|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
13 Jan 2026, 19:00
Kudos
Bookmarks
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
68% (02:00) correct
33%
(01:43)
wrong
based on 40
sessions
History
Date
Time
Result
Not Attempted Yet
The per sofa selling price at a showroom this year was $40 more than this price last year. What was the revenue of the showroom last year?
(1) The showroom sold 20% more number of sofas this year than it did last year.
(2) The showroom earned $30,000 more revenue this year than it did last year.
(1) The showroom sold 20% more number of sofas this year than it did last year.
(2) The showroom earned $30,000 more revenue this year than it did last year.
14 Jan 2026, 00:03
Kudos
Bookmarks
ExpertsGlobal5
Let the selling price of the Sofa, last year be P.
Let the quantity sold last year be Q.
Revenue last year = P*Q
THIS YEAR:
Selling price = P+40
Quantity sold = Q2
Revenue = (P+40)*Q2
Statement 1:
The showroom sold 20% more number of sofas this year than it did last year.
Q2 = 1.2 Q
Revenue this year = PQ.
Two unknown variables. Hence, insufficient.
Statement 2:
The showroom earned $30,000 more revenue this year than it did last year.
(p+40)* Q2 - PQ = $30,000.
Hence, Insufficient
Combining both statements 1 and 2, we get
(P+40)*1.2Q - PQ = 30000
1.2PQ + 48Q - PQ = 30000
0.2PQ + 48Q = 30000
Two unknown variables, hence Insufficient
Option E
18 Jan 2026, 06:30
Kudos
Bookmarks
ExpertsGlobal5
Explanation Video:
