Events & Promotions
|
|
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.
Nov 1912:30 PM EST
-01:30 PM EST
Learn how Keshav, a Chartered Accountant, scored an impressive 705 on GMAT in just 30 days with GMATWhiz's expert guidance. In this video, he shares preparation tips and strategies that worked for him, including the mock, time management, and more
Nov 2001:30 PM EST
-02:30 PM IST
Learn how Kamakshi achieved a GMAT 675 with an impressive 96th %ile in Data Insights. Discover the unique methods and exam strategies that helped her excel in DI along with other sections for a balanced and high score.
Nov 2211:00 AM IST
-01:00 PM IST
Do RC/MSR passages scare you? e-GMAT is conducting a masterclass to help you learn – Learn effective reading strategies Tackle difficult RC & MSR with confidence Excel in timed test environment- Nov 23
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Nov 2407:00 PM PST
-08:00 PM PST
Full-length FE mock with insightful analytics, weakness diagnosis, and video explanations!
Nov 2510:00 AM EST
-11:00 AM EST
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors.
16 Jul 2024, 07:00
Kudos
Bookmarks
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
80% (02:37) correct
20%
(03:00)
wrong
based on 410
sessions
History
Date
Time
Result
Not Attempted Yet
A boulangerie's cost for baking croissants is 0.60 euros for each of the first 100 croissants and 0.30 euros for each additional croissant after the first 100. On Sunday, the boulangerie baked and sold n croissants, where n > 100, for 1.5 euros each. If the profit on selling these croissants was 200%, what is the value of n?
A. 125
B. 150
C. 175
D. 200
E. 400
A. 125
B. 150
C. 175
D. 200
E. 400
|
16 Jul 2024, 08:30
Kudos
Bookmarks
Bunuel
GMAT Club Official Explanation:
The cost for producing n croissants, where n > 100, would be:
0.6*100 + 0.3(n - 100) =
= 60 + 0.3n - 30 =
= 30 + 0.3n.
= 60 + 0.3n - 30 =
= 30 + 0.3n.
The profit for selling n croissants, at 1.5 euros each, would be:
Profit = Revenue - Cost =
= 1.5n - (30 + 0.3n) = 1.2n - 30.
= 1.5n - (30 + 0.3n) = 1.2n - 30.
The profit of 200% would imply that:
Profit/Cost = 200/100
(1.2n - 30)/(30 + 0.3n) = 2
1.2n - 30 = 60 + 0.6n
0.6n = 90
n = 150.
(1.2n - 30)/(30 + 0.3n) = 2
1.2n - 30 = 60 + 0.6n
0.6n = 90
n = 150.
Answer: C.
General Discussion
16 Jul 2024, 07:31
Kudos
Bookmarks
We know:
Cost = 0,6 * 100 + 0,3 * add
Price = 1,5 = 3*cost, because the profit is 200%
n>100
So we set up:
1,5n = 3*[100*0,6 + 0,3 *(n-100)]
1,5n = 3*[6 + 0,3n - 3]
1,5n = 9 + 0,9n
0,6n = 9
n = 150
Answer is B
Cost = 0,6 * 100 + 0,3 * add
Price = 1,5 = 3*cost, because the profit is 200%
n>100
So we set up:
1,5n = 3*[100*0,6 + 0,3 *(n-100)]
1,5n = 3*[6 + 0,3n - 3]
1,5n = 9 + 0,9n
0,6n = 9
n = 150
Answer is B
