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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
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Question Stats:
83% (01:18) correct 17% (01:48) wrong based on 710 sessions
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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 ?
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
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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 ?
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
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 ?
Last year $48,000 of a certain store's profit was shared by its 2 owne
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22 Jun 2018, 03:55
1
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!
GMAT and GRE Tutor Over 1800 followers Click here to learn more GMATGuruNY@gmail.com New York, NY If you find one of my posts helpful, please take a moment to click on the "Kudos" icon. Available for tutoring in NYC and long-distance. 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
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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
Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
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23 Jun 2018, 08:25
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
Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
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25 Jun 2018, 11:08
1
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
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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 !
gmatclubot
Re: Last year $48,000 of a certain store's profit was shared by its 2 owne
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14 Nov 2018, 11:35
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83% (01:18) correct 
