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At a sandwich shop, all sandwiches sell for the same price. If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150. How much does a sandwich currently cost?
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26 Jul 2017, 05:10
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Let the price of a sandwich be x. If he sold n sandwiches per day, now he sells n+5 sandwiches. But the price would come down. Since revenue is constant at 150 nx = 150 Also, (n+5)(x-a) = 150 where a is the cost by which the sandwich goes down.
150 has factors 15,25.30 and 50 which match with answer options 10,6,5,3 But since the number of sandwiches goes up by 5, as the price of sandwiches goes down(25,30 is our pair) Initially sandwiches cost 6$, now they cost 5$. Hence, the price of the sandwich is 6(Option D)
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Re: At a sandwich shop, all sandwiches sell for the same price. If the sho [#permalink]
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26 Jul 2017, 05:27
Bunuel wrote:
At a sandwich shop, all sandwiches sell for the same price. If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150. How much does a sandwich currently cost?
A. $3 B. $4 C. $5 D. $6 E. $10
Total Revenue 150$ Lets check the options E if current price is 10$ then they are selling 15 sandwiches for 20 sandwiches they will have to sell at 7.5$ (Price Decrease is 2.5$) D if current price is 6$ then they are selling 25 sandwiches for 30 sandwiches they will have to sell at 5$ (Price Decrease is 1$) C if current price is 5$ then they are selling 30 sandwiches for 35 sandwiches they will have to sell at 4.285......$ (non-terminating) - not possible B if current price is 4$ then they are selling 37.5 sandwiches ....not possible A if current price is 3$ then they are selling 50 sandwiches for 55 sandwiches they will have to sell at 2.8181......$ (non-terminating) - not possible
Between Option D & E..i am not able to reach the solution Bunuel Please check if i am missing anything
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26 Jul 2017, 06:32
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pushpitkc wrote:
Let the price of a sandwich be x. If he sold n sandwiches per day, now he sells n+5 sandwiches. But the price would come down. Since revenue is constant at 150 nx = 150 Also, (n+5)(x-a) = 150 where a is the cost by which the sandwich goes down.
150 has factors 15,25.30 and 50 which match with answer options 10,6,5,3 But since the number of sandwiches goes up by 5, as the price of sandwiches goes down(25,30 is our pair) Initially sandwiches cost 6$, now they cost 5$. Hence, the price of the sandwich is 6(Option D)
Hello Pushpitkc.. really liked your approach.
but what about pair :
n=15 p=10 and n=20 and p=7,5. Here difference in n=5 . So value of p can be 10. As its not given that current price or new price is in integer form.
Re: At a sandwich shop, all sandwiches sell for the same price. If the sho [#permalink]
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26 Jul 2017, 07:07
Nikkb wrote:
pushpitkc wrote:
Let the price of a sandwich be x. If he sold n sandwiches per day, now he sells n+5 sandwiches. But the price would come down. Since revenue is constant at 150 nx = 150 Also, (n+5)(x-a) = 150 where a is the cost by which the sandwich goes down.
150 has factors 15,25.30 and 50 which match with answer options 10,6,5,3 But since the number of sandwiches goes up by 5, as the price of sandwiches goes down(25,30 is our pair) Initially sandwiches cost 6$, now they cost 5$. Hence, the price of the sandwich is 6(Option D)
Hello Pushpitkc.. really liked your approach.
but what about pair :
n=15 p=10 and n=20 and p=7.5. Here difference in n=5 . So value of p can be 10. As its not given that current price or new price is in integer form.
I agree, but from the way I looked at it, i thought because 20 is not a factor of 150. I went with Option D as both 25 and 30 are factors of 150!
At a sandwich shop, all sandwiches sell for the same price. If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150. How much does a sandwich currently cost?
A. $3 B. $4 C. $5 D. $6 E. $10
Bunuel I think question should mention that price is an Integer
Also, language should include word "could" for price
Let price = p No. Of sandwich = s
Revenue = ps= 150
150= 1*150 2*75 3*50 5*30 6*25 10*15
New revenue = (p-x)(s+5)=150
*No. Of sandwiches before and after = factors of 150 at a gap of 5*
Case 1: I.e. no of sandwiches may be 25 and 30
Or
Case 2: no of sandwiches may be 5 and 10
Case 1: price earlier and after will be *6* and 5 respectively
Case 2: price earlier and after will be 30 and 15 respectively
Hence answer option : D
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Re: At a sandwich shop, all sandwiches sell for the same price. If the sho [#permalink]
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29 Jul 2017, 07:15
Bunuel wrote:
At a sandwich shop, all sandwiches sell for the same price. If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150. How much does a sandwich currently cost?
