Events & Promotions
|
|
GMAT Club Daily Prep
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
14 Feb 2024, 02:30
Kudos
Bookmarks
D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
88% (01:56) correct
12%
(02:06)
wrong
based on 145
sessions
History
Date
Time
Result
Not Attempted Yet
A supermarket purchased 60 identically priced tubes of toothpaste for a total of k dollars. If each tube of toothpaste was sold for 40% more than the price paid by the supermarket per tube, then at what price was each tube of toothpaste sold?
(1) The toothpaste was sold for a total of 48 dollars more than the supermarket paid for it.
(2) Each tube of toothpaste was sold for 80 cents more than it cost the supermarket.
(1) The toothpaste was sold for a total of 48 dollars more than the supermarket paid for it.
(2) Each tube of toothpaste was sold for 80 cents more than it cost the supermarket.
05 Oct 2024, 03:44
Kudos
Bookmarks
Given:
- The supermarket bought 60 tubes of toothpaste.
- The total cost to the supermarket was k dollars.
- Each tube was sold for 40% more than the purchase price.
Statement (1): The toothpaste was sold for a total of 48 dollars more than the supermarket paid for it.
Let x be the cost price of each tube to the supermarket.
Then, 60x = k (total cost to supermarket)
Selling price of each tube = x + 40% of x = 1.4x
Total selling price = 60 * 1.4x = 84x
We're told that this is $48 more than the purchase price:
84x - 60x = 48 => We can solve for x, hence Statement (1) alone is sufficient to answer the question.
Statement (2): Each tube of toothpaste was sold for 80 cents more than it cost the supermarket.
Let y be the cost price of each tube to the supermarket.
We're told that the selling price is 40% more than y:
y + 40% of y = y + 0.80
1.4y = y + 0.80
0.4y = 0.80 => We can solve for y, therefore Statement (2) alone is also sufficient to answer the question.
Hence answer is (D) : EITHER statement ALONE is sufficient to answer the question.
- The supermarket bought 60 tubes of toothpaste.
- The total cost to the supermarket was k dollars.
- Each tube was sold for 40% more than the purchase price.
Statement (1): The toothpaste was sold for a total of 48 dollars more than the supermarket paid for it.
Let x be the cost price of each tube to the supermarket.
Then, 60x = k (total cost to supermarket)
Selling price of each tube = x + 40% of x = 1.4x
Total selling price = 60 * 1.4x = 84x
We're told that this is $48 more than the purchase price:
84x - 60x = 48 => We can solve for x, hence Statement (1) alone is sufficient to answer the question.
Statement (2): Each tube of toothpaste was sold for 80 cents more than it cost the supermarket.
Let y be the cost price of each tube to the supermarket.
We're told that the selling price is 40% more than y:
y + 40% of y = y + 0.80
1.4y = y + 0.80
0.4y = 0.80 => We can solve for y, therefore Statement (2) alone is also sufficient to answer the question.
Hence answer is (D) : EITHER statement ALONE is sufficient to answer the question.
06 Jan 2026, 13:18
Kudos
Bookmarks
Automated notice from GMAT Club BumpBot:
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
