Mar 27 03:00 PM PDT  04:00 PM PDT Join a free live webinar and learn the winning strategy for a 700+ score on GMAT & the perfect application. Save your spot today! Wednesday, March 27th at 3 pm PST Mar 29 06:00 PM PDT  07:00 PM PDT Join a FREE 1day workshop and learn how to ace the GMAT while keeping your fulltime job. Limited for the first 99 registrants. Mar 29 10:00 PM PDT  11:00 PM PDT Right now, their GMAT prep, GRE prep, and MBA admissions consulting services are up to $1,100 off. GMAT (Save up to $261): SPRINGEXTRAGMAT GRE Prep (Save up to $149): SPRINGEXTRAGRE MBA (Save up to $1,240): SPRINGEXTRAMBA Mar 30 07:00 AM PDT  09:00 AM PDT Attend this webinar and master GMAT SC in 10 days by learning how meaning and logic can help you tackle 700+ level SC questions with ease. Mar 31 07:00 AM PDT  09:00 AM PDT Attend this webinar to learn a structured approach to solve 700+ Number Properties question in less than 2 minutes.
Author 
Message 
TAGS:

Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 53831

The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
26 Aug 2012, 03:10
Question Stats:
81% (01:09) correct 19% (01:38) wrong based on 1370 sessions
HideShow timer Statistics
The profit from the sale of a certain appliance increases, though not proportionally, with the number of units sold. Did the profit exceed $4 million on sales of 380,000 units? (1) The profit exceeded $2 million on sales of 200,000 units. (2) The profit exceeded $5 million on sales of 350,000 units. Practice Questions Question: 26 Page: 277 Difficulty: 650
Official Answer and Stats are available only to registered users. Register/ Login.
_________________




Math Expert
Joined: 02 Sep 2009
Posts: 53831

Re: The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
31 Aug 2012, 02:21
SOLUTION:The profit from the sale of a certain appliance increases, though not proportionally, with the number of units sold. Did the profit exceed $4 million on sales of 380,000 units?Two important notes from the stem: A. The profit from the sale increases with the number of units sold, so the profit on sales of 2 units is more than the profit on sales of 1 unit; B. That increase is not proportional, so even though the profit on sales of 2 units is more than the profit on sales of 1 unit, it's not twice as much (it can be 1.1 times more, 5 times more, ..., 1,000,000 times more). (1) The profit exceeded $2 million on sales of 200,000 units > since the increase is not proportional we can not say whether the profit exceeded $4 million on sales of 380,000 units. Not sufficient. (2) The profit exceeded $5 million on sales of 350,000 units > since the profit on sales of 350,000 units, which is less than 380,000 units, is ALREADY greater than $4 million, then the profit on sales of 380,000 units will definitely be greater than $4 million. Sufficient. Answer: B.
_________________




Intern
Joined: 25 Jul 2012
Posts: 24
Location: India
GMAT Date: 08032013
WE: Engineering (Computer Software)

Re: The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
20 Jan 2013, 19:41
Bunuel wrote: SOLUTION:
The profit from the sale of a certain appliance increases, though not proportionally, with the number of units sold. Did the profit exceed $4 million on sales of 380,000 units?
Two important notes from the stem: A. The profit from the sale increases with the number of units sold, so the profit on sales of 2 units is more than the profit on sales of 1 unit; B. That increase is not proportional, so even though the profit on sales of 2 units is more than the profit on sales of 1 unit, it's not twice as much (it can be 1.1 times more, 5 times more, ..., 1,000,000 times more).
(1) The profit exceeded $2 million on sales of 200,000 units > since the increase is not proportional we can not say whether the profit exceeded $4 million on sales of 380,000 units. Not sufficient.
(2) The profit exceeded $5 million on sales of 350,000 units > since the profit on sales of 350,000 units, which is less than 380,000 units, is ALREADY greater than $4 million, then the profit on sales of 380,000 units will definitely be greater than $4 million. Sufficient.
Answer: B. The data is given only for 350,000 units. Here we are taking assumption that next 30,000 units fetch no loss. Is this valid point ? I'm confused.



Math Expert
Joined: 02 Sep 2009
Posts: 53831

Re: The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
21 Jan 2013, 03:35
grakesh wrote: Bunuel wrote: SOLUTION:
The profit from the sale of a certain appliance increases, though not proportionally, with the number of units sold. Did the profit exceed $4 million on sales of 380,000 units?
Two important notes from the stem: A. The profit from the sale increases with the number of units sold, so the profit on sales of 2 units is more than the profit on sales of 1 unit; B. That increase is not proportional, so even though the profit on sales of 2 units is more than the profit on sales of 1 unit, it's not twice as much (it can be 1.1 times more, 5 times more, ..., 1,000,000 times more).
(1) The profit exceeded $2 million on sales of 200,000 units > since the increase is not proportional we can not say whether the profit exceeded $4 million on sales of 380,000 units. Not sufficient.
(2) The profit exceeded $5 million on sales of 350,000 units > since the profit on sales of 350,000 units, which is less than 380,000 units, is ALREADY greater than $4 million, then the profit on sales of 380,000 units will definitely be greater than $4 million. Sufficient.
Answer: B. The data is given only for 350,000 units. Here we are taking assumption that next 30,000 units fetch no loss. Is this valid point ? I'm confused. Please read solutions carefully. We are told that: the profit from the sale increases with the number of units sold. (2) says that the profit exceeded $5 million on sales of 350,000 units. Now, the profit on sales of 350,000 units, which is less than 380,000 units, is ALREADY greater than $4 million, then the profit on sales of 380,000 units will definitely be greater than $4 million.
_________________



