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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
80% (01:16) correct
20%
(01:35)
wrong
based on 54
sessions
History
Date
Time
Result
Not Attempted Yet
Company X is considering two venues for holding an event. Venue A demands $100 per guest. Venue B demands $3000 fixed cost and an additional $40 per guest. What is the minimum number of guests that's the event must expect for the venue B to have a greater economic value?
A 30
B 40
C 50
D 51
E 60
A 30
B 40
C 50
D 51
E 60
01 Dec 2021, 12:51
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Plug the option start with highest 60
60*40 +3000= 5400 venue B
100*60=6000 Venue A
Let’s try 50
50*40+3000=5000 Venue B
100*50 =5000 venue A
They break even at 50 so 51 is minimum number hence D
Posted from my mobile device
60*40 +3000= 5400 venue B
100*60=6000 Venue A
Let’s try 50
50*40+3000=5000 Venue B
100*50 =5000 venue A
They break even at 50 so 51 is minimum number hence D
Posted from my mobile device
04 Dec 2021, 09:49
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Bunuel
Let the minimum number of guests be x
As per the given conditions:
Venue A will earn = 100x
Venue B will earn = 3000 + 40x
Again, as per the question stem:
3000 + 40x > 100x
3000 > 60x
50 > x
IMO, (D) = 51!
