The number of boats sold in 1973 was greater than the number of boats

Question

The number of boats sold in 1973 was greater than the number of boats sold in 1987. However, more money was spent buying boats in 1987 than was spent buying boats in 1973.

Which of the following statements can be properly inferred from the statements above?

(A) In 1973 the demand for boats exceeded the supply, while in 1987 the supply of b(}ats exceeded the demand. 
(B) People were willing to invest a greater proportion of their income in boats in 1987 than they were in 1973. 
(C) Between 1973 and 1987, there was a gradual increase in the proportion of large and luxuriously equipped boats sold. 
(D) The average (mean) price of boats sold in 1973' was less than 'that of boats sold in 1987. 
(E) Between 1973 and 1987, the number of new boats being made increased.

WiziusCareers1 · Answer

Obviously if purchasing fewer boats costs me higher, then the average price of the boat must be higher this time.

The answer is (A).

Archit3110 · Answer

conclusion ; more money was spent buying boats in 1987 than was spent buying boats in 1973. 
based on this the inference can be made as given in option D ; The average (mean) price of boats sold in 1973' was less than 'that of boats sold in 1987.
i..e total money spent on boats/ no of boats ; so money per boat in 1987 > than money spent in 1973

J2S2019 · Answer

carcass  &  nightblade354  Could you please help me here -

I really could not under stand how D is correct, let me explain how i came to the conclusion:

Suppose avg price of boat in 1973 was 2 units & in 1987 was 3 units, so "The average (mean) price of boats sold in 1973' was less than 'that of boats sold in 1987" - This statement holds true:

Now by the argument it is said that "The number of boats sold in 1973 was greater than the number of boats sold in 1987" - For this i have taken the no. of boats sold in 1973 was suppose 20 units & in 1987 was 10 units - so the statement holds true;

Now total cost of boats in 1973 - 20 * 2 - 40 Units
Total cost of boats in 1987 - 10 * 3 - 30 Units

So, it not generally holding true that "more money was spent buying boats in 1987 than was spent buying boats in 1973"

So how come the answer is D, it is clearly not holding true as the conclusion is shattered here. 
Until we dont know the actual number of Boats being sold in these 2 years, we cant conclude.

I choose C here.

Carcass · Answer

The number  of boats sold  in 1973  was greater than  the number  of boats  sold in 1987. However, more money was spent buying boats in 1987 than was spent buying boats in 1973.

Which of the following statements can be properly inferred from the statements above?

(A) In 1973 the demand for boats exceeded the supply, while in 1987 the supply of boats exceeded the demand.

No info about the demand. We only read about the numbers and money spent

(B) People were willing to invest a greater proportion of their income in boats in 1987 than they were in 1973.

No investment and income we do know about

(C) Between 1973 and 1987, there was a  gradual increase in the  proportion  of large and luxuriously   equipped   boats sold.

No information about in those two barely sentences

(D) The average (mean) price of boats sold in 1973' was less than 'that of boats sold in 1987.

We do know that more NUMBER of boats have been sold in 1973. And that more money spent about in 1987. Two things related to each other: the average price. few boats sold BUT more money gained in 1987 from boats

(E) Between 1973 and 1987, the number of   new  boats  being   made   increased.

No information

Hope this helps.

PS: I will change the tag of difficulty

VerbalBot · Answer

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The number of boats sold in 1973 was greater than the number of boats

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The number of boats sold in 1973 was greater than the number of boats

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