Intern
Joined: 25 Jul 2012
Posts: 24
Location: India
GMAT Date: 08032013
WE: Engineering (Computer Software)

Re: The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
21 Jan 2013, 07:08
Thanks for the explaination. I got it.



Manager
Joined: 21 Sep 2015
Posts: 76
Location: India
GMAT 1: 730 Q48 V42 GMAT 2: 750 Q50 V41

The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
Updated on: 24 Aug 2016, 22:21
The profit from the sale of a certain appliance increases, though not proportionally, with the number of units sold. Did the profit exceed $4 million on sales of 380,000 units? (1) The profit exceeded $2 million on sales of 200,000 units. Cant accurately say if profit was above or below 4 million since profit is not proportional to units sold. INSUFFICIENT (2) The profit exceeded $5 million on sales of 350,000 units. Profit already exceeds stipulated limit. So on sale of more units profits will increase as stated in question stem. SUFFICIENT Ans B
_________________
Appreciate any KUDOS given !
Originally posted by rishi02 on 12 Jun 2016, 06:28.
Last edited by rishi02 on 24 Aug 2016, 22:21, edited 1 time in total.



Target Test Prep Representative
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 5435
Location: United States (CA)

Re: The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
09 Aug 2016, 13:31
Quote: The profit from the sale of a certain appliance increases, though not proportionally, with the number of units sold. Did the profit exceed $4 million on sales of 380,000 units?
(1) The profit exceeded $2 million on sales of 200,000 units. (2) The profit exceeded $5 million on sales of 350,000 units. We are given that the profit from a sale of a certain appliance increases with the number of units sold. We need to determine whether the profit is greater than $4 million, on sales of 380,000 units. Statement One Alone:The profit exceeded $2 million on sales of 200,000 units. Since the increase in profit with the sales of appliances is not proportional with the number of units sold, statement one does not provide enough information to determine whether the profit exceeded $4 million on the sales of 380,000 units. We can eliminate answer choices A and D. Statement Two Alone:The profit exceeded $5 million on sales of 350,000 units. Since we know that the profit exceeded $5 million on the sale of 350,000 units, we know that the profit would exceed $4 million on the sale of 380,000 units. Statement two alone is sufficient to answer the question. The answer is B.
_________________
5star 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



Manager
Joined: 28 Apr 2016
Posts: 87

Re: The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
24 Aug 2016, 03:47
Just to verify that I have understood the basics of the question properly, I would like the ask the following:
If the numbers were flipped in the Question stem and B, and the questions asked "Did the profit exceed $4 million on sales of 350,000 units?"
(2) The profit exceeded $5 million on sales of 380,000 units.
will the answer then be E?



Manager
Joined: 11 Apr 2018
Posts: 119
Location: India
GPA: 4
WE: Information Technology (Computer Software)

Re: The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
16 Jun 2018, 08:20
Given: The profit from the sale of a certain appliance increases, though not proportionally, with the number of units sold. To find: Did the profit exceed $4 million on sales of 380,000 units?
Statement 1: The profit exceeded $2 million on sales of 200,000 units. This does not ensure us that for sale of 380,000 units we can get a profit of $4 million or above. Statement 1 is insufficient.
Statement 2: The profit exceeded $5 million on sales of 350,000 units. For 350,000 units it is 5million$. So, if it doesn't even increase further for the remaining units also, we can conclude that profit exceeds. Statement 2 is sufficient.
Correct choice: B



Intern
Joined: 22 Sep 2017
Posts: 1

Re: The profit from the sale of a certain appliance increases
[#permalink]
Show Tags
31 Jul 2018, 05:07
Quote: The profit from the sale of a certain appliance increases, though not proportionally, with the number of units sold. Did the profit exceed $4 million on sales of 380,000 units?
(1) The profit exceeded $2 million on sales of 200,000 units. (2) The profit exceeded $5 million on sales of 350,000 units.
how do we know that 380,000 units were sold? The question asks us if profit exceeded $4m on sales of 380,000 units. Given the information in statement 2, we know only that profit exceeded $5m, not that sales exceeded 350,000 units. What if sales were only 350,000 units total? Wouldn't we then have sales in excess of $5m on 350,000 units? In this case answer E would be correct.



NonHuman User
Joined: 09 Sep 2013
Posts: 10207

Re: The profit from the sale of a certain appliance, with the no
[#permalink]
Show Tags
06 Feb 2019, 04:43
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.
_________________




Re: The profit from the sale of a certain appliance, with the no
[#permalink]
06 Feb 2019, 04:43






