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14 May 2020, 01:18
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Dropdown 1: Between 1 and 10
Dropdown 2: 78
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
59% (03:18) correct
41%
(03:27)
wrong
based on 1453
sessions
History
Date
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On Days 1 through 4 of a recent week, Product X was out of stock at Retailer R. Day 1 shoppers are those shoppers who came to Retailer R on Day 1 of that week seeking Product X. For each of the first 3 days of that week, the graph shows the subsequent behavior of all the Day 1 shoppers who came to Retailer R seeking Product X on that day. Shoppers at Retailer R who purchased a different item in lieu of Product X paid an average of 30% more for the item.
From each drop-down menu, select the option that creates the most accurate statement based on the information provided
% of Day 1 shoppers returned to the store on Day 3.
Shoppers at Retailer R who purchased substitute items from other manufacturers on Day 1 paid a total amount that was approximately % of the total all Day 1 shoppers would have paid had each of them been able to purchase Product X on Day 1.
ID: 100405
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Dropdown 1: Between 1 and 10
Dropdown 2: 78
GMATCoachBen
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13 Feb 2024, 14:25
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Tougher one!
If we read with precision and stay organized, then the calculations are pretty quick.
Video solution here:
If we read with precision and stay organized, then the calculations are pretty quick.
Video solution here:
bM22
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14 May 2020, 05:39
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1. ____________% of Day 1 shoppers returned to the store on Day 3.
Let's assume the no. of shoppers on Day 1 be 100. Currently we are concerned with only the %age of shoppers who returned on Day 2 and Day 3.
Now the no. of shoppers who returned the Day 2 = 25% of 100 = 25.
Of this 19% returned on Day 3 = 4.75 ~ 5.
=> 5 people returned on DAY 3 = 5% of the total shoppers on Day 1.
Thus, % of Day 1 shoppers who returned to the store on Day 3 Between 1 & 10.
Answer is B.
2. Shoppers at Retailer R who purchased substitute items from other manufacturers on Day 1 paid a total amount that was approximately______________% of the total all Day 1 shoppers would have paid had each of them been able to purchase Product X on Day 1.
Little tricky since the line to read again is: the total all Day 1 shoppers
Let's assume the no. of shoppers on Day 1 be 100.
Now, let the price of each Product X be 100.
60% of total day 1 shoppers purchased a different item at 130. Thus total = 130*60.
Now had all been able to purchase the Product X, the total would have been: 100*100.
what we are asked: 130*60 = what % of (100*100).
= 78%
Answer B.
Let's assume the no. of shoppers on Day 1 be 100. Currently we are concerned with only the %age of shoppers who returned on Day 2 and Day 3.
Now the no. of shoppers who returned the Day 2 = 25% of 100 = 25.
Of this 19% returned on Day 3 = 4.75 ~ 5.
=> 5 people returned on DAY 3 = 5% of the total shoppers on Day 1.
Thus, % of Day 1 shoppers who returned to the store on Day 3 Between 1 & 10.
Answer is B.
2. Shoppers at Retailer R who purchased substitute items from other manufacturers on Day 1 paid a total amount that was approximately______________% of the total all Day 1 shoppers would have paid had each of them been able to purchase Product X on Day 1.
Little tricky since the line to read again is: the total all Day 1 shoppers
Let's assume the no. of shoppers on Day 1 be 100.
Now, let the price of each Product X be 100.
60% of total day 1 shoppers purchased a different item at 130. Thus total = 130*60.
Now had all been able to purchase the Product X, the total would have been: 100*100.
what we are asked: 130*60 = what % of (100*100).
= 78%
Answer B.
