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# Problem Sums

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Intern
Joined: 25 Aug 2017
Posts: 2

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25 Aug 2017, 10:10
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No Bite insect repellent is being introduced in the market. The manufacturer expects 15% of Population in Swampville (20000 Population) to try the new product in its first year in the market, purchasing an average of 1.1 CAN each on first purchase of those who try the product, 25% will make an average of 2 additional purchases during the first year, purchasing the average of 1.6 CANS per repeat transaction. How many CANS of No Bite can the manufacturer expect to sell in Swampville?

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VP
Joined: 30 Jan 2016
Posts: 1064

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30 Aug 2017, 06:22
1
Jitesh01 wrote:
No Bite insect repellent is being introduced in the market. The manufacturer expects 15% of Population in Swampville (20000 Population) to try the new product in its first year in the market, purchasing an average of 1.1 CAN each on first purchase of those who try the product, 25% will make an average of 2 additional purchases during the first year, purchasing the average of 1.6 CANS per repeat transaction. How many CANS of No Bite can the manufacturer expect to sell in Swampville?

Posted from my mobile device

15 % of population will try a product, purchasing an average of 1.1 can each: (20,000 people x 0.15) x 1.1 can = 3,000 people x 1.1 can = 3,300.
Out of these 3,000, 25% will purchase again twice at an average of 1.6 cans: (3,000 people x 0.25) x 2 purchases x 1.6 cans = 750 x 3.2 = 2.400

Total 3,300 + 2,400 = 5,700

--== Message from the GMAT Club Team ==--

THERE IS LIKELY A BETTER DISCUSSION OF THIS EXACT QUESTION.
This discussion does not meet community quality standards. It has been retired.

If you would like to discuss this question please re-post it in the respective forum. Thank you!

To review the GMAT Club's Forums Posting Guidelines, please follow these links: Quantitative | Verbal Please note - we may remove posts that do not follow our posting guidelines. Thank you.

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Re: Problem Sums   [#permalink] 30 Aug 2017, 06:22
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