Last visit was: 24 Apr 2026, 13:14 It is currently 24 Apr 2026, 13:14
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
Poor Quality|      
User avatar
rohitgarg
User avatar
Joined: 07 Jul 2012
Last visit: 27 Nov 2012
Posts: 19
Own Kudos:
101
 [2]
Given Kudos: 30
GMAT Date: 10-12-2012
Posts: 19
Kudos: 101
 [2]
In Greenville last July, what was the average (arithmetic Updated on: 14 May 2017, 01:34
Originally posted by rohitgarg on 21 Sep 2012, 08:38.
Last edited by Kurtosis on 14 May 2017, 01:34, edited 2 times in total.
Renamed the topic and edited the question.
1
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide
Show
History
A
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:

79% (00:50) correct 21% (01:03) wrong based on 187 sessions

History

Date
Time
Result
Not Attempted Yet
In Greenville last July, what was the average (arithmetic mean) home sale price?

(1) In Greenville last July, there were 100 homes sold for a total of $51 million.
(2) In Greenville last July, condominiums accounted for 60% of the home sales, and the average condominium price was $450,000.

Show Spoiler
I have two documents. Both have different answers. Please explain.

This Question is Locked Due to Poor Quality
Hi there,
The question you've reached has been archived due to not meeting our community quality standards. No more replies are possible here.
Looking for better-quality questions? Check out the 'Similar Questions' block below for a list of similar but high-quality questions.
Want to join other relevant Problem Solving discussions? Visit our Data Sufficiency (DS) Forum for the most recent and top-quality discussions.
Thank you for understanding, and happy exploring!
ShowHide Answer
Official Answer
A
User avatar
rohitgarg
User avatar
Joined: 07 Jul 2012
Last visit: 27 Nov 2012
Posts: 19
Own Kudos:
101
Given Kudos: 30
GMAT Date: 10-12-2012
Posts: 19
Kudos: 101
In Greenville last July, what was the average (arithmetic 29 Sep 2012, 21:32
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Guys, Please reply.
User avatar
KarishmaB
User avatar
Joined: 16 Oct 2010
Last visit: 23 Apr 2026
Posts: 16,442
Own Kudos:
79,404
Given Kudos: 485
Location: Pune, India
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 16,442
Kudos: 79,404
In Greenville last July, what was the average (arithmetic 30 Sep 2012, 23:21
Kudos
Add Kudos
Bookmarks
Bookmark this Post
rohitgarg
In Greenville last July, what was the average (arithmetic mean) home sale price?

(1) In Greenville last July, there were 100 homes sold for a total of $51 million.
(2) In Greenville last July, condominiums accounted for 60% of the home sales, and the average condominium price was $450,000.

Show Spoiler
I have two documents. Both have different answers. Please explain.
Show more

I think people can interpret it in different ways and hence arrive at different answers.

(1) In Greenville last July, there were 100 homes sold for a total of $51 million.
It is a little unclear whether only 100 homes were sold or the data is about 100 out of all the homes sold.
avatar
Spaniard
avatar
Joined: 26 Aug 2012
Last visit: 19 Dec 2019
Posts: 7
Own Kudos:
64
 [1]
Given Kudos: 147
Concentration: Finance, International Business
GMAT 1: 710 Q48 V38
GPA: 3.01
WE:Analyst (Finance: Investment Banking)
GMAT 1: 710 Q48 V38
Posts: 7
Kudos: 64
 [1]
In Greenville last July, what was the average (arithmetic 06 Oct 2012, 06:18
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
rohitgarg
In Greenville last July, what was the average (arithmetic mean) home sale price?

(1) In Greenville last July, there were 100 homes sold for a total of $51 million.
(2) In Greenville last July, condominiums accounted for 60% of the home sales, and the average condominium price was $450,000.

Show Spoiler
I have two documents. Both have different answers. Please explain.
Show more


A looks like the answer. (If only 100 homes were sold)

1) 51mil/100 = Average of every house
SUFFICIENT

2) Taking weighted averages:
60(450000)+40(X)
------------------------- = Y
60+40
NOT SUFFICIENT

Can you please post the OAs from those two sources?
User avatar
Sachin9
User avatar
Joined: 22 Jul 2012
Last visit: 25 Dec 2015
Posts: 349
Own Kudos:
175
Given Kudos: 562
Status:Gonna rock this time!!!
Location: India
GMAT 1: 640 Q43 V34
GMAT 2: 630 Q47 V29
WE:Information Technology (Computer Software)
GMAT 2: 630 Q47 V29
Posts: 349
Kudos: 175
In Greenville last July, what was the average (arithmetic 21 Jan 2013, 08:48
Kudos
Add Kudos
Bookmarks
Bookmark this Post
how on earth would one know what a condominium is :shock: .. :evil:
User avatar
mbaiseasy
User avatar
Joined: 13 Aug 2012
Last visit: 29 Dec 2013
Posts: 316
Own Kudos:
2,095
 [1]
Given Kudos: 11
Concentration: Marketing, Finance
Schools: Full Time MBA (A$)
GPA: 3.23
Schools: Full Time MBA (A$)
Posts: 316
Kudos: 2,095
 [1]
In Greenville last July, what was the average (arithmetic 23 Jan 2013, 06:15
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
rohitgarg

In Greenville last July, what was the average (arithmetic mean) home sale price?

(1) In Greenville last July, there were 100 homes sold for a total of $51 million.
(2) In Greenville last July, condominiums accounted for 60% of the home sales, and the average condominium price was $450,000.

Show more

I think the wording of this question is unclear.

My answer:

If 100 homes represent the total units inclusive of condominiums:
1. 51,000,000 / 100 will give us the answer. SUFFICIENT.
2. .6 (450,000) + .4P =? INSUFFICIENT.

Answer: A

If 100 homes represent part of the total only...
1. INSUFFICIENT.
2. .6 (450,000) + .4P =? INSUFFICIENT.

Together (1) and (2):
100 is .4x ==> x = 1000/4 = 250

\(= .6 (250) (450,000) + 51,000,000 / 250\)
which is SUFFICIENT

Answer: C
User avatar
schittuluri
User avatar
Joined: 29 Dec 2012
Last visit: 28 May 2015
Posts: 11
Own Kudos:
105
Given Kudos: 32
Products:
My Reviews
Posts: 11
Kudos: 105
In Greenville last July, what was the average (arithmetic Updated on: 27 Jan 2013, 15:01
Originally posted by schittuluri on 26 Jan 2013, 10:30.
Last edited by schittuluri on 27 Jan 2013, 15:01, edited 4 times in total.
Kudos
Add Kudos
Bookmarks
Bookmark this Post
mbaiseasy
rohitgarg

In Greenville last July, what was the average (arithmetic mean) home sale price?

(1) In Greenville last July, there were 100 homes sold for a total of $51 million.
(2) In Greenville last July, condominiums accounted for 60% of the home sales, and the average condominium price was $450,000.


I think the wording of this question is unclear.

My answer:

If 100 homes represent the total units inclusive of condominiums:
1. 51,000,000 / 100 will give us the answer. SUFFICIENT.
2. .6 (450,000) + .4P =? INSUFFICIENT.

Answer: A

If 100 homes represent part of the total only...
1. INSUFFICIENT.
2. .6 (450,000) + .4P =? INSUFFICIENT.

Together (1) and (2):
100 is .4x ==> x = 1000