GMAT Question of the Day: Daily via email | Daily via Instagram New to GMAT Club? Watch this Video

 It is currently 09 Apr 2020, 03:47 ### 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

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.  # An outlet sold 200 chairs and 120 tables. Each chair was sold at a los

Author Message
TAGS:

### Hide Tags

Math Expert V
Joined: 02 Sep 2009
Posts: 62662
An outlet sold 200 chairs and 120 tables. Each chair was sold at a los  [#permalink]

### Show Tags 00:00

Difficulty:   35% (medium)

Question Stats: 69% (01:18) correct 31% (02:07) wrong based on 27 sessions

### HideShow timer Statistics

An outlet sold 200 chairs and 120 tables. Each chair was sold at a loss of $20. What is the average profit on the table? (1) The total revenue is$4000
(2) The total profit is $2500 Project DS Butler Data Sufficiency (DS3) For DS butler Questions Click Here _________________ Math Expert V Joined: 02 Aug 2009 Posts: 8320 Re: An outlet sold 200 chairs and 120 tables. Each chair was sold at a los [#permalink] ### Show Tags 1 Bunuel wrote: An outlet sold 200 chairs and 120 tables. Each chair was sold at a loss of$20. What is the average profit on the table?

(1) The total revenue is $4000 (2) The total profit is$2500

Let the profit be a and b, so we are looking for b..
Total profit = 200a+120b=200*(-20)+120b=120b-4000

(1) The total revenue is $4000 If the selling prices are c and t respectively, 200c+120t=4000 There is nothing much we can do with this (2) The total profit is$2500
So $$120b-4000=2500....120b=6500...b=\frac{6500}{12}$$
Suff

B
_________________
CEO  V
Status: GMATINSIGHT Tutor
Joined: 08 Jul 2010
Posts: 3476
Location: India
GMAT: QUANT EXPERT
Schools: IIM (A)
GMAT 1: 750 Q51 V41
WE: Education (Education)
An outlet sold 200 chairs and 120 tables. Each chair was sold at a los  [#permalink]

### Show Tags

1
Bunuel wrote:
An outlet sold 200 chairs and 120 tables. Each chair was sold at a loss of $20. What is the average profit on the table? (1) The total revenue is$4000
(2) The total profit is $2500 Project DS Butler Data Sufficiency (DS3) For DS butler Questions Click Here Question: Average Profit on Table = ? but the loss on chairs = 200*20 = 4000 Statement 1: The total revenue is$4000

200c + 120t = 4000

Cost of table is unknown and also the revenue through chairs or table is unknown hence

NOT SUFFICIENT

Statement 2: The total profit is $2500 Total Loss of on chairs = 4000 i.e. Profit on Tables = 2500+4000 = 6500 Avearge Profit per table = $$\frac{Total Profit on tables }{ Total Number of tables} = 6500/120 = 54.16$$ SUFFICIENT Answer: Option B _________________ Prosper!!! GMATinsight .............(Bhoopendra Singh and Dr.Sushma Jha) e-mail: info@GMATinsight.com l Call : +91-9999687183 / 9891333772 Online One-on-One Skype based classes and Classroom Coaching in South and West Delhi Click Here for Uneditable GOOGLE reviews Click here for Our VERBAL & QUANT private tutoring package details My Recent Posts Q-1-Integer-Divisibility l Q-2-Inequality DS l Q-3-Standard Deviation l Q-4-Functions ACCESS FREE GMAT TESTS HERE:22 FREE (FULL LENGTH) GMAT CATs LINK COLLECTION GMATWhiz Representative G Joined: 07 May 2019 Posts: 501 Location: India Re: An outlet sold 200 chairs and 120 tables. Each chair was sold at a los [#permalink] ### Show Tags 1 Bunuel wrote: An outlet sold 200 chairs and 120 tables. Each chair was sold at a loss of$20. What is the average profit on the table?

(1) The total revenue is $4000 (2) The total profit is$2500

Solution

Step 1: Analyse Question Stem

• Let the average profit on selling a table be $x. • Also, let the cost price of a chair and a table be $$CP_c$$and $$CP_t$$ (in dollars), respectively. Step 2: Analyse Statements Independently (And eliminate options) – AD/BCE Statement 1: The total revenue is$4000
• $$(CP_c – 20)*200 + (CP_t + x)*120 = 4000$$
• Since we don’t know $$CP_c$$and $$CP_t$$, we cannot find the value of x.
Hence, statement 1 is NOT sufficient and we can eliminate answer options A and D.

Statement 2: The total profit is $2500 • Total profit =$2500
o Profit made on sale of tables - Loss made on sale of chairs = 2500
o $$120*x – 20*200 = 2500 ⇒ x = \frac{6500}{120}$$
Hence, statement 2 is sufficient.
Thus, the correct answer is Option B.
_________________

GMAT Prep truly Personalized using Technology

Prepare from an application driven course that serves real-time improvement modules along with a well-defined adaptive study plan. Start a free trial to experience it yourself and get access to 25 videos and 300 GMAT styled questions.

Score Improvement Strategy: How to score Q50+ on GMAT | 5 steps to Improve your Verbal score
Study Plan Articles: 3 mistakes to avoid while preparing | How to create a study plan? | The Right Order of Learning | Importance of Error Log
Helpful Quant Strategies: Filling Spaces Method | Avoid Double Counting in P&C | The Art of Not Assuming anything in DS | Number Line Method
Key Verbal Techniques: Plan-Goal Framework in CR | Quantifiers the tiny Game-changers | Countable vs Uncountable Nouns | Tackling Confusing Words in Main Point Re: An outlet sold 200 chairs and 120 tables. Each chair was sold at a los   [#permalink] 25 Feb 2020, 23:55
Display posts from previous: Sort by

# An outlet sold 200 chairs and 120 tables. Each chair was sold at a los  