Last visit was: 27 Apr 2026, 08:47 It is currently 27 Apr 2026, 08:47
Home
Messages
Tests
Schools
Events
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
Back to Forum
Create Topic
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 27 Apr 2026
Posts: 109,928
Own Kudos:
811,568
Given Kudos: 105,914
Products:
GMAT Club Tests Forum Quiz
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 109,928
Kudos: 811,568
A travel company wants to charter a plane to the Bahamas. Chartering 24 Aug 2016, 05:12
Kudos
Add Kudos
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide
Show
History
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

5% (low)

Question Stats:

86% (01:10) correct 14% (01:32) wrong based on 87 sessions

History

Date
Time
Result
Not Attempted Yet
A travel company wants to charter a plane to the Bahamas. Chartering the plane costs $8,000. So far, 18 people have signed up for the trip. If the company charges $300 per ticket, how many more passengers must sign up for the trip before the company can make any profit on the charter?

A. 7
B. 9
C. 13
D. 27
E. 45
ShowHide Answer
Official Answer
B
User avatar
Senthil1981
User avatar
Joined: 23 Apr 2015
Last visit: 14 Oct 2021
Posts: 225
Own Kudos:
618
 [1]
Given Kudos: 36
Location: United States
Concentration: General Management, International Business
Schools: Booth PT '19 Ross Weekend"19
WE:Engineering (Consulting)
Schools: Booth PT '19 Ross Weekend"19
Posts: 225
Kudos: 618
 [1]
A travel company wants to charter a plane to the Bahamas. Chartering 24 Aug 2016, 06:16
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
A travel company wants to charter a plane to the Bahamas. Chartering the plane costs $8,000. So far, 18 people have signed up for the trip. If the company charges $300 per ticket, how many more passengers must sign up for the trip before the company can make any profit on the charter?

A. 7
B. 9
C. 13
D. 27
E. 45
Show more


Number of passengers required to meet the Cost = \(\frac{8,000}{300} = 26.XXX\)
So once there are 27 passengers, the start making profit. Already there are 18, so 27-18 = 9 more are required.
Answer is B



+1 for kudos
User avatar
paidlukkha
User avatar
Joined: 11 Nov 2014
Last visit: 21 Apr 2017
Posts: 248
Own Kudos:
371
Given Kudos: 17
Location: India
Concentration: Finance, International Business
Schools: ISB '18 Great Lakes '18 SPJ PGPM"17 LBS '18 NTU '18 NUS '18
WE:Project Management (Telecommunications)
Schools: ISB '18 Great Lakes '18 SPJ PGPM"17 LBS '18 NTU '18 NUS '18
Posts: 248
Kudos: 371
A travel company wants to charter a plane to the Bahamas. Chartering 24 Aug 2016, 06:51
Kudos
Add Kudos
Bookmarks
Bookmark this Post
18*300 = 5400
8000-5400= 2600
2600/300 = 26.xx
minimum 27 people

so 27-18=9 (B)
User avatar
duahsolo
User avatar
Joined: 02 Jun 2015
Last visit: 31 Jul 2023
Posts: 143
Own Kudos:
773
Given Kudos: 1,196
Location: Ghana
Posts: 143
Kudos: 773
A travel company wants to charter a plane to the Bahamas. Chartering 24 Aug 2016, 11:07
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
A travel company wants to charter a plane to the Bahamas. Chartering the plane costs $8,000. So far, 18 people have signed up for the trip. If the company charges $300 per ticket, how many more passengers must sign up for the trip before the company can make any profit on the charter?

A. 7
B. 9
C. 13
D. 27
E. 45
Show more

Q: Additional passengers (i.e., an integer, let's say x) who must sign up BEFORE the company can make ANY profit = ?

300 * 18 + 300 * x >= 8000

5400 + 300x >= 8000

300x >= 2600

x >= 2600/300

x >= 8.66 ===> since we want an integer, then x (i.e., additional passengers needed to sign up) must be at least 9 before the company can make any profit

Answer: B
User avatar
law258
User avatar
Joined: 05 Sep 2016
Last visit: 11 Oct 2020
Posts: 259
Own Kudos:
121
Given Kudos: 283
Status:DONE!
Posts: 259
Kudos: 121
A travel company wants to charter a plane to the Bahamas. Chartering 19 Oct 2016, 11:41
Kudos
Add Kudos
Bookmarks
Bookmark this Post
How many people need to sign up for the company to make a profit? --> Question is basically asking how many times can 300 go into 8000; anything above the result will generate a profit

so... 80/3 = 26 R 2 --> From this we know that if 26-18 = 8 more people sign up, company will still not see a profit,

add 1 person to generate profit --> 8+1 = 9
User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 38,986
Own Kudos:
1,119
Posts: 38,986
Kudos: 1,119
A travel company wants to charter a plane to the Bahamas. Chartering 16 Feb 2025, 05:43
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Automated notice from GMAT Club BumpBot:

A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.

This post was generated automatically.
Moderators:
Bunuel
Math Expert
109928 posts
Krunaal
Tuck School Moderator
852 posts