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Updated on: 13 Aug 2018, 00:11
Originally posted by EgmatQuantExpert on 27 Jul 2018, 21:06.
Last edited by EgmatQuantExpert on 13 Aug 2018, 00:11, edited 4 times in total.
Last edited by EgmatQuantExpert on 13 Aug 2018, 00:11, edited 4 times in total.
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e-GMAT Question of the Week #9
Adam is one among many employees of ABC ltd., who procures shoes at an average cost of $40. His yearly procurement budget is $19,000 and he receives an additional budget of $3,000, if the total number of shoes sold by the company in a year exceeds 4,000 units. Did Adam receive the additional budget amount last year?
To access all the questions: Question of the Week: Consolidated List
To Read Statistics Articles:
Article 1: Solve any Mean and Standard deviation question under a minute
Article 2: Solve any Median and Range question in a minute
Adam is one among many employees of ABC ltd., who procures shoes at an average cost of $40. His yearly procurement budget is $19,000 and he receives an additional budget of $3,000, if the total number of shoes sold by the company in a year exceeds 4,000 units. Did Adam receive the additional budget amount last year?
- 1. Adam was able to procure 45 shoes on an average each month last year and he was given enough budget to procure all those shoes.
2. Last year, the lowest number of shoes sold by the company in a month was 377
To access all the questions: Question of the Week: Consolidated List
To Read Statistics Articles:
Article 1: Solve any Mean and Standard deviation question under a minute
Article 2: Solve any Median and Range question in a minute
27 Jul 2018, 21:48
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EgmatQuantExpert
e-GMAT Question of the Week #9
Adam, an employee of ABC ltd., procures shoes at an average cost of $40. His yearly procurement budget is $19,000 and he receives an additional budget of $3,000, if the total number of shoes sold exceeds 4,000 units. Did Adam receive the additional budget amount last year?
Adam, an employee of ABC ltd., procures shoes at an average cost of $40. His yearly procurement budget is $19,000 and he receives an additional budget of $3,000, if the total number of shoes sold exceeds 4,000 units. Did Adam receive the additional budget amount last year?
- 1. Adam was able to procure 45 shoes on an average each month last year and he was given enough budget to procure all the shoes.
2. Last year, the lowest number of shoes sold in a month was 377
EgmatQuantExpert, some problem/typo in the question unless the question means that SOLD may include more than what is procured in THAT year ...
earlier missed out on word SOLD and took it as procured
statement 1 and 2 are not matching if sold items include only those procured in a year...
statement I :- 45 shoes average procured
statement II :- 377 is the least in a month.
27 Jul 2018, 22:10
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It's not typo. Both procured and sold are two different things. He procured to sell those shoes to retail. Additional budget is to procure more since sales were good.
Answer is D
1) budget spent is 45 *12 * 40 > 19000 so sufficient
2) 377 *12 = 4564 min shoes sold so > 4000 hence used more budget
Posted from my mobile device
Answer is D
1) budget spent is 45 *12 * 40 > 19000 so sufficient
2) 377 *12 = 4564 min shoes sold so > 4000 hence used more budget
Posted from my mobile device
