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

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

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17 Jun 2017, 07:11
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35% (medium)

Question Stats:

69% (01:08) correct 31% (01:34) wrong based on 983 sessions

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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 _________________ Md. Abdur Rakib Please Press +1 Kudos,If it helps Sentence Correction-Collection of Ron Purewal's "elliptical construction/analogies" for SC Challenges ##### Most Helpful Expert Reply CEO Joined: 11 Sep 2015 Posts: 3341 Location: Canada A manufacturer makes and sells 2 products, P and Q. The revenue from t [#permalink] ### Show Tags Updated on: 05 Dec 2018, 16:06 1 Top Contributor 5 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 Answer: E RELATED VIDEO _________________ Test confidently with gmatprepnow.com Originally posted by GMATPrepNow on 17 Jun 2017, 07:31. Last edited by GMATPrepNow on 05 Dec 2018, 16:06, edited 1 time in total. ##### General Discussion Board of Directors Status: QA & VA Forum Moderator Joined: 11 Jun 2011 Posts: 4328 Location: India GPA: 3.5 WE: Business Development (Commercial Banking) Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t [#permalink] ### Show Tags 17 Jun 2017, 22:48 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

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

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02 Jul 2017, 20:49
Ratio of quantity of P and Q sold, P:Q = 1:2.

Thus, average revenue per unit = (20*P + 17*Q)/(P+Q) = (20*1 + 17*2)/(2 + 1) = 54/3 = $18 Hence E answer Target Test Prep Representative Status: Founder & CEO Affiliations: Target Test Prep Joined: 14 Oct 2015 Posts: 4551 Location: United States (CA) Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t [#permalink] ### Show Tags 03 Aug 2018, 14:07 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

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.

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Re: A manufacturer makes and sells 2 products, P and Q. The revenue from t &nbs [#permalink] 03 Aug 2018, 14:07
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