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20 Apr 2026, 04:16
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Difficulty:
75%
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Question Stats:
50% (03:32) correct
50%
(03:31)
wrong
based on 20
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Carlson’s sells both conventional and electric bikes. Last month, the average selling price of its electric bikes was $700 higher than that of its conventional bikes, but it sold four times as many conventional bikes as electric bikes. If 1/3 of the store’s revenue from the sale of bikes last month was from electric bikes, what was the average selling price of all the bikes Carlson’s sold last month ?
A) $840
B) $875
C) $933
D) $980
E) $1050
A) $840
B) $875
C) $933
D) $980
E) $1050
20 Apr 2026, 04:44
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700x + xy = 1/3[Sales]
4xy = 2/3[Sales]
Multiply equation 1 by 2 and equate both:
1400x + 2xy = 4xy.
y=700.
So conventional price = 700.
Electric bikes price = 1400.
Avg price = 1400x + 700*4x / 4x+x = 4200x/5x = 840.
4xy = 2/3[Sales]
Multiply equation 1 by 2 and equate both:
1400x + 2xy = 4xy.
y=700.
So conventional price = 700.
Electric bikes price = 1400.
Avg price = 1400x + 700*4x / 4x+x = 4200x/5x = 840.
kevincan
