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Last year $48,000 of a certain store's profit was shared by its 2 owne
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22 Jun 2018, 00:06
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
(PS17812)
_________________
A. $12,000
B. $9,000
C. $6,000
D. $4,000
E. $3,000
(PS17812)
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
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15 Nov 2020, 12:16
15 Nov 2020, 12:16
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Video solution from Quant Reasoning:
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
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22 Jun 2018, 01:49
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
(PS17812)
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.
General Discussion
Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
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22 Jun 2018, 02:31
22 Jun 2018, 02:31
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Expert Reply
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
(PS17812)
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
_________________
Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
[#permalink]
22 Jun 2018, 03:55
22 Jun 2018, 03:55
2
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Expert Reply
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
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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As your tutor, I won't simply teach you how I would approach problems.
I'll unlock the best way for YOU to solve problems.
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For more information, please email me at GMATGuruNY@gmail.com.
Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
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23 Jun 2018, 08:18
23 Jun 2018, 08:18
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Expert Reply
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
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
_________________
Brent Hanneson – Creator of gmatprepnow.com
I’ve spent the last 20 years helping students overcome their difficulties with GMAT math, and the biggest thing I’ve learned is…
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
[#permalink]
23 Jun 2018, 08:25
23 Jun 2018, 08:25
Expert Reply
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
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
_________________
Brent Hanneson – Creator of gmatprepnow.com
I’ve spent the last 20 years helping students overcome their difficulties with GMAT math, and the biggest thing I’ve learned is…
Many students fail to maximize their quant score NOT because they lack the skills to solve certain questions but because they don’t understand what the GMAT is truly testing - Learn more
I’ve spent the last 20 years helping students overcome their difficulties with GMAT math, and the biggest thing I’ve learned is…
Many students fail to maximize their quant score NOT because they lack the skills to solve certain questions but because they don’t understand what the GMAT is truly testing - Learn more
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
[#permalink]
25 Jun 2018, 11:08
25 Jun 2018, 11:08
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Expert Reply
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
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]
14 Nov 2018, 11:35
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 !
Thanks !
Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
[#permalink]
01 May 2019, 09:31
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
Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
[#permalink]
08 May 2019, 04:08
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
(PS17812)
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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Manager
Joined: 24 Sep 2018
Posts: 67
Location: India
Concentration: Entrepreneurship, Marketing
GMAT 1: 700 Q50 V37
Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
[#permalink]
16 Jan 2020, 22:04
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
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]
27 Jan 2020, 11:29
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
_________________
- 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
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22 Jun 2020, 06:11
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
(PS17812)
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]
24 Apr 2021, 09:25
24 Apr 2021, 09:25
Expert Reply
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
(PS17812)
A. $12,000
B. $9,000
C. $6,000
D. $4,000
E. $3,000
(PS17812)
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
[#permalink]
24 Apr 2021, 10:00
24 Apr 2021, 10:00
Given: 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.
Asked: How much did each owner receive from the $48,000 ?
There are (2*3 + 10 = 16) parts of $48000 profits
Each part = $3000
Owner's part = 3*$3000 = $9000
IMO B
_________________
Asked: How much did each owner receive from the $48,000 ?
There are (2*3 + 10 = 16) parts of $48000 profits
Each part = $3000
Owner's part = 3*$3000 = $9000
IMO B
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
[#permalink]
24 Sep 2022, 05:04
24 Sep 2022, 05:04
Start from Answer choice C. 6k times 2 = 12k. 6k/3 = 2k multiplied with 10 = 20k. 12 + 20 = 32. We need more money. Go to B. 9K x 2 = 18k. 3k x 10 = 30k. 30 + 18 = 48.
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Re: Last year $48,000 of a certain store's profit was shared by its 2 owne [#permalink]
24 Sep 2022, 05:04
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