|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Fish181
Joined: 13 Dec 2023
Last visit: 22 Jan 2025
Posts: 133
Given Kudos: 53
Status:Applying in R1 of 2024 to t15
Affiliations: University of Tennessee
Location: United States (CO)
Concentration: Strategy, Finance
GMAT Focus 1: 605 Q76 V84 DI80 
GMAT Focus 2: 615 Q78 V86 DI78
GPA: 3.62
WE:Analyst (Consumer Packaged Goods)
GMAT Focus 2: 615 Q78 V86 DI78
Posts: 133
26 May 2024, 11:19
Kudos
Bookmarks
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
82% (02:10) correct
18%
(02:28)
wrong
based on 483
sessions
History
Date
Time
Result
Not Attempted Yet
Company M’s monthly cost for producing a certain product is $0.35 for each of the first 1,000 units produced and $0.25 for each additional unit produced after the first 1,000. If Company M sells the product at $1.00 per unit, which of the following represents Company M’s monthly profit, in dollars, from producing and selling x units of the product, where x ≥ 1,000 ?
A. x - 100
B. 0.75x - 100
C. 0.75x - 350
D. 0.65x + 100
E. 0.65x - 250
GMAT-Club-Forum-bpfjszpm.png [ 31.21 KiB | Viewed 2794 times ]
A. x - 100
B. 0.75x - 100
C. 0.75x - 350
D. 0.65x + 100
E. 0.65x - 250
[From Mock 5]
Attachment:
GMAT-Club-Forum-bpfjszpm.png [ 31.21 KiB | Viewed 2794 times ]
Trying to understand why the right answer is right?
GMAT Club Tests explanations walk through concepts, shortcuts, and common traps on many questions.
See how →
Fish181
The cost for producing x units of the product, where x ≥ 1,000, would be:
0.35*1000 + 0.25(x - 1,000) =
= 350 + 0.25x - 250 =
= 100 + 0.25x.
= 350 + 0.25x - 250 =
= 100 + 0.25x.
The profit for selling x units, at $1.00 per unit, would be:
Revenue - Cost =
= 1*x - (100 + 0.25x) = 0.75x - 100.
= 1*x - (100 + 0.25x) = 0.75x - 100.
Answer: B.
Attachment:
GMAT-Club-Forum-x0asluhg.png [ 31.21 KiB | Viewed 2781 times ]
Oppenheimer1945
Joined: 16 Jul 2019
Last visit: 27 Apr 2026
Posts: 782
Given Kudos: 236
Location: India
Schools: INSEAD '26 (D) ISB '27 (D) IIMB '26 (A) IIMA '26 (A) HEC '26 (D) LBS '26 IESE '27 (D) Fuqua '27 (WL) Tepper '27 (WL)
GMAT Focus 1: 645 Q90 V76 DI80 
GPA: 7.81
Schools: INSEAD '26 (D) ISB '27 (D) IIMB '26 (A) IIMA '26 (A) HEC '26 (D) LBS '26 IESE '27 (D) Fuqua '27 (WL) Tepper '27 (WL)
GMAT Focus 1: 645 Q90 V76 DI80
Posts: 782
26 Aug 2024, 01:09
Kudos
Bookmarks
Putting X=1000, will give Profit=650 . Only option B holds True
