kevincan
Syncom sells two types of laptops, student laptops and professional laptops. The price of a professional laptop is 50 percent higher than that of a student laptop. Last year, 75 percent of the revenue from laptop sales came from professional laptops. Next year, Syncom projects that student laptop sales will increase by 12 percent, while professional laptop sales will increase by 3 percent.
If these projections hold, by approximately what percent will the total number of laptops sold by Syncom increase?
A. 5%
B. 6%
C. 7.5%
D. 9%
E. 15%
Let’s us assume the ratio for professional laptop : Student Laptop
Price = 3 : 2
Quantity = P : S
Revenue = 3*P : 2*S
Given that professional laptop = (3/4) of total revenue.
Which means the revenue ratio of professional laptop : Student laptop = 3 : 1
(3P/2S) = (3/1)
We get
P = 2STotal quantity = P+ S = 3S Now, the sales have increased.
Professional laptop =3% increases = 1.03 P = 1.03 (2S) = 2.06S
Student laptop = 12% increase = 1.12 S
Total quantity = 3.18 S
% increase = (3.18 S - 3S)/ (3S) = 0.18 /3 =
6% Option B