GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 18 Oct 2019, 09:17

Close

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

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.

Close

Request Expert Reply

Confirm Cancel

According to a financial analyst, if company C sets the unit selling

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Find Similar Topics 
CR Forum Moderator
avatar
V
Joined: 25 Apr 2018
Posts: 636
GMAT 1: 680 Q49 V34
Reviews Badge CAT Tests
According to a financial analyst, if company C sets the unit selling  [#permalink]

Show Tags

New post Updated on: 07 Oct 2018, 03:24
1
1
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

98% (01:23) correct 2% (03:27) wrong based on 43 sessions

HideShow timer Statistics

According to a financial analyst, if company C sets the unit selling price of its product at X dollars, then its monthly profit P in dollars is given by the formula P = 1000(4x-x^2-2). According to this formula at what amount should company C set the unit selling price of its product so that its monthly profit is $2000?

A. $1
B. $2
C. $3
D. $4
E. $6

_________________
Please give kudos if you found my posts helpful!

Project CR Butler - 2 CR's everyday

Originally posted by gmat1393 on 06 Oct 2018, 08:56.
Last edited by Bunuel on 07 Oct 2018, 03:24, edited 1 time in total.
Renamed the topic and edited the question.
Intern
Intern
avatar
B
Joined: 15 Jan 2014
Posts: 31
Location: India
Concentration: Technology, Strategy
Schools: Haas '19
GMAT 1: 650 Q49 V30
GPA: 2.5
WE: Information Technology (Consulting)
Re: According to a financial analyst, if company C sets the unit selling  [#permalink]

Show Tags

New post 06 Oct 2018, 14:38
Given profit \(P = 1000(4x-x^2-2)\)

We need to find \(x\) so that \(P =2000\)

\(2000 = 1000(4x-x^2-2)\)
\(2=(4x-x^2-2)\)
\(4=x(4-x)\)

Option B: \(X= 2\) satisfies the equation.


Please +1 Kudos if you liked my post :)
Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 13258
Re: According to a financial analyst, if company C sets the unit selling  [#permalink]

Show Tags

New post 15 Oct 2019, 08:23
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________
GMAT Club Bot
Re: According to a financial analyst, if company C sets the unit selling   [#permalink] 15 Oct 2019, 08:23
Display posts from previous: Sort by

According to a financial analyst, if company C sets the unit selling

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  





Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne