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On Days 1 through 4 of a recent week, Product X was out of stock at
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14 May 2020, 01:18
14 May 2020, 01:18
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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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Official Answer
Dropdown 1: Between 1 and 10
Dropdown 2: 78
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Re: On Days 1 through 4 of a recent week, Product X was out of stock at
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14 May 2020, 05:39
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.
General Discussion
Re: On Days 1 through 4 of a recent week, Product X was out of stock at
[#permalink]
14 May 2020, 12:35
14 May 2020, 12:35
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1)B,Let total number of shoppers on day 1= x
So the number returned on Day 2= 0.25x,Now of these 19% returned on Day 3= .19*.25x=.0475x ,which means roughly 5% of total returned on day 3 so it's between 1 and 10.
2)B,so here let total shoppers for Day 1= x
Now those who purchased items from other store= .6x
Amount of each article y so aince these people purchased from other store they got individual price as = 1.3y
So total price = .6x*1.3y
Now had all people purchased from x= x*y
So the ratio is .6x*1.3y/xy=.78 =78%
Posted from my mobile device
So the number returned on Day 2= 0.25x,Now of these 19% returned on Day 3= .19*.25x=.0475x ,which means roughly 5% of total returned on day 3 so it's between 1 and 10.
2)B,so here let total shoppers for Day 1= x
Now those who purchased items from other store= .6x
Amount of each article y so aince these people purchased from other store they got individual price as = 1.3y
So total price = .6x*1.3y
Now had all people purchased from x= x*y
So the ratio is .6x*1.3y/xy=.78 =78%
Posted from my mobile device
