Sajjad1994 wrote:
Official Explanation
1. Consider each of the following statements. Does the information in the three sources support the inference as stated?
Statement 1: The median member price of the list of products from the catalogue is $20.40; the median retail cost is $34.00.
Statement 2: Loyal members receive an immediate 40% savings and 10% cash back on their online purchases, for a total savings of 50% on the retail cost of the item. They also receive free shipping, so their total savings are more than 50% of the costs that nonmembers would pay.
Statement 3: The least expensive product in the line is $10.00. If that product was ordered each month for 6 months, the total cost would be $60.00, which is more than the $50.00 cancellation fee.
Answer: No, Yes, and No
2. If the information contained in all three sources is correct, the member price of an item that retails for $65.00 will be closest to:
The correct answer is $39. Members receive a 40% discount off the retail price of the item, for a total discount of $65*0.40, or $26. The member price is 65$-26$ or 39$.
Answer: D
I have a doubt in explanation of statement 2.
hallfootball Elite097, please help me in understanding this.
statement 2 ask : "Loyal members who purchase online save more than 50% off the cost of their
total purchases and shipping compared to nonmembers."
it says "total purchases", for example i bought some items
TODAY and saved 50%. which must be wrong right because if i buy something today, then i will save only 40%. official explanation included 10% benefits which we will get on after
1 YEAR.
From statement 2, i am not getting any hint which mentions that we should consider 1 year.