NEW HERE? LEARN MORE
closeclose
Last visit was: 24 Apr 2024, 07:54 It is currently 24 Apr 2024, 07:54
Decision Tracker
My Rewards
New posts
New comers' posts

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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

The regular price for canned tomato sauce was reduced during a sale.

SORT BY:
Date
Kudos
Tags:
Find Similar Topics 
Show Tags
Hide Tags
User avatar
L
Bunuel
Math Expert
Joined: 02 Sep 2009
Posts: 92902
Own Kudos [?]: 618748 [0]
Given Kudos: 81587
Send PM
CAT Tests Forum Quiz Mode
The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   30 Oct 2019, 21:06
Expert Reply
00:00
A
B
C
D
E

Difficulty:

5% (low)

Question Stats:

100% (00:51) correct 0% (00:00) wrong based on 38 sessions
Hide Show timer Statistics

Competition Mode Question



The regular price for canned tomato sauce was reduced during a sale. How much money could one have saved by purchasing a dozen cans of tomato sauce at the reduced price rather than at the regular price?

(1) The regular price for canned tomato sauce was 2 for $1.50
(2) The reduced price for canned tomato sauce is 2 for $1.20
ShowHide Answer
Official Answer
C
User avatar
G
BelalHossain046
Manager
Manager
Joined: 11 Feb 2013
Posts: 202
Own Kudos [?]: 305 [1]
Given Kudos: 60
Location: United States (TX)
Concentration: Finance
GMAT 1: 490 Q44 V15
GMAT 2: 690 Q47 V38
GRE 1: Q165 V155
GPA: 3.05
WE:Analyst (Commercial Banking)
Send PM
GMAT ToolKit User
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   30 Oct 2019, 21:49
1
Kudos
I would go for C.


Statement 1: No info on reduced price.
Statement 2: no info on regular price.

Combining: for two cans I can save $0.30; for a dozen I can save $1.80. Sufficient
User avatar
G
sampriya
ISB School Moderator
Joined: 23 Nov 2018
Posts: 302
Own Kudos [?]: 253 [1]
Given Kudos: 358
Location: India
Schools: Schulich Sept '23 HEC Jan'22 Intake (D) INSEAD Jan 22 intake Erasmus RSM "22 (D) Ivey '22 (D) ISB '23 (I) NUS '23 (D)
GMAT 1: 710 Q48 V39
GPA: 2.88
Send PM
Reviews Badge
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   30 Oct 2019, 22:36
1
Kudos
The regular price for canned tomato sauce was reduced during a sale. How much money could one have saved by purchasing a dozen cans of tomato sauce at the reduced price rather than at the regular price?

(1) The regular price for canned tomato sauce was 2 for $1.50
(2) The reduced price for canned tomato sauce is 2 for $1.20

dozen=12 cans

12*cost price/can - 12*s.p/can

therefore C is the correct answer
User avatar
G
Verbal33
Manager
Manager
Joined: 29 May 2019
Posts: 69
Own Kudos [?]: 42 [1]
Given Kudos: 129
Send PM
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   30 Oct 2019, 22:46
1
Kudos
The regular price for canned tomato sauce was reduced during a sale. How much money could one have saved by purchasing a dozen cans of tomato sauce at the reduced price rather than at the regular price?

We are asked to find money saved after purchasing 12 cans. saving = regular price - reduced price

(1) The regular price for canned tomato sauce was 2 for $1.50
We have no idea about reduced price. Insufficient.

(2) The reduced price for canned tomato sauce is 2 for $1.20
We have no idea about regular price. Insufficient.

Together:
we save $0.30 per can. For 12 cans it will be 0.30 * 12.
Sufficient.

Answer: C
User avatar
D
saukrit
Senior Manager
Senior Manager
Joined: 05 Jul 2018
Status:Current student at IIMB
Affiliations: IIM Bangalore
Posts: 384
Own Kudos [?]: 404 [1]
Given Kudos: 326
Location: India
Concentration: General Management, Technology
Schools: IIMB EPGP'22 (A)
GMAT 1: 600 Q47 V26
GRE 1: Q162 V149
GPA: 3.6
WE:Information Technology (Consulting)
Send PM
Reviews Badge
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   30 Oct 2019, 22:50
1
Kudos
Let original price be O and reduced price be R per can. We are asked for 12*(O-R)=?

