Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2512:30 AM EDT
-01:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Apr 2601:30 AM EDT
-02:30 AM EDT
Learn how Keshav, a Chartered Accountant, scored an impressive 705 on GMAT in just 30 days with GMATWhiz's expert guidance. In this video, he shares preparation tips and strategies that worked for him, including the mock, time management, and more.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
May 0111:00 AM PDT
-12:00 PM PDT
Free- full-length test + 15 concept videos + 150+ short videos + study plan!
08 Mar 2017, 04:10
Kudos
Bookmarks
D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
78% (03:15) correct
22%
(03:22)
wrong
based on 232
sessions
History
Date
Time
Result
Not Attempted Yet
A department store receives a shipment of 1,000 shirts, for which it pays $9,000. The store sells the shirts at a price 80 percent above cost for one month, after which it reduces the price of the shirts to 20 percent above cost. The store sells 75 percent of the shirts during the first month and 50 percent of the remaining shirts afterward. How much gross income did sales of the shirts generate?
(A) $10,000
(B) $10,800
(C) $12,150
(D) $13,500
(E) $16,200
(A) $10,000
(B) $10,800
(C) $12,150
(D) $13,500
(E) $16,200
0akshay0
Joined: 19 Apr 2016
Last visit: 14 Jul 2019
Posts: 192
Given Kudos: 59
Location: India
Schools: Jindal '20 Kelley '20 Broad '20 Carey '20 Mays '20
GMAT 1: 570 Q48 V22
GMAT 2: 640 Q49 V28
GPA: 3.5
WE:Web Development (Computer Software)
08 Mar 2017, 04:18
Kudos
Bookmarks
SajjadAhmad
0.75*1000 ------ 75% of 1000
0.25*1000*0.5 ------ half of the remaining 25% of 1000
9 ----- price of each tshirt
1.8 ----- 80 percent above cost
1.2 ----- 20 percent above cost
gross income = 0.75*1000*9*1.8 + 0.25*1000*0.5*1.2*9 = 12150 + 1350 = 13500
Hence option D is correct
Hit Kudos if you liked it
General Discussion
10 Mar 2017, 10:34
Kudos
Bookmarks
SajjadAhmad
We are given that a department store receives a shipment of 1,000 shirts, for which it pays $9,000. Thus, the cost per shirt is 9 dollars per shirt.
Since the store sells the shirts at a price 80 percent above cost for one month, the selling price for that month is 1.8 x 9 = $16.20. Since 75 percent of the shirts or 0.75 x 1,000 = 750 shirts are sold during this month, the revenue earned is 750 x 16.2 = $12,150.
After that month, 50% of the remaining shirts or 0.5 x 250 = 125 shirts are sold at a cost of 1.2 x 9 = $10.80. The revenue earned from the sale of these shirts is 125 x 10.8 = $1,350.
Thus, the gross income earned was $12,150 + $1,350 = $13,500.
Answer: D
