Last visit was: 14 Jul 2025, 15:43 It is currently 14 Jul 2025, 15:43
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
User avatar
EgmatQuantExpert
User avatar
e-GMAT Representative
Joined: 04 Jan 2015
Last visit: 02 Apr 2024
Posts: 3,681
Own Kudos:
19,451
 [4]
Given Kudos: 165
Expert
Expert reply
Posts: 3,681
Kudos: 19,451
 [4]
Kudos
Add Kudos
4
Bookmarks
Bookmark this Post
User avatar
chetan2u
User avatar
GMAT Expert
Joined: 02 Aug 2009
Last visit: 14 Jul 2025
Posts: 11,294
Own Kudos:
Given Kudos: 333
Status:Math and DI Expert
Products:
Expert
Expert reply
Posts: 11,294
Kudos: 41,743
Kudos
Add Kudos
Bookmarks
Bookmark this Post
avatar
chamarts
Joined: 16 Jul 2018
Last visit: 24 Jan 2019
Posts: 5
Own Kudos:
1
 [1]
Given Kudos: 15
Posts: 5
Kudos: 1
 [1]
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
chetan2u
User avatar
GMAT Expert
Joined: 02 Aug 2009
Last visit: 14 Jul 2025
Posts: 11,294
Own Kudos:
41,743
 [1]
Given Kudos: 333
Status:Math and DI Expert
Products:
Expert
Expert reply
Posts: 11,294
Kudos: 41,743
 [1]
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
chamarts
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

when I say typo, it means procured in that year is 45*12=540, while the sale is min 377 per month, so >377*12 or >4524
now does 540 procured and 4524 sold match. either procurement and sold within a year do not have any relation or there is a typo in numbers , and ofcourse anyone sitting for gmat would know procure and sell are two different things
User avatar
EgmatQuantExpert
User avatar
e-GMAT Representative
Joined: 04 Jan 2015
Last visit: 02 Apr 2024
Posts: 3,681
Own Kudos:
Given Kudos: 165
Expert
Expert reply
Posts: 3,681
Kudos: 19,451
Kudos
Add Kudos
Bookmarks
Bookmark this Post
chetan2u
chamarts
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

when I say typo, it means procured in that year is 45*12=540, while the sale is min 377 per month, so >377*12 or >4524
now does 540 procured and 4524 sold match. either procurement and sold within a year do not have any relation or there is a typo in numbers , and ofcourse anyone sitting for gmat would know procure and sell are two different things

Hey Chetan,

Updated the question, to remove any ambiguity. :)
User avatar
EgmatQuantExpert
User avatar
e-GMAT Representative
Joined: 04 Jan 2015
Last visit: 02 Apr 2024
Posts: 3,681
Own Kudos:
Given Kudos: 165
Expert
Expert reply
Posts: 3,681
Kudos: 19,451
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Hey everyone,
We will soon post the answer to this question.

Till then, try it one more time and post your analysis.

Regards,
Ashutosh
e-GMAT
User avatar
EgmatQuantExpert
User avatar
e-GMAT Representative
Joined: 04 Jan 2015
Last visit: 02 Apr 2024
Posts: 3,681
Own Kudos:
Given Kudos: 165
Expert
Expert reply
Posts: 3,681
Kudos: 19,451
Kudos
Add Kudos
Bookmarks
Bookmark this Post

Solution



Given:
    • 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.
    • 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.

To find:
    • Did Adam receive the additional budget amount last year?

Analysing Statement 1
As per the information given in statement 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.
    • Therefore, the total spending in the year = 45 x 40 x 12 = $21600.
As $21600 is more than $19000, he must have received the additional budget.

Hence, statement 1 is sufficient to answer.

Analysing Statement 2
As per the information given in statement 2, last year, the lowest number of shoes sold by the company in a month was 377.

If we assume 377 to be the minimum for all months, then total number of shoes sold in the year = 377 x 12 = 4524
This is more than 4000, hence, he must have received the additional budget.

Hence, statement 2 is sufficient to answer.

Therefore, the correct answer is option D.

Answer: D

User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 37,398
Own Kudos:
Posts: 37,398
Kudos: 1,013
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Moderator:
Math Expert
102570 posts