GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 12 Nov 2019, 19:28

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

The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The cray

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Find Similar Topics 
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 58991
The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The cray  [#permalink]

Show Tags

New post 22 Oct 2018, 21:34
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

92% (01:48) correct 8% (02:13) wrong based on 66 sessions

HideShow timer Statistics

Intern
Intern
avatar
B
Joined: 10 Jun 2018
Posts: 13
Re: The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The cray  [#permalink]

Show Tags

New post 22 Oct 2018, 21:41
Cost price(CP): 570+0.5x
Selling price(SP): 10x
SP = CP
10x = 570+0.5x
9.5x = 570
x = 60

Answer is C

Posted from my mobile device
Intern
Intern
avatar
Joined: 28 Mar 2018
Posts: 5
Re: The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The cray  [#permalink]

Show Tags

New post 22 Oct 2018, 22:11
To "recoup" CP = SP
or, 570 + 0.5x = 10x
or, 9.5x = 570
or, 95x = 5700
or, x = 60.

Answer: C

However, if the aim was to gain profit, then 61 would have been the answer.
Board of Directors
User avatar
D
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4829
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User
Re: The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The cray  [#permalink]

Show Tags

New post 23 Oct 2018, 07:26
Bunuel wrote:
The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The crayons sell for 10 cents each. What is the minimum number of crayons that need to be sold so that the revenue received recoups the manufacturing cost?

A. 50

B. 57

C. 60

D. 61

E. 95


10x = 570 + 0.5x

Or, 9.5x = 570

Or, 95 = 5700

So, x = 5700/95

Or, x = 60, Answer must be (C)
_________________
Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )
Target Test Prep Representative
User avatar
V
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 8354
Location: United States (CA)
Re: The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The cray  [#permalink]

Show Tags

New post 25 Oct 2018, 09:21
Bunuel wrote:
The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The crayons sell for 10 cents each. What is the minimum number of crayons that need to be sold so that the revenue received recoups the manufacturing cost?

A. 50

B. 57

C. 60

D. 61

E. 95


Letting x = the number of crayons sold, we can create the equation:

10x = 570 + 0.5x

9.5x = 570

x = 60

Answer: C
_________________

Scott Woodbury-Stewart

Founder and CEO

Scott@TargetTestPrep.com
TTP - Target Test Prep Logo
122 Reviews

5-star rated online GMAT quant
self study course

See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews

If you find one of my posts helpful, please take a moment to click on the "Kudos" button.

GMAT Club Bot
Re: The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The cray   [#permalink] 25 Oct 2018, 09:21
Display posts from previous: Sort by

The cost, in cents, of manufacturing x crayons is 570 + 0.5x. The cray

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  





Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne