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A nursery sells fruit trees priced as shown in the chart above. In its

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A nursery sells fruit trees priced as shown in the chart above. In its  [#permalink]

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New post 30 Jul 2018, 21:54
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73% (01:57) correct 27% (02:01) wrong based on 131 sessions

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A nursery sells fruit trees priced as shown in the chart above. In its inventory 54 trees are less than 5 feet in height. If the expected revenue from the sale of its entire stock is estimated at $2,450, approximately how much of this will come from the sale of trees that are at least 5 feet tall?

A. $1,730
B. $1,640
C. $1,410
D. $1,080
E. $810


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A nursery sells fruit trees priced as shown in the chart above. In its  [#permalink]

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New post 31 Jul 2018, 00:08
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Solution
At least 5 feet trees means it is the sum of the trees having height of 5 ft to 6 ft & more that 6 ft
Total revenue is 2450 Dollar
Less than 5 feet tall trees revenue = 54*15 = 810
At least 5 feet Trees Revenue = Total - 810 = 2450 - 810 = 1640 dollar
Correct Answer is (B)
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Re: A nursery sells fruit trees priced as shown in the chart above. In its  [#permalink]

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New post 30 Jul 2018, 21:59
I don't see any chart.

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Re: A nursery sells fruit trees priced as shown in the chart above. In its  [#permalink]

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New post 30 Jul 2018, 23:18
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Re: A nursery sells fruit trees priced as shown in the chart above. In its  [#permalink]

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New post 30 Jul 2018, 23:34

Solution



Given:

    • A nursery sells fruit trees of different heights
    • Nursery has 54 trees that are less than 5 feet in height
    • Expected revenue from the sale of its entire stock is estimated at $2,450

To find:

    • How much revenue will come from the sale of trees that are at least 5 feet tall.

Approach and Working:

    • Total revenue= Revenue from trees that are less than 5-feet tall+ Revenue from trees that are at least 5-feet tall
    • 2450= 54*14.95+ Revenue from trees that are at least 5-feet tall
    • We can approximate 14.95 as 15 then 2450+54*15+Revenue from trees that are at least 5-feet tall

    • Revenue from trees that are at least 5-feet tall = 1640

Hence, the correct answer is option B.

Answer: B
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