Last visit was: 25 Apr 2024, 07:36 It is currently 25 Apr 2024, 07:36

Close
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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
SORT BY:
Date
Tutor
Joined: 16 Oct 2010
Posts: 14822
Own Kudos [?]: 64912 [14]
Given Kudos: 426
Location: Pune, India
Send PM
User avatar
Manager
Manager
Joined: 19 Apr 2013
Posts: 55
Own Kudos [?]: 186 [0]
Given Kudos: 9
Concentration: Entrepreneurship, Finance
GMAT Date: 06-05-2015
GPA: 3.88
WE:Programming (Computer Software)
Send PM
User avatar
Retired Moderator
Joined: 20 Dec 2013
Posts: 145
Own Kudos [?]: 142 [2]
Given Kudos: 71
Location: United States (NY)
GMAT 1: 640 Q44 V34
GMAT 2: 720 Q49 V40
GMAT 3: 710 Q48 V40
GPA: 3.16
WE:Consulting (Venture Capital)
Send PM
User avatar
Manager
Manager
Joined: 04 Oct 2013
Posts: 130
Own Kudos [?]: 298 [3]
Given Kudos: 55
Location: India
GMAT Date: 05-23-2015
GPA: 3.45
Send PM
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
2
Kudos
1
Bookmarks
Hal bought walnuts at 5 for $1 and apples at 4 for $1. He spent a total of $19.50 . He sells both at 20 for $5 and as a result gains $3 .How many walnuts did Hal buy ?

A. 50
B. 45
C. 60
D. 80
E. 55


Method 1:

Number of Walnuts=W
Number of Apples = A

Given that, Hal bought walnuts at 5 for $1 and apples at 4 for $1 and he spent a total of $19.50

So, \(\frac{W}{5} + \frac{A}{4}=19.5\) .......(1)

Given that, Hal sells both at 20 for $5 and as a result gains $3

So, \((\frac{W}{20})*5 + (\frac{A}{20})*4 = 19.5 + 3\)

Or, \(\frac{W}{4} +\frac{A}{4}= 22.5\) .......(2)

Solving (1) & (2), we get number of walnuts W as 60.

Answer: (C)

Method 2:

Given that, Hal bought walnuts at 5 for $1 and apples at 4 for $1.
Hence, buying price of walnut = 20 cents; buying price of apple = 25 cents

Given that, Hal sells both at 20 for $5 and as a result gains $3
Selling price of walnut or apple= $5/20 = 25 cents

Since, buying and selling price of apple is same, the profit of $3 is made by selling only walnut.
Profit from selling 1 walnut = (25 - 20 )cents= 5 cents
Number of walnut sold to get $3 profit = ($3)/(5 cents) = 60

Answer: (C)
avatar
Manager
Manager
Joined: 21 Oct 2013
Posts: 154
Own Kudos [?]: 212 [1]
Given Kudos: 19
Location: Germany
GMAT 1: 660 Q45 V36
GPA: 3.51
Send PM
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
1
Kudos
He buys walnuts at a price of 20 cents each and apples at a price of 25 cents each. He then sells both of them at 25 cent each. This means that the 3$ profit he made result only from the walnuts.
Hence:

Profit = 3 $ = 300 cents / 5 cents = 60.

He bought 60 walnuts. Answer C.
avatar
SVP
SVP
Joined: 27 Dec 2012
Status:The Best Or Nothing
Posts: 1562
Own Kudos [?]: 7208 [1]
Given Kudos: 193
Location: India
Concentration: General Management, Technology
WE:Information Technology (Computer Software)
Send PM
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
1
Kudos
Just look at the cost price & selling price of apples. They are same; so no profit is booked by them

They can be ignored in equation formation (One variable less :))

Cost price of 1 walnut \(= \frac{1}{5}\)

Sell price of 1 walnut\(= \frac{1}{4}\)

Profit on 1 walnut\(= \frac{1}{4} - \frac{1}{5} = \frac{1}{20}\)

Total profit earned = 3

So, no. of walnuts sold \(= \frac{3}{\frac{1}{20}} = 20 * 3 = 60\)

Answer = C
Intern
Intern
Joined: 30 Nov 2016
Posts: 12
Own Kudos [?]: 8 [0]
Given Kudos: 48
Send PM
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
VeritasPrepKarishma wrote:
aimlockfire1 wrote:
Hal bought walnuts at 5 for $1 and apples at 4 for $1.He spent a total of $19.50 . He sells both at 20 for $5 and as a result gains $3 .How many walnuts did Hal buy ?

a)50

b)45

c)60

d)80

e)55


Let's start with the concrete information:
He buys everything for $19.50 and earns $3 after selling so he sells everything for $22.50 (= 2250 cents).
He sells each item for 5/20 = 25 cents so in all he sells 2250/25 = 90 items