St1 ) 12*O=$9 . No info about R. INSUFFICIENT
St2) 12*R =$7.2. No info about O. INSUFFICIENT

St 1 + St2 SUFFICIENT as we have both the values of R and O

Answer is C
User avatar
L
madgmat2019
Director
Director
Joined: 01 Mar 2019
Posts: 592
Own Kudos [?]: 506 [1]
Given Kudos: 207
Location: India
Concentration: Strategy, Social Entrepreneurship
GMAT 1: 580 Q48 V21
GPA: 4
Send PM
Reviews Badge
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   30 Oct 2019, 23:26
1
Kudos
To calculate the difference we need both regular and reduced price..either is insufficient

So C

Posted from my mobile device
User avatar
L
Archit3110
GMAT Club Legend
GMAT Club Legend
Joined: 18 Aug 2017
Status:You learn more from failure than from success.
Posts: 8019
Own Kudos [?]: 4095 [1]
Given Kudos: 242
Location: India
Concentration: Sustainability, Marketing
GMAT Focus 1:
545 Q79 V79 DI73
GPA: 4
WE:Marketing (Energy and Utilities)
Send PM
GMAT ToolKit User CAT Tests
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   30 Oct 2019, 23:56
1
Kudos
#1
The regular price for canned tomato sauce was 2 for $1.50
price per can ; .75$ ; reduced price not know insufficeint
#2
The reduced price for canned tomato sauce is 2 for $1.20
i.e .6$ per can
existing price not know
insufficient
from 1 &2
money saved = .75-.6 ; .15$
IMO C

The regular price for canned tomato sauce was reduced during a sale. How much money could one have saved by purchasing a dozen cans of tomato sauce at the reduced price rather than at the regular price?

(1) The regular price for canned tomato sauce was 2 for $1.50
(2) The reduced price for canned tomato sauce is 2 for $1.20
User avatar
D
lacktutor
Director
Director
Joined: 25 Jul 2018
Posts: 668
Own Kudos [?]: 1117 [1]
Given Kudos: 69
Send PM
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   31 Oct 2019, 00:15
1
Kudos
(Statement1) and (Statement2) are each alone insufficient to answer the question.

—> taken together 1&2,
\((\frac{1.5}{2} —\frac{1.2}{2})*12= (0.75 —0.6)*12= 0.15* 12=$ 1.8\)

Sufficient
The answer is C

Posted from my mobile device
User avatar
B
kk47
Intern
Intern
Joined: 21 Sep 2016
Posts: 26
Own Kudos [?]: 21 [1]
Given Kudos: 187
GMAT 1: 610 Q47 V27
Send PM
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   31 Oct 2019, 00:27
1
Kudos
Let's assume following notations -

R = regular price of the cans
r = reduced price of the cans after the sale (discount)

As per the question we need to find the value of 12*(R-r)

1) R: 2 nos. for $1.50
This will give value of R only
Insufficient.

2) r: 2 nos. for $1.20
This will give value of r only
Insufficient.

1 & 2) both the statements will give values of R and r respectively and that will give us the value of 12(R-r).

Therefore, answer is (C).
avatar
P
chaitralirr
Senior Manager
Senior Manager
Joined: 17 Mar 2019
Posts: 364
Own Kudos [?]: 281 [1]
Given Kudos: 35
Location: India
Concentration: Healthcare, General Management
Schools:
GPA: 3.75
WE:Pharmaceuticals (Health Care)
Send PM
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink] New post   31 Oct 2019, 19:50
1
Kudos
The question is asking to find the cost saved on tomato cans by purchasing a dozen tomato cans at the discount price than the regular price.

Statement 1- The regular cost of 2 cans is 1.50.

Insufficient as we have to find the discount cost.

Statement 2- the discounted cost for 2 cans is given as 1.20.

Still in sufficient as we don't know the regular cost.

When we combine the 2 sentences we get that for each can the consumer can save .15 dollars so for dozen cans will save 0.15*12

Therefore combining the 2 sentences we get the answer.

IMO C

Posted from my mobile device
GMAT Club Bot
gmatclubot
Re: The regular price for canned tomato sauce was reduced during a sale. [#permalink]
31 Oct 2019, 19:50
Moderator:
Bunuel
Math Expert
92902 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions