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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
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udaymathapati wrote:
Last Sunday a certain store sold copies of Newspaper A for $1.00 each and copies of Newspaper B for $1.25 each, and the store sold no other newspapers that day. If r percent of the store’s revenues from newspaper sales was from Newspaper A and if p percent of the newspapers that the store sold were copies of newspaper A, which of the following expresses r in terms of p?


A. \(\frac{100p}{(125 – p)}\)

B. \(\frac{150p}{(250 – p)}\)

C. \(\frac{300p}{(375 – p)}\)

D. \(\frac{400p}{(500 – p)}\)

E. \(\frac{500p}{(625 – p)}\)



OG 2019 PS03144


Assume total 100 copies are sold

then P of newspaper A and 100-p or newspaper b are sold

rev generated by them P*1 and (100-p)*1.25

now % rev of A = (rev by A/total rev)*100

r = (p/(p+(100-P)*1.25))*100

from here r = Option D
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
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Kimberly77 wrote:
Hi JeffTargetTestPrep, when you multiply the step with 4/4, why is it only multipy with 1.25 but not (100-P) behind ? Could you explain? Thanks


When we multiply 1.25(100 - p) by 4, we obtain 4 * 1.25 * (100 - p). This is a product containing three factors, so we can write it as (4 * 1.25) * (100 - p) = 5 * (100 - p). If we were to multiply 100 - p by 4, we wouldn't be able to multiply 1.25 by 4; we would obtain 1.25 * 4(100 - p) = 1.25 * (400 - 4p), which does not help us in any way. I think you are thinking of distributing multiplication over addition where if we multiply a sum or a difference by a constant, we multiply each term of that sum or difference by the same constant, but we don't have it here. In this step, we are simply multiplying a product containing two factors with another constant to obtain 4 * (1.25 * (100 - p)). The associative property of multiplication allows us to calculate (4 * 1.25) * (100 - p) instead, which is how we obtain 5 * (100 - p).
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
ScottTargetTestPrep wrote:
Kimberly77 wrote:
Hi JeffTargetTestPrep, when you multiply the step with 4/4, why is it only multipy with 1.25 but not (100-P) behind ? Could you explain? Thanks


When we multiply 1.25(100 - p) by 4, we obtain 4 * 1.25 * (100 - p). This is a product containing three factors, so we can write it as (4 * 1.25) * (100 - p) = 5 * (100 - p). If we were to multiply 100 - p by 4, we wouldn't be able to multiply 1.25 by 4; we would obtain 1.25 * 4(100 - p) = 1.25 * (400 - 4p), which does not help us in any way. I think you are thinking of distributing multiplication over addition where if we multiply a sum or a difference by a constant, we multiply each term of that sum or difference by the same constant, but we don't have it here. In this step, we are simply multiplying a product containing two factors with another constant to obtain 4 * (1.25 * (100 - p)). The associative property of multiplication allows us to calculate (4 * 1.25) * (100 - p) instead, which is how we obtain 5 * (100 - p).



HI ScottTargetTestPrep, thanks for your reply and clarification. Think I got it now. 4 do not multiply into in the initiail stage but the end result of 5 did multiply into (100-p). So it's a matter of sequence here matters. Not sure did I understand it correctly? Thanks
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
gauravjain0211 wrote:
udaymathapati wrote:
Last Sunday a certain store sold copies of Newspaper A for $1.00 each and copies of Newspaper B for $1.25 each, and the store sold no other newspapers that day. If r percent of the store’s revenues from newspaper sales was from Newspaper A and if p percent of the newspapers that the store sold were copies of newspaper A, which of the following expresses r in terms of p?


A. \(\frac{100p}{(125 – p)}\)

B. \(\frac{150p}{(250 – p)}\)

C. \(\frac{300p}{(375 – p)}\)

D. \(\frac{400p}{(500 – p)}\)

E. \(\frac{500p}{(625 – p)}\)



OG 2019 PS03144


Assume total 100 copies are sold

then P of newspaper A and 100-p or newspaper b are sold

rev generated by them P*1 and (100-p)*1.25

now % rev of A = (rev by A/total rev)*100

r = (p/(p+(100-P)*1.25))*100

from here r = Option D



Understand now and thanks gauravjain0211 for your reply.
Any reason for 100-p for newspaper b. Can it be p2 or something else? Thanks
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
BrentGMATPrepNow wrote:
udaymathapati wrote:
Last Sunday a certain store sold copies of Newspaper A for $1.00 each and copies of Newspaper B for $1.25 each, and the store sold no other newspapers that day. If r percent of the store’s revenues from newspaper sales was from Newspaper A and if p percent of the newspapers that the store sold were copies of newspaper A, which of the following expresses r in terms of p?