Cost of each walnut = 1/5 = $.2 = 20 cents
Cost of each apple = 1/4 = $.25 = 25 cents

Now we have one equation to solve:
20*w + 25*(90 - w) = 1950 (w is the number of walnuts he buys)
4w + 5(90 - w) = 390
w = 60

Answer (C)

I don't think the question is clearly stated. "Hal bought walnuts at 5 for $1" is it sufficiently clear? what source is the question from? are you posting an official question?
Tutor
Joined: 16 Oct 2010
Posts: 14822
Own Kudos [?]: 64912 [0]
Given Kudos: 426
Location: Pune, India
Send PM
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
Expert Reply
hongson1706 wrote:
VeritasPrepKarishma wrote:
aimlockfire1 wrote:
Hal bought walnuts at 5 for $1 and apples at 4 for $1.He spent a total of $19.50 . He sells both at 20 for $5 and as a result gains $3 .How many walnuts did Hal buy ?

a)50

b)45

c)60

d)80

e)55


Let's start with the concrete information:
He buys everything for $19.50 and earns $3 after selling so he sells everything for $22.50 (= 2250 cents).
He sells each item for 5/20 = 25 cents so in all he sells 2250/25 = 90 items

Cost of each walnut = 1/5 = $.2 = 20 cents
Cost of each apple = 1/4 = $.25 = 25 cents

Now we have one equation to solve:
20*w + 25*(90 - w) = 1950 (w is the number of walnuts he buys)
4w + 5(90 - w) = 390
w = 60

Answer (C)

I don't think the question is clearly stated. "Hal bought walnuts at 5 for $1" is it sufficiently clear? what source is the question from? are you posting an official question?


Yes, the rate is given. It could be in terms of $/cents per walnut or no. of walnuts per dollar. There shouldn't be a problem here.
Intern
Intern
Joined: 30 Nov 2016
Posts: 12
Own Kudos [?]: 8 [0]
Given Kudos: 48
Send PM
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
[/quote] Yes, the rate is given. It could be in terms of $/cents per walnut or no. of walnuts per dollar. There shouldn't be a problem here.[/quote]
it should be more clearly stated, "Hal bought 5 walnuts for $1", if you say "Hal bought walnuts at 5 for $1", is it correctly written in formal English? honestly I've never seen such an idiom.
Intern
Intern
Joined: 04 May 2014
Posts: 9
Own Kudos [?]: 3 [0]
Given Kudos: 37
Send PM
Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
bumpbot wrote:
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).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.


Each walnut costs: 20 c
Each apple costs: 25 c

At the time of selling
Each item sells at: 500/20 --> 25 c
So, in a way, no profit is being earned on selling apples. CP=SP
So, the total profit of 300 c is being earned on selling walnuts.
Profit on each walnut= 25-20=5c
No. of walnuts=Total profit/ profit on each walnut=300/5=60
Intern
Intern
Joined: 29 Jan 2019
Posts: 10
Own Kudos [?]: 4 [0]
Given Kudos: 85
Send PM
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
The word'both' is misleading in this question. It should have been 'each'

Posted from my mobile device
Intern
Intern
Joined: 31 May 2018
Posts: 8
Own Kudos [?]: 1 [0]
Given Kudos: 9
Send PM
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
I answered this question in 2:09 using plug in numbers. It felt the easiest and most tangible. I began with 5/$1= 20 cents/walnut and 4/$1 = 25 cent apples. I then took the total of $19.50 and added the profit of $3 to it to get $22.50.

From there I began with answer choice C to see what answer I would get.
- 60 walnuts * 20 cents each is $12.
- I know he spent $19.50 so I took 19.5-12=7.5
- Then I used that $7.50 towards apples. 7.50/25. (Or in this case, for quick math, I did 4 per dollar so 4x7=28+2=30 (the extra +2 was for the 50 cents))
-60 walnuts + 30 apples is 90 total items and he sold those at 20/$5. 20 goes into 80 4 times very quickly ($20 earnings) and leaves us with 10, or half of the $5 earnings left over. Add 20+2.50 and that’s the right answer!

I was lucky that c worked. If I started getting funny or hard to work with numbers I would have tried an easier answer choice to start off. Also, if it wasn’t C, I would know how far off I was and would move to either A or E depending on where I landed.

Hope this makes sense!

Posted from my mobile device
User avatar
Non-Human User
Joined: 09 Sep 2013
Posts: 32674
Own Kudos [?]: 821 [0]
Given Kudos: 0
Send PM
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
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).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
GMAT Club Bot
Re: Hal bought walnuts at 5 for $1 and apples at 4 for $1. [#permalink]
Moderators:
Math Expert
92914 posts
Senior Moderator - Masters Forum
3137 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne