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01 Apr 2023, 08:00
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This August
(second week): 7,620 Next January
(entire sales): 11,430
(second week): 7,620 Next January
(entire sales): 11,430
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
75%
(hard)
Question Stats:
75% (03:02) correct
25%
(03:06)
wrong
based on 639
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Classic Whites runs two seasonal white sales, one in January and one in August. Each sale runs for 14 days. The January sale this year sold an average of 3,500 sheet sets per week during its two-week price cut. The August sale exceeded the January sale by an average of 130 sets per day during its two-week price cut, despite the fact that it sold only 1,200 sets during its first week. The event to be held next January is expected to sell a weekly average of 75% of the sheet sets sold during the second week of this year’s August event.
In the table below, identify the number of sheet sets sold in the second week of this year’s August white sale event, and identify the total number of sheet sets that are expected to be sold during the entire sale next January. Make only one selection in each column.
In the table below, identify the number of sheet sets sold in the second week of this year’s August white sale event, and identify the total number of sheet sets that are expected to be sold during the entire sale next January. Make only one selection in each column.
|
This August (second week) |
Next January (entire sales) |
Sheet sets sold |
| 3,500 | ||
| 5,715 | ||
| 7,620 | ||
| 8,820 | ||
| 11,430 | ||
| 13,335 |
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Official Answer
This August
(second week): 7,620 Next January
(entire sales): 11,430
(second week): 7,620 Next January
(entire sales): 11,430
Archit3110
Major Poster
01 Apr 2023, 08:52
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Classic Whites runs two seasonal white sales, one in January and one in August. Each sale runs for 14 days. The January sale this year sold an average of 3,500 sheet sets per week during its two-week price cut. The August sale exceeded the January sale by an average of 130 sets per day during its two-week price cut, despite the fact that it sold only 1,200 sets during its first week. The event to be held next January is expected to sell a weekly average of 75% of the sheet sets sold during the second week of this year’s August event.
January :
Week 1 sales : 3500 and
Week 2 sales : 3500
avg weekly sale is 500
August
avg daily sale is 500+130 ; 630
total August sale : 630*14 ; 8820
Week 1 sales : 1200
Week 2 sales : 7620
January next year sale will be a weekly average of 75% of the sheet sets sold during the second week of this year’s August event.
.75*7620 ; 5715
total January next year sale ; 5715*2 ; 11430
This August (second week) : 7620
Next January (entire sales) : 11430
January :
Week 1 sales : 3500 and
Week 2 sales : 3500
avg weekly sale is 500
August
avg daily sale is 500+130 ; 630
total August sale : 630*14 ; 8820
Week 1 sales : 1200
Week 2 sales : 7620
January next year sale will be a weekly average of 75% of the sheet sets sold during the second week of this year’s August event.
.75*7620 ; 5715
total January next year sale ; 5715*2 ; 11430
This August (second week) : 7620
Next January (entire sales) : 11430
Updated on: 02 Apr 2023, 09:54
Originally posted by RahulJain293 on 01 Apr 2023, 09:54.
Last edited by RahulJain293 on 02 Apr 2023, 09:54, edited 1 time in total.
Last edited by RahulJain293 on 02 Apr 2023, 09:54, edited 1 time in total.
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Breaking it down sentence by sentence -
Each sale runs for 14 days. The January sale this year sold an average of 3,500 sheet sets per week during its two-week price cut.
=== This tells me 7000 sets were sold throughout 14 days. Which is 500 per day.
The August sale exceeded the January sale by an average of 130 sets per day during its two-week price cut, despite the fact that it sold only 1,200 sets during its first week.
=== This tells me August (total sales and not weekly) was 130 set per day more. ie 630 set per day.
Now we can find total sales for 14 days, which is 630*14 = 8820.
Now we also find weekly sales as we know W1 we have 1200, hence W2, would be 7620 (by doing 8820-1200)
Hence 7620 is answer for August W2 sales.
The event to be held next January is expected to sell a weekly average of 75% of the sheet sets sold during the second week of this year’s August event.
=== Now we are told that January "WEEKLY" sales are 75% of the W2 of August ie, 0.75*7620 which is 5715. Now this is 5715 being the WEEKLY Jan sales.
Hence the entire sale next Jan would be twice that (W1 + W2) and that is 4th option, 11430
Each sale runs for 14 days. The January sale this year sold an average of 3,500 sheet sets per week during its two-week price cut.
=== This tells me 7000 sets were sold throughout 14 days. Which is 500 per day.
The August sale exceeded the January sale by an average of 130 sets per day during its two-week price cut, despite the fact that it sold only 1,200 sets during its first week.
=== This tells me August (total sales and not weekly) was 130 set per day more. ie 630 set per day.
Now we can find total sales for 14 days, which is 630*14 = 8820.
Now we also find weekly sales as we know W1 we have 1200, hence W2, would be 7620 (by doing 8820-1200)
Hence 7620 is answer for August W2 sales.
The event to be held next January is expected to sell a weekly average of 75% of the sheet sets sold during the second week of this year’s August event.
=== Now we are told that January "WEEKLY" sales are 75% of the W2 of August ie, 0.75*7620 which is 5715. Now this is 5715 being the WEEKLY Jan sales.
Hence the entire sale next Jan would be twice that (W1 + W2) and that is 4th option, 11430
