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If Matilda bought a 50 items for a total of $50,000, what was the cost

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If Matilda bought a 50 items for a total of $50,000, what was the cost [#permalink]

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If Matilda bought a 50 items for a total of $50,000, what was the cost of the least expensive item?

(1) The lowest priced item was 1/3 the cost of the highest priced item.
(2) The average (arithmetic mean) price paid was $100.
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If Matilda bought a 50 items for a total of $50,000, what was the cost [#permalink]

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New post 04 Sep 2017, 09:55
Bunuel wrote:
If Matilda bought a 50 items for a total of $50,000, what was the cost of the least expensive item?

(1) The lowest priced item was 1/3 the cost of the highest priced item.
(2) The average (arithmetic mean) price paid was $100.


Hi Bunuel,

Could you please check if the avg. price will be $100 as per the statement 2 because from the question if we are solving for Avg. price it will be $1000(Total cost*$50000 Divided by total number of items(50))

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If Matilda bought a 50 items for a total of $50,000, what was the cost [#permalink]

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New post 04 Sep 2017, 10:00
Bunuel wrote:
If Matilda bought a 50 items for a total of $50,000, what was the cost of the least expensive item?

(1) The lowest priced item was 1/3 the cost of the highest priced item.
(2) The average (arithmetic mean) price paid was $100.


Hi Bunuel

Kindly check this question. I think the average price must be $1000(not 100$).
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Kudos [?]: 593 [0], given: 16

If Matilda bought a 50 items for a total of $50,000, what was the cost   [#permalink] 04 Sep 2017, 10:00
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