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28 May 2019, 01:46
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
79% (01:57) correct
21%
(02:55)
wrong
based on 56
sessions
History
Date
Time
Result
Not Attempted Yet
Pierre sells lemonade for 2 dollars per glass. His costs include 5 lemons per glass at 25 cents per lemon, and 3 tablespoons of sugar per glass at 5 cents per tablespoon. If Pierre made at least 5 dollars in one day, and there were no other costs associated with making or selling the lemonade, how many glasses of lemonade could he have sold on that day?
I. 6
II. 7
III. 11
A. I only
B. II only
C. III only
D. I and II only
E. I, II and III
I. 6
II. 7
III. 11
A. I only
B. II only
C. III only
D. I and II only
E. I, II and III
Archit3110
Major Poster
28 May 2019, 02:28
Kudos
Bookmarks
Bunuel
SP= 2
CP= .25*5+.05*3 ; 1.4
profit = 2-1.4 ; 0.6
so earned ; 5$ total glasses sold ; 5/.6 ; ~ 8 so answer >8
IMO C ; 11
01 Jun 2019, 09:42
Kudos
Bookmarks
Bunuel
Just a small observation:
I think question means to say " At least $5 profit ". If that is not the case and we only mean revenue then Pierre can sell 3 glasses to earn $6 revenue or 7 glasses to earn $14 revenue or 11 glasses to earn $22. In each case he made more than the least amount of $5. So all are a possibility, if we mean revenue.
But if we mean profit then 11 glasses have to be sold to earn more then $5 profit, because per glass profit is .60 cents.According to the answer, profit is meant.
