct me if I have a flaw in the explanation.
ankitnoida2018
Joined: 08 Jul 2017
Last visit: 05 Aug 2019
Posts: 38
Own Kudos:
Given Kudos: 7
Schools: Fisher '19 Boston U '20 Duke '20
GMAT 1: 740 Q51 V38
Products:
02 Nov 2018, 01:25
Kudos
Bookmarks
A gym sold only individual and group memberships. It charged a fee of $200 for an individual membership. If the gym’s total revenue from memberships was $240,000, what was the charge for a group membership?
(1) The revenue from individual memberships was 1/3 of the total revenue from memberships.
(2) The gym sold twice as many group memberships as individual memberships.
1. 80,000 from individuals. Very less information.
Insufficient.
2. 2x group memberships and x individual memberships.
2x * m + x * 200 = 240,000.
Insufficient.
Together, we know 200x = 80,000 so x = 400
So, 2*400*m + 400*200 = 240,000
800m = 160,000
m=1600/8
=200
C.
(1) The revenue from individual memberships was 1/3 of the total revenue from memberships.
(2) The gym sold twice as many group memberships as individual memberships.
1. 80,000 from individuals. Very less information.
Insufficient.
2. 2x group memberships and x individual memberships.
2x * m + x * 200 = 240,000.
Insufficient.
Together, we know 200x = 80,000 so x = 400
So, 2*400*m + 400*200 = 240,000
800m = 160,000
m=1600/8
=200
C.
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Data Sufficiency (DS) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