A. 100p/(125 – p)
B. 150p/(250 – p)
C. 300p/(375 – p)
D. 400p/(500 – p)
E. 500p/(625 – p)


Let's use the INPUT-OUTPUT approach.

Let's say that Newspaper A accounted for 20% of all newspapers sold. In other words, p = 20
This means that Newspaper B accounted for 80% of all newspapers sold.

BrentGMATPrepNow
This is very helpful, thank you! I am just confused on why we have to

The question asks us to find the value of r, the percentage of newspaper revenue from Newspaper A.
To determine this, let's say that 100 newspapers we sold IN TOTAL.
This means that 20 Newspaper A's were sold and 80 Newspaper B's were sold.

REVENUE:
Newspaper A: 20 newspapers at $1 apiece = $20
Newspaper B: 80 newspapers at $1.25 apiece = $100
So, TOTAL revenue = $120

Since Newspaper A accounted for $20 of revenue, we can say that Newspaper A accounted for 16 2/3% of revenue. In other words, r = 16 2/3
Aside: We know this because $20/$120 = 1/6 = 16 2/3%

So, when we INPUT p = 20, the OUTPUT is r = 16 2/3.
We'll now plug p = 20 into each answer choice and see which one yields an output of = 16 2/3

A. 100(20)/(125 - 20) = 2000/105.
IMPORTANT: If we want, we can use long division to evaluate this fraction (and others), but we can save a lot of time by applying some number sense. Since 2000/100 = 20, we know that 2000/105 will be SLIGHTLY less than 20. So, we can be certain that 2000/105 does not equal 16 2/3. As such, we can ELIMINATE A.

B. 150(20)/(250 - 20) = 3000/230. We know that 3000/200 = 15, so 3000/230 will be less than 15. So, we can be certain that 3000/230 does not equal 16 2/3. As such, we can ELIMINATE B.

C. 300(20)/(375 - 20) = 6000/355. Hmmm, this one is a little harder to evaluate. So,we may need to resort to some long division (yuck!). Using long division, we get 6000/355 = 16.9.... ELIMINATE C.

D. 400(20)/(500 - 20) = 8000/480 = 800/48 = 100/6 = 50/3 = 16 2/3. perfect! KEEP

E. 500(20)/(625 - 20) = 10000/605 = 100/6.05. Notice that, above, we saw that 100/6 = 16 2/3. So, 100/6.05 will NOT equal 16 2/3. ELIMINATE E.

Answer:


BrentGMATPrepNow
This is very helpful, thank you!
I am confused on the wording of the question... "which of the following expresses r in terms of p"? Wouldn't we be looking for r=1/6 and not 16 2/3% because it is just asking for r? Overall, the "r" vs. "r percent" and "p" versus "p percent" is a bit confusing to me. Any clarification would be greatly appreciated. Thank you!
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
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woohoo921 wrote:
BrentGMATPrepNow
This is very helpful, thank you!
I am confused on the wording of the question... "which of the following expresses r in terms of p"? Wouldn't we be looking for r=1/6 and not 16 2/3% because it is just asking for r? Overall, the "r" vs. "r percent" and "p" versus "p percent" is a bit confusing to me. Any clarification would be greatly appreciated. Thank you!


Given: r percent of the store’s revenues from newspaper sales was from Newspaper A

So, if r = 1/6, then you're saying 1/6 percent of the store’s revenues from newspaper sales was from Newspaper A.
In other words, 0.1666...% of the store’s revenues from newspaper sales was from Newspaper A.

Instead, we want to say that 16 2/3 percent of the store’s revenues from newspaper sales was from Newspaper A.

Does that help?
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
BrentGMATPrepNow wrote:
woohoo921 wrote:
BrentGMATPrepNow
This is very helpful, thank you!
I am confused on the wording of the question... "which of the following expresses r in terms of p"? Wouldn't we be looking for r=1/6 and not 16 2/3% because it is just asking for r? Overall, the "r" vs. "r percent" and "p" versus "p percent" is a bit confusing to me. Any clarification would be greatly appreciated. Thank you!


Given: r percent of the store’s revenues from newspaper sales was from Newspaper A

So, if r = 1/6, then you're saying 1/6 percent of the store’s revenues from newspaper sales was from Newspaper A.
In other words, 0.1666...% of the store’s revenues from newspaper sales was from Newspaper A.

Instead, we want to say that 16 2/3 percent of the store’s revenues from newspaper sales was from Newspaper A.

Does that help?


