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07 Dec 2017, 21:20
00:00

Difficulty:

85% (hard)

Question Stats:

52% (02:48) correct 48% (03:01) wrong based on 33 sessions

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A store purchased x sweaters for a total price of $750. If it sold all but four of them, each for$5 more than the average price it paid for a sweater, and in doing so earned a total profit of $30 on the original purchase, how many sweaters did it sell? A. 21 B. 24 C. 26 D. 30 E. 35 _________________ BSchool Forum Moderator Joined: 26 Feb 2016 Posts: 3036 Location: India GPA: 3.12 A store purchased x sweaters for a total price of$750. If it sold all  [#permalink]

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07 Dec 2017, 23:05
1
This easiest solution for this problem is to work with the answer options

If n is the average price per sweater from the question stem,
we can form the following equations :

nx = 750
(x-4)(n+5) = 750+30 = 780

Lets evaluate answer Option C, x-4 = 26, because it divides 780 without a remainder.
Therefore, n+5 = 780/26 = 30
To cross check if the answer is correct x-4 = 26, x=30 and n = 30-5 = making the selling price(26*30 = 780)

Since we have been asked to find the total number of sweaters sold, it must be (x-4=26) (Option C)

Alternate approach:

nx = 750 -> (1)
(x-4)(n+5) = 780 -> (2)

nx - 4n + 5x - 20 = 780
Substutiting nx=750 from (1)
5x - 4n = 800 - 750 = 50 -> (3)

From (1), we can deduce n = $$\frac{750}{x}$$

$$5x - \frac{3000}{x} - 50 = 0$$
$$5x^2 - 50x - 3000 = 0$$

Solving for x, x=- 50 and 60(x cannot be negative)

Therefore, the number of sweaters sold is 26(Option C)
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Re: A store purchased x sweaters for a total price of $750. If it sold all [#permalink] ### Show Tags 07 Dec 2017, 23:33 Bunuel wrote: A store purchased x sweaters for a total price of$750. If it sold all but four of them, each for $5 more than the average price it paid for a sweater, and in doing so earned a total profit of$30 on the original purchase, how many sweaters did it sell?

A. 21
B. 24
C. 26
D. 30
E. 35

The answer is 26

X sweaters are purchased for 750 then price per sweater is 750/x

He sold all but 4 means that he sold x-4 for a prices greater than 750/x by 5
He earned a profit of 30
So putting the in equation we have

(x-4)(750/x+5)-750=30

or
5x^2-10x-600=0

Solving this we get x=30
he sold 30-4 =26 sweaters
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Re: A store purchased x sweaters for a total price of $750. If it sold all &nbs [#permalink] 07 Dec 2017, 23:33 Display posts from previous: Sort by # A store purchased x sweaters for a total price of$750. If it sold all

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