GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 08 Dec 2019, 16:06

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

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

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Find Similar Topics 
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 59590
If Matilda bought a 50 items for a total of $50,000, what was the cost  [#permalink]

Show Tags

New post 03 Sep 2017, 05:38
00:00
A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

79% (01:26) correct 21% (02:15) wrong based on 28 sessions

HideShow timer Statistics

Intern
Intern
avatar
B
Joined: 25 Mar 2016
Posts: 39
Location: India
Concentration: Finance, General Management
WE: Other (Other)
If Matilda bought a 50 items for a total of $50,000, what was the cost  [#permalink]

Show Tags

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))
Senior PS Moderator
User avatar
V
Joined: 26 Feb 2016
Posts: 3300
Location: India
GPA: 3.12
If Matilda bought a 50 items for a total of $50,000, what was the cost  [#permalink]

Show Tags

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 $1000(not 100$).
_________________
You've got what it takes, but it will take everything you've got
GMAT Club Bot
If Matilda bought a 50 items for a total of $50,000, what was the cost   [#permalink] 04 Sep 2017, 10:00
Display posts from previous: Sort by

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

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  





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