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

It is currently 16 Oct 2019, 18:05

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

In 2012, a store’s average monthly revenue was $20,000. For the rst 1

  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: 58381
In 2012, a store’s average monthly revenue was $20,000. For the rst 1  [#permalink]

Show Tags

New post 21 Jan 2019, 00:45
1
00:00
A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

56% (01:36) correct 44% (01:28) wrong based on 13 sessions

HideShow timer Statistics

In 2012, a store’s average monthly revenue was $20,000. For the first 10 months of the year, the store’s average monthly revenue was $18,000. If the revenue in December was 50% greater than the revenue in November, what was the store’s revenue in November?

A 24,000
B 30,000
C 36,000
D 48,000
E 56,000

_________________
VP
VP
User avatar
D
Joined: 31 Oct 2013
Posts: 1469
Concentration: Accounting, Finance
GPA: 3.68
WE: Analyst (Accounting)
CAT Tests
Re: In 2012, a store’s average monthly revenue was $20,000. For the rst 1  [#permalink]

Show Tags

New post 21 Jan 2019, 05:15
1
Bunuel wrote:
In 2012, a store’s average monthly revenue was $20,000. For the first 10 months of the year, the store’s average monthly revenue was $18,000. If the revenue in December was 50% greater than the revenue in November, what was the store’s revenue in November?

A 24,000
B 30,000
C 36,000
D 48,000
E 56,000



Total = 20000 * 12 = 240000.

Total of 10 months = 10 * 18000 = 18000

Revenue of November and December = 240000 - 180000 = 60000.

As per the question : revenue in December was 50% greater than the revenue in November

let the revenue in November is x. Then December = 1.5x.

x + 1.5x = 60000

2.5 x = 60000

x = 60000 / 2.5

x = 24000.

A is the correct answer.
Board of Directors
User avatar
D
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4782
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User
Re: In 2012, a store’s average monthly revenue was $20,000. For the rst 1  [#permalink]

Show Tags

New post 21 Jan 2019, 07:28
Bunuel wrote:
In 2012, a store’s average monthly revenue was $20,000. For the first 10 months of the year, the store’s average monthly revenue was $18,000. If the revenue in December was 50% greater than the revenue in November, what was the store’s revenue in November?

A 24,000
B 30,000
C 36,000
D 48,000
E 56,000

Total Revenue for the Year 2012 is \(2,40,000\)
Total revenue for the first 10 years ( Jan 2012 - Oct 2012 ) is \(1,80,000\)

So, The Revenue for November 2012 & December 2012 is \(60,000\)

Let revenue for Nov be \(x\) , so revenue in Dec is \(\frac{3x}{2}\)

Thus, \(\frac{3x}{2} + x = \frac{5x}{2} = 60,000\)

So, \(x = 24,000\) , Answer must be (A) 24,000
_________________
Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )
GMAT Club Legend
GMAT Club Legend
User avatar
D
Joined: 18 Aug 2017
Posts: 5009
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
GMAT ToolKit User Premium Member
Re: In 2012, a store’s average monthly revenue was $20,000. For the rst 1  [#permalink]

Show Tags

New post 21 Jan 2019, 07:51
Bunuel wrote:
In 2012, a store’s average monthly revenue was $20,000. For the first 10 months of the year, the store’s average monthly revenue was $18,000. If the revenue in December was 50% greater than the revenue in November, what was the store’s revenue in November?

A 24,000
B 30,000
C 36,000
D 48,000
E 56,000



Total sale of store = 20,000 * 12 = 2,40,000

10 months sale = 18,000 * 10 = 1,80,000
nov=x and dec = 1.5x
18*10^4+2.5x = 24*10^4
solve for x = 6* 10^4/2.5
x = 24,000
IMO A
GMAT Club Bot
Re: In 2012, a store’s average monthly revenue was $20,000. For the rst 1   [#permalink] 21 Jan 2019, 07:51
Display posts from previous: Sort by

In 2012, a store’s average monthly revenue was $20,000. For the rst 1

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





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