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.

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

Want to score 90 percentile or higher on GMAT CR? Attend this free webinar to learn how to pre-think assumptions and solve the most challenging questions in less than 2 minutes.

Want to solve 700+ level Algebra questions within 2 minutes? Attend this free webinar to learn how to master the most challenging Inequalities and Absolute Values questions in GMAT

A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

17 Jun 2017, 08:11

1

Top Contributor

41

00:00

A

B

C

D

E

Difficulty:

35% (medium)

Question Stats:

70% (01:31) correct 30% (01:49) wrong based on 1671 sessions

HideShow timer Statistics

A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?

A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

Updated on: 05 Dec 2018, 17:06

2

Top Contributor

11

AbdurRakib wrote:

A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?

A. $28.50 B. $27.00 C. $19.00 D. $18.50 E. $18.00

Let's plug in some NICE VALUES that satisfy the given information...

Last year the manufacturer sold twice as many units of Q as P. So, let's say the manufacturer sold 1 P and 2 Q's

What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year? TOTAL revenue = 1($20.00) + 2($17.00) = $20.00 + $34.00 = $54

There were 3 units sold. So, average price = $54/3 = $18

Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

17 Jun 2017, 23:48

3

2

AbdurRakib wrote:

A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?

A. $28.50 B. $27.00 C. $19.00 D. $18.50 E. $18.00

Revenue last year from the sale of P is 20*1 = 20 Revenue last year from the sale of Q is 17*2 = 34

Total Revenue from the sale of P and Q last year is 54

Average Revenue from the sale of P and Q last year is \(\frac{54}{2+1} = 18\)

Hence, answer will be (E) 18 _________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

03 Aug 2018, 15:07

3

AbdurRakib wrote:

A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?

A. $28.50 B. $27.00 C. $19.00 D. $18.50 E. $18.00

We can compute a weighted average to solve. Let’s assume that 2 units of Q and 1 unit of P were produced last year. So the total revenue is 2 x 17 + 1 x 20 = $54, and thus the average revenue per unit is thus 54/3 = $18.

Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

18 Apr 2019, 15:30

1

1

AbdurRakib wrote:

A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?

A. $28.50 B. $27.00 C. $19.00 D. $18.50 E. $18.00

If the weights were the same we would get an average of (17 + 20) / 2 = 18.5.

But we have more of the product that costs 17$, so the average would be less than 18.5, only 18 works - E

Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

26 Aug 2019, 07:44

And I got stuck with the TRAP answer B. 27. After reading properly the second time I got it has to be divided by 3. Why is this happening with me?
_________________

On the way to get into the B-school and I will not leave it until I win. WHATEVER IT TAKES.

Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

23 Oct 2019, 06:09

GMATPrepNow wrote:

AbdurRakib wrote:

A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?

A. $28.50 B. $27.00 C. $19.00 D. $18.50 E. $18.00

Let's plug in some NICE VALUES that satisfy the given information...

Last year the manufacturer sold twice as many units of Q as P. So, let's say the manufacturer sold 1 P and 2 Q's

There were 3 units sold. So, average price = $54/3 = $18

Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

23 Oct 2019, 06:17

Top Contributor

Shrey9 wrote:

GMATPrepNow wrote:

AbdurRakib wrote:

A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?

A. $28.50 B. $27.00 C. $19.00 D. $18.50 E. $18.00

Let's plug in some NICE VALUES that satisfy the given information...

Last year the manufacturer sold twice as many units of Q as P. So, let's say the manufacturer sold 1 P and 2 Q's

There were 3 units sold. So, average price = $54/3 = $18

Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

28 Oct 2019, 01:41

AbdurRakib wrote:

A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?

A. $28.50 B. $27.00 C. $19.00 D. $18.50 E. $18.00

Solving through logic: A/B are out as average cannot be more than 20$ Since no of Q > no of P, avg will be more near 17. If No of Q = No of P avg would be 18.5 (option D) which we eliminate since it's not the case.

A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]

Show Tags

11 Dec 2019, 09:45

Let p = units of product P ($20/unit) sold and q = units of product Q ($17/unit) sold Also, q = 2p Therefore, Average = \(\frac{20p + 17p}{p + q}\) ==> \(\frac{20p + 17(2p)}{p + 2p}\) ==> \(\frac{20p + 34p}{3p}\) ==> \(\frac{54p}{3p}\) ==> $18 (answer is E)

gmatclubot

A manufacturer makes and sells 2 products, P and Q. The revenue from t
[#permalink]
11 Dec 2019, 09:45