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The table above shows the number of tickets sold during each of the fi

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The table above shows the number of tickets sold during each of the fi  [#permalink]

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New post 29 Nov 2018, 08:53
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Difficulty:

  65% (hard)

Question Stats:

57% (02:02) correct 43% (02:05) wrong based on 194 sessions

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The table above shows the number of tickets sold during each of the first 4 weeks after a movie was released. The producer of the movie received 10 percent of the revenue from every ticket sold with a guaranteed minimum of $200,000 each week for the first 4 weeks. If tickets sold for $4 each, how much did the producer receive for the first 4 weeks?

(A) $800,000
(B) $900,000
(e) $1,000,000
(D) $1,200,000
(E) $1,300,000

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Table.JPG
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Re: The table above shows the number of tickets sold during each of the fi  [#permalink]

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New post 29 Nov 2018, 12:59
If a ticket costs $4, then:

revenues of day 1 = 1,000,000 * 4 = 4,000,000 with 10% profit with value of 400k (>200k so accepted)
revenues of day 2 = 1,000,000 * 4 = 4,000,000 with 10% profit with value of 400k (>200k so accepted)
revenues of day 3 = 750,000 * 4 = 3,000,000 with 10% profit with value of 300k (>200k so accepted)
revenues of day 4 = 250,000 * 4 = 1,000,000 with 10% profit with value of 100k (<200k so rejected and the producer receives a minimum quote of 200k for the fourth week)

Sum profit received in 4 weeks = 400k+400k+300k+200k = 1300k = 1,300,000

so the answer is E.

(evaluate as a low difficulty question)
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The table above shows the number of tickets sold during each of the fi  [#permalink]

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New post 29 Nov 2018, 13:29
HKD1710 wrote:
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The table above shows the number of tickets sold during each of the first 4 weeks after a movie was released. The producer of the movie received 10 percent of the revenue from every ticket sold with a guaranteed minimum of $200,000 each week for the first 4 weeks. If tickets sold for $4 each, how much did the producer receive for the first 4 weeks?

(A) $800,000
(B) $900,000
(e) $1,000,000
(D) $1,200,000
(E) $1,300,000

Project PS Butler : Question #48


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Attachment:
Table.JPG



10% OF 4 IS 0.4 CENTS

WEEK ONE: 1,000, 000 *0.4 * 0.1 = 400, 000
WEEK TWO: 1,000, 000 *0.4 * 0.1 = 400, 000
WEEK THREE: 750,000 *0.4*0.1 = 300,000
WEEK FOUR: 250,000 *0.4*0.1 = 100,000 (SINCE THE MINIMUM GUARANTEE IS 200,000) HENCE IT SJOULD BE 200,000

400+400+300+200 = 1300


IMO: E
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Re: The table above shows the number of tickets sold during each of the fi  [#permalink]

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New post 27 Jan 2019, 11:09
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I think the language is a bit confusing I thought min guaranteed amount is 200k per week for 4 weeks tantamount to 800k.
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Re: The table above shows the number of tickets sold during each of the fi   [#permalink] 27 Jan 2019, 11:09
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