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Last year $48,000 of a certain store's profit was shared by its 2 owne

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Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 22 Jun 2018, 00:06
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Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000


NEW question from GMAT® Official Guide 2019


(PS17812)

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Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 22 Jun 2018, 01:49
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Bunuel wrote:
Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000


NEW question from GMAT® Official Guide 2019


(PS17812)



let the amount received by each employee be x.

So, 10 employees got = 10x
each owner got = 3x

we can form an equation ,

3x+3x + 10x = 48000
16x = 48000
x = 3000

we are asked to find out the amount of each owner .
3x
=3*3000
=9000

Thus , B is the best option.
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 22 Jun 2018, 02:31
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Bunuel wrote:
Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000


NEW question from GMAT® Official Guide 2019


(PS17812)



Two ways..
1) weighted average..
Owners : employees= 2*3:10..
So owners get \(48000*\frac{6}{6+10}=18000\)
So each owner gets half of it =18000/2=9000

2) let each employee get X, so owner gets 3x..
Total = 2*3x+10*X=48000.......16x=48000......X=3000
So each owner gets =3000*3=9000

B
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Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 22 Jun 2018, 03:55
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Bunuel wrote:
Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000


We can PLUG IN THE ANSWERS, which represent the share for each owner.
Since the share for each owner is 3 times the share for each employee, the correct answer is almost certainly a multiple of 3 (A, B, C or E).
When the correct answer is plugged in, the total profit = 48,000.

B: $9000 for each of the 2 owners, implying $3000 for each of the 10 employees
Total profit = (2*9000) + (10*3000) = 18000 + 30000 = 48,000.
Success!


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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 23 Jun 2018, 08:18
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Bunuel wrote:
Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000
B. $9,000
C. $6,000
D. $4,000
E. $3,000


Each owner received 3 times as much as each employee
Let E = the amount (in dollars) that ONE employee received
So, 3E = the amount (in dollars) that ONE owner received

Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees.
In other words: 3E + 3E + E + E + E + E + E + E + E + E + E + E = 48,000
Simplify: 16E = 48,000
So, E = 48,000/16
= 3,000

So, each EMPLOYEE received $3000, which means each OWNER received $9000
Answer: B

Cheers,
Brent
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 23 Jun 2018, 08:25
Top Contributor
Bunuel wrote:
Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000


Although I believe it's best to use one variable to solve this question, we can also use two variables
Let's see how that solution would look.

Let x = the amount (in dollars) that ONE employee received
Let y = the amount (in dollars) that ONE owner received


Each owner received 3 times as much as each employee
So, we can write: y = 3x

Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees.
So, the total amount two owners received = y + y = 2y
The total amount 10 employees received = 10x
So, we can write: 10x + 2y = 48,000

At this point, we have the following system of linear equations:
y = 3x
10x + 2y = 48,000

When we solve this system (I'll leave it to you to do this), we get x = 3000 and y = 9000
So, each each OWNER received $9000

Answer: B

Cheers,
Brent
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 25 Jun 2018, 11:08
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Bunuel wrote:
Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000


We can let the employee share = n and thus the owner share = 3n, and we have:

48,000 = 2(3n) + 10n

48,000 = 16n

3,000 = n

So each owner received 3 x 3,000 = 9,000 dollars.

Answer: B
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 14 Nov 2018, 11:35
Hello everyone. Just want a quick opinion. Is plugging the answers, and comparing to the share for each owner, and then checking 3 times the amount received a sane way of approaching this question?

Thanks !
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 01 May 2019, 09:31
Since total amount is $48000, and considering 2owners and 10 employees so total makes 12. So each gets $48000/12 = $3000. Now since the 2 owners gets trice so each will get 3*3000 = $9000
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 08 May 2019, 04:08
Bunuel wrote:
Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000


NEW question from GMAT® Official Guide 2019


(PS17812)


Let,

Each Employee get x

Each owner will get 3x

Now,

3x+3x+10x=48000

=>16x=48000

=>x=3000

So, each owner will get 3*3000 =9000

Answer: B

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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 16 Jan 2020, 22:04
2 owner and 10 employees so total 12

let all get x amount initially
But owner get 3 times more then employees

So if emp. = x owner =3 x

Total will be divide on x* 10(emp.) + x*3 (1 owner)+ x*3 (2owner) =16 x

So 16x = 48000
x = 3000

So owner will get 3*x = 9000
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 27 Jan 2020, 11:29
Approach:
- Total people: 10+2
- Employee received: x
- Owner received(3 times of an employee): 3x

Total: 10(x)+2(3x) = 48000 => x = 3000

Each Owner received: 3x or 3*3000 = $9000

Option B
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne  [#permalink]

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New post 22 Jun 2020, 06:11
Bunuel wrote:
Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000


NEW question from GMAT® Official Guide 2019


(PS17812)


Profit= $48,000
Employee= x
Owner= y

x=3y
2(3y)+10y =48,000

16y=48,000

y= 3,000

x=3(3,000)

x=9,000
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne   [#permalink] 22 Jun 2020, 06:11

Last year $48,000 of a certain store's profit was shared by its 2 owne

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