BrentGMATPrepNow
Thank you so much for your response. I still always struggle with picking numbers. To clarify, you wouldn't start with picking a number for "r" in this case because the question asks for "r" in terms of "p"? Also, how do you know not to test another number such as p=10 and solving for "r" again to make sure that choice D is correct. Do you have any best practices for dealing with this? Thank you again so much for your help.
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woohoo921 wrote:
BrentGMATPrepNow
Thank you so much for your response. I still always struggle with picking numbers. To clarify, you wouldn't start with picking a number for "r" in this case because the question asks for "r" in terms of "p"? Also, how do you know not to test another number such as p=10 and solving for "r" again to make sure that choice D is correct. Do you have any best practices for dealing with this? Thank you again so much for your help.


The question asks for "r" in terms of "p"
In other words, if we know the value of p, what will be the value of r?
So, we need to choose a value of p so that we can find the corresponding value of r.

So, when p = 20, we found that r = 16 2/3
When I plugged p = 20 into the 5 answer choices, only one yields r = 16 2/3, so it must be the correct answer, because PS questions can have only 1 correct answer.

Had it been the case that TWO or more answer choices yielded an output of r = 16 2/3, then I would be forced to test another p-value.
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
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Let's assume that the store sold a total of 100 newspapers that day, out of which p percent were copies of Newspaper A, i.e., p newspapers of type A were sold, and (100-p) newspapers of type B were sold.

The revenue from selling p copies of Newspaper A at $1.00 each is p * $1.00 = $p. The revenue from selling (100-p) copies of Newspaper B at $1.25 each is (100-p) * $1.25 = $125 - $1.25p.

The total revenue from newspaper sales is the sum of the revenues from selling copies of Newspaper A and Newspaper B, i.e., $p + ($125 - $1.25p) = $125 - $0.25p.

Now, we know that r percent of the store's revenue from newspaper sales was from Newspaper A. Therefore, the revenue from selling Newspaper A as a percentage of the total revenue from newspaper sales is r/100. This can be expressed as:

r/100 = ($p) / ($125 - $0.25p)

Simplifying this equation by multiplying both the numerator and denominator by 4, we get:

r = (400p) / (500 - p)
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
Hi avigutman

Loved your approach to the question! This is my first time looking at a ratio multiplied by percent, therefore, I was wary at first. I tried using numbers for the variables p and r to see if this approach works or not and it does. On L.H.S. you did 4*p/ 500*(100-p) I know that we are calculating the ratio of the revenues of newspapers A and B.
If p were a number, then 4*p = Revenue, but p is percent so what does 4*p% or 500(100-p)% give us? Revenue in terms of percent?
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
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Vegita wrote:
Hi avigutman

Loved your approach to the question! This is my first time looking at a ratio multiplied by percent, therefore, I was wary at first. I tried using numbers for the variables p and r to see if this approach works or not and it does. On L.H.S. you did 4*p/ 500*(100-p) I know that we are calculating the ratio of the revenues of newspapers A and B.
If p were a number, then 4*p = Revenue, but p is percent so what does 4*p% or 500(100-p)% give us? Revenue in terms of percent?

You're trying to make sense of one part of a ratio and understand it in terms of units, Vegita, but that's not how ratios work.
For example, if you're twice as tall as your neighbour, the ratio of your height to her height is 2:1. What is the 2? Is that lbs? kg? Neither. It doesn't have units. The 2 is completely meaningless outside of the context of the ratio 2:1.
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
Just curious.

What would be the question number of a question like this if it were to appear on an actual GMAT exam?

32? 33? or the last question that decides 780 or 800?
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Re: Last Sunday a certain store sold copies of Newspaper A for $1.00 each [#permalink]
hermit84 wrote:
zaarathelab wrote:
Last Sunday a certain store sold copies of Newspaper A for $1.00 each and copies of Newspaper B for $1.25 each, and the store sold no other newspapers that day. If r percent of the store’s revenues from newspaper sales was from Newspaper A and if p percent of the newspapers that the store sold were copies of newspaper A, which of the following expresses r in terms of p?
A. 100p / (125 – p)
B. 150p / (250 – p)
C. 300p / (375 – p)
D. 400p / (500 – p)
E. 500p / (625 – p)

What is the simplest way to solve this??

Let the total copies of newspaper(A+B) sold be 100
so the number of copies of A sold is p
number of copies of B sold is 100-p
thus revenue from A = p*1$ = p$
revenue from B = (100-p)5/4; because 1.25 = 5/4
percent of revenue from A = r = p/p+[(100-p)5/4)]= 400p / (500 – p)


The Q says that 'p' is percentage where as in your solution 'p' is being taken directly as number of copies sold. can you please explain?
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