manalq8 wrote:
A lemonade stand sold only small and large cups of lemonade on Tuesday. 3/5 of the cups sold were small and the rest were large. If the large cups were sold for 7/6 as much as the small cups, what fraction of Tuesday's total revenue was from the sale of large cups?
A. 7/16
B. 7/15
C. 10/21
D. 17/35
E. 1/2
We can let the total number of cups = n. Since 3/5 of the cups that were sold were small, (3/5)n = the number of small cups sold and (2/5)n = the number of large cups sold.
Also, if we let the price of each small cup = p, then the price for each large cup = (7/6)p.
The revenue from the sale of large cups is (7/6)p * (2/5)n = (7/15)np and the revenue from the sale of small cups is p * (3/5)n = (3/5)np. Therefore, the total revenue from the sale of all the cups is (7/15)np + (3/5)np = (7/15)np + (9/15)np = (16/15)np.
We can now determine what fraction of Tuesday's total revenue was from the sale of large cups.
[(7/15)np]/[(16/15)np] = (7/15)/(16/15) = 7/16
Alternate Solution:
Let’s denote the total number of cups sold by 5n in which n is an integer. Since 3/5 of the number of cups sold were small, the number of small cups that were sold is (5n)(3/5) = 3n. Similarly, since 1 - 3/5 = 2/5 of the number of cups sold were large, the number of large cups that were sold is (5n)(2/5) = 2n.
Also, let’s denote the price of each small cup as6p. Then, the price of a large cup was (6p)(7/6) = 7p.
Now, the revenue earned from small cups was (3n)(6p) = 18np and the revenue earned from large cups was (2n)(7p) = 14np. In total, a revenue of 18np + 14np = 32np was earned. The large cups constituted 14np/32np = 7/16 of this revenue.
Answer: A
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