Last visit was: 26 May 2024, 23:22 It is currently 26 May 2024, 23:22
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
SORT BY:
Date
Tags:
Show Tags
Hide Tags
Math Expert
Joined: 02 Sep 2009
Posts: 93463
Own Kudos [?]: 626991 [14]
Given Kudos: 81958
Send PM
Most Helpful Reply
Manager
Manager
Joined: 10 Jun 2018
Posts: 50
Own Kudos [?]: 65 [8]
Given Kudos: 1
Location: Australia
Concentration: Technology, General Management
Schools: Other Schools
GPA: 2.88
WE:Science (Pharmaceuticals and Biotech)
Send PM
Tutor
Joined: 17 Jul 2019
Posts: 1300
Own Kudos [?]: 2228 [3]
Given Kudos: 66
Location: Canada
GMAT 1: 780 Q51 V45
GMAT 2: 780 Q50 V47
GMAT 3: 770 Q50 V45
Send PM
General Discussion
Intern
Intern
Joined: 08 Jul 2017
Posts: 13
Own Kudos [?]: 32 [2]
Given Kudos: 222
Location: Greece
GPA: 3.31
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
1
Kudos
1
Bookmarks
Ticket-sale reveue for:
Thursday night: 200*40=8,000
Friday night: 240*50=12,000
Saturday afternoon: 220*40=8,800
Saturday night: 300*50=15,000

Maximum: 15,000
Minimum: 8,000

As a result, the difference between the maximum and the minimum ticket-sale revenue is: 15,000-8,000=7,000

The correct answer is D.
e-GMAT Representative
Joined: 04 Jan 2015
Posts: 3723
Own Kudos [?]: 17029 [1]
Given Kudos: 165
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
1
Kudos
Expert Reply

Solution



Given:
    • The data in the table shows the ticket sales from four performances of a certain play

To find:
    • The difference between the maximum and the minimum ticket-sale revenue from a single performance

Approach and Working:
We can calculate the revenues for each show as follows:
Ticket-sale Revenue = ticket price * number of tickets sold

Therefore,
    • Revenue on Thursday night = 40 * 200 = $8000
    • Revenue on Friday night = 50 * 240 = $12000
    • Revenue on Saturday afternoon = 40 * 220 = $8800
    • Revenue on Saturday night = 50 * 300 = $15000

Maximum revenue = $15000 and minimum revenue = $8000

Hence, the difference between the maximum and the minimum ticket-sale revenue from a single performance = ($15000 - $8000) = $7000

Hence, the correct answer is option D.

Answer: D
Target Test Prep Representative
Joined: 04 Mar 2011
Status:Head GMAT Instructor
Affiliations: Target Test Prep
Posts: 3042
Own Kudos [?]: 6383 [3]
Given Kudos: 1646
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
3
Kudos
Expert Reply
Bunuel wrote:


The table shows a summary of the ticket sales from four performances of a certain play. What is the difference between the maximum and the minimum ticket-sale revenue from a single performance?

A. $4,000

B. $5,100

C. $6,200

D. $7,000

E. $9,600


The maximum revenue was 50 x 300 = $15,000.

The minimum revenue was 40 x 200 = $8,000.

So the difference is 15,000 - 8,000 = $7,000.

Answer: D
avatar
Intern
Intern
Joined: 29 Jul 2018
Posts: 4
Own Kudos [?]: 4 [1]
Given Kudos: 1
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
1
Kudos
The wording "single performance" causes confusion here.

Solution :

$40 * 200 = 8000 <- Min
$50 * 240 = 12000
$40 * 220 = 8800
$50 * 300 = 15000 <- Max

15,000 - 8000 = 7,000

Hence D.
Intern
Intern
Joined: 14 May 2016
Posts: 16
Own Kudos [?]: 41 [0]
Given Kudos: 17
Send PM
The table shows a summary of the ticket sales from four performances o [#permalink]
Performance Time Ticket Price # of Tickets Sold Revenue Max Min Difference
Thursday 40 200 8000 15000 8000 7000
Friday 50 240 12000
Saturday afternoon 40 220 8800
Saturday night 50 300 15000
Attachments

File comment: excel table
GMAT_Quant_Guide2019_Q2.PNG
GMAT_Quant_Guide2019_Q2.PNG [ 8.61 KiB | Viewed 39867 times ]

Manager
Manager
Joined: 13 Nov 2018
Posts: 92
Own Kudos [?]: 111 [0]
Given Kudos: 16
Location: India
GMAT 1: 700 Q51 V32
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
[quote="Bunuel"]

The table shows a summary of the ticket sales from four performances of a certain play. What is the difference between the maximum and the minimum ticket-sale revenue from a single performance?