Re: At a sandwich shop, all sandwiches sell for the same price. If the sho [#permalink]
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29 Jul 2017, 10:13
theperfectgentleman wrote:
Bunuel wrote:
At a sandwich shop, all sandwiches sell for the same price. If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150. How much does a sandwich currently cost?
A. $3 B. $4 C. $5 D. $6 E. $10
Sandwiches sold = S Price per SW = P
S*P = 150 ; Considering the extra 5 SWs sold,
5 * P = 150 ; P = 30 is the revenue for 5 SWs
One SW = 30/5 = 6$
Is this approach correct?
theperfectgentleman, First things first the 5 extra sandwiches don't cost 150$, but the extra 5 will cost 150$. So if we sold x sandwiches before, now x+5 sandwiches will sell for the same 150$ Also, if you are considering the price per sandwich as P, how are you dividing 30 with 5 to find the price of one sandwich
Re: At a sandwich shop, all sandwiches sell for the same price. If the sho [#permalink]
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30 Jul 2017, 01:19
[quote="Bunuel"]At a sandwich shop, all sandwiches sell for the same price. If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150. How much does a sandwich currently cost?
A. $3 B. $4 C. $5 D. $6 E. $10
[/here is my own solution to this problem but its kind of long can anybody recommend the way to solve it in two minutes ? let x be cost per sandwich let n be the number of sandwiches than revenue= x*n= 150 to find number of sandwiches x = 150/n If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150
then (x-5)(n+5)=150 xn+x5-25-5 =150 xn+x5-30=150 xn+x5=180 divide by X and plug in instead of x this = 150/n 150+750/n=180 750n=180-150 750n=30 n = 25
At a sandwich shop, all sandwiches sell for the same price. If the sho [#permalink]
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30 Jul 2017, 01:32
dave13 wrote:
Bunuel wrote:
At a sandwich shop, all sandwiches sell for the same price. If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150. How much does a sandwich currently cost?
A. $3 B. $4 C. $5 D. $6 E. $10
[/here is my own solution to this problem but its kind of long can anybody recommend the way to solve it in two minutes ? let x be cost per sandwich let n be the number of sandwiches than revenue= x*n= 150 to find number of sandwiches x = 150/n If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150
then (x-5)(n+5)=150 xn+x5-25-5 =150 xn+x5-30=150 xn+x5=180 divide by X and plug in instead of x this = 150/n 150+750/n=180 750n=180-150 750n=30 n = 25
after the reduction in price ur equation is (x-5)(n+5)= 150 How? it just says number of sandwich increased by 5, and we don't know new price of sandwich. So you cannot subtract 5 from x also ur solved equation should be : xn-5n+5x-25=150 -> How u got xn+5x-25-5=150 ? here u have considered n=1 ?
Please recheck your equations or plz correct me if m wrong
At a sandwich shop, all sandwiches sell for the same price. If the shop were to decrease the price of each sandwich, it would sell 5 more sandwiches per day its daily revenue would remain constant at $150. How much does a sandwich currently cost?
A. $3 B. $4 C. $5 D. $6 E. $10
We know that the quantity sold is a whole number, and if we are also assuming that the price is a whole number (which is suggested by the answer choices), we can write 150 as the product of two positive integers as follows (where the first integer represents price and the second represents quantity):
150 = 1 x 150 = 2 x 75 = 3 x 50 = 5 x 30 = 6 x 25 = 10 x 15
We see that if the price is $6, then 25 sandwiches will be sold, and if we reduce the price by $1, then 30 sandwiches will be sold, which is exactly 5 more sandwiches than before. So, the current price must be $6.
Alternate Solution:
We will test each answer choice, except for choice B (since 150 is not divisible by 4).
If the original prices of the sandwiches are 3, 5, 6, or 10 dollars, then the shop originally sells 50, 30, 25, or 15 sandwiches, respectively.
We are given that the shop sells 5 more sandwiches by reducing the price, which means it will sell 55, 35, 30, or 20 sandwiches. Of these prices, 150 is divisible only by 30; therefore, 25 sandwiches must have been sold originally, which corresponds to a price of 6 dollars.
Answer: D
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Re: At a sandwich shop, all sandwiches sell for the same price. If the sho [#permalink]
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31 Aug 2017, 12:37
Hi all,
How do we know that the new price has to be an integer? If it does not have to be an interger, the right answer could also be E (new price 7.5$)? Am I missing something here?
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can anybody recommend the way to solve it in two minutes ? 
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