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# During a one day sale, a store sold each sweater of a

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Intern
Joined: 11 Apr 2010
Posts: 16
During a one day sale, a store sold each sweater of a  [#permalink]

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Updated on: 23 Oct 2012, 05:28
1
3
00:00

Difficulty:

25% (medium)

Question Stats:

74% (01:43) correct 26% (01:27) wrong based on 180 sessions

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During a one day sale, a store sold each sweater of a certain type for $30 more than the store's cost to purchase each sweater. How many of thses sweaters were sold during the sale? (1) During the sale, the total revenue from the sale of these sweaters was$270.

(2) During the sale, the store sold each of these sweaters at a price that was 50% greater than the store's cost to purchase each sweater.

Originally posted by sandranjeim on 17 Apr 2010, 07:03.
Last edited by Bunuel on 23 Oct 2012, 05:28, edited 1 time in total.
Edited the question.
Math Expert
Joined: 02 Sep 2009
Posts: 50670

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17 Apr 2010, 07:27
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sandranjeim wrote:
During a one day sale, a store sold each sweater of a certain type for $30 more than the store's cost to purchase each sweater. How many of thses sweaters were sold during the sale? 1) During the sale, the total revenue from the sale of these sweaters was$270.

2) During the sale, the store sold each of these sweaters at a price that was 50% greater than the store's cost to purchase each sweater.

OA=C

Given: $$p=c+30$$

(1) (Revenue) = (price) * (# of sweaters sold) --> $$270=p*n=(c+30)n$$. Not sufficient to determine $$n$$.

(2) $$p=1.5c=c+30$$ --> $$c=60$$. Not sufficient.

(1)+(2) $$c=60$$ and $$270=(c+30)n=90n$$ --> $$n=3$$. Sufficient.

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Intern
Joined: 27 Mar 2012
Posts: 6
Re: During a one day sale, a store sold each sweater of a  [#permalink]

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23 Oct 2012, 05:23
Revenue = price * # of sweaters sold --> . Not sufficient to determine .

here We can consider Revenue is selling price - cost price , Can we ?
Math Expert
Joined: 02 Sep 2009
Posts: 50670
Re: During a one day sale, a store sold each sweater of a  [#permalink]

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23 Oct 2012, 05:36
amitvmane wrote:
Revenue = price * # of sweaters sold --> . Not sufficient to determine .

here We can consider Revenue is selling price - cost price , Can we ?

The total revenue from the sale is (price per unit) * (# of units sold).

(Selling price per unit) - (Cost price per unit) = (Gross profit from one unit).
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Re: During a one day sale, a store sold each sweater of a  [#permalink]

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07 Oct 2017, 16:04
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: During a one day sale, a store sold each sweater of a &nbs [#permalink] 07 Oct 2017, 16:04
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