A. $4,000

B. $5,100

C. $6,200

D. $7,000

E. $9,600

Min/MAx problem:

Max: 15000
Min: 8000

Thu: 8000
Fri: 12000
Sat-afternoon-8000
Sat-night-15000
Difference: 15000- 8000=7000
OA:D
Manager
Manager
Joined: 24 Sep 2018
Posts: 66
Own Kudos [?]: 23 [0]
Given Kudos: 27
Location: India
Concentration: Entrepreneurship, Marketing
GMAT 1: 700 Q50 V37
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
Easy: 15000-8000= 7K
Board of Directors
Joined: 11 Jun 2011
Status:QA & VA Forum Moderator
Posts: 6066
Own Kudos [?]: 4716 [1]
Given Kudos: 463
Location: India
GPA: 3.5
WE:Business Development (Commercial Banking)
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
1
Bookmarks
Bunuel wrote:


The table shows a summary of the ticket sales from four performances of a certain play. What is the difference between the maximum and the minimum ticket-sale revenue from a single performance?

A. $4,000

B. $5,100

C. $6,200

D. $7,000

E. $9,600


NEW question from GMAT® Official Guide 2019


(PS09868)

Attachment:
table.jpg


Thursday Night Revenue is 4*20 = 80 (Ignoring the zeros) { Max }
Friday Night Revenue is 5*24 = 120 (Ignoring the zeros)
Saturday Afternoon Revenue is 4*22 = 88 (Ignoring the zeros)
Saturday Night Revenue is 5*30 = 150 (Ignoring the zeros) { Max }

So, The difference between the maximum and the minimum ticket-sale revenue from a single performance is 150 - 80 = 70 , Answer must be (D)
GMAT Club Legend
GMAT Club Legend
Joined: 08 Jul 2010
Status:GMAT/GRE Tutor l Admission Consultant l On-Demand Course creator
Posts: 6001
Own Kudos [?]: 13519 [0]
Given Kudos: 124
Location: India
GMAT: QUANT+DI EXPERT
Schools: IIM (A) ISB '24
GMAT 1: 750 Q51 V41
WE:Education (Education)
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
Expert Reply
Bunuel wrote:


The table shows a summary of the ticket sales from four performances of a certain play. What is the difference between the maximum and the minimum ticket-sale revenue from a single performance?

A. $4,000

B. $5,100

C. $6,200

D. $7,000

E. $9,600


Wanna make Official Questions interesting???


Click here and solve 1000+ Official Questions with Video solutions as Timed Sectional Tests


Answer: Option D

Video solution by GMATinsight



Get TOPICWISE: Concept Videos | Practice Qns 100+ | Official Qns 50+ | 100% Video solution CLICK HERE.
Two MUST join YouTube channels : GMATinsight (1000+ FREE Videos) and GMATclub :)
GMAT Club Legend
GMAT Club Legend
Joined: 03 Oct 2013
Affiliations: CrackVerbal
Posts: 4940
Own Kudos [?]: 7693 [1]
Given Kudos: 216
Location: India
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
1
Kudos
Top Contributor
Solution:

Minimum value should be b/w Thu and Sat afternoon with 40$/ticket whereas maximum price between Friday and Sat night with 50$/ticket
(as 220 corresponding to 40$,the bigger value b/w 200 and 220 is less than both 300 and 240 corresponding to 50$)

Between Thu and Sat the minimum value = 40*200 = 8000$

Between Fri and Sat night the maximum value =50*300= 15000$

Difference = 15000$-8000$

=7000$ (option d)

Devmitra Sen
GMAT SME
Intern
Intern
Joined: 03 Sep 2023
Posts: 4
Own Kudos [?]: 0 [0]
Given Kudos: 17
Send PM
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
Approach 1: Calculate fully.

Approach 2: Abhishek's approach of not using zeros, but calculating all four

Approach 3: Consider that all tickets were for 50. So, number of tickets will go down for two of the columns. We can now quickly see min and max, and without using zeroes, we have the answer using subtraction.

Posted from my mobile device
GMAT Club Bot
Re: The table shows a summary of the ticket sales from four performances o [#permalink]
Moderator:
Math Expert
93463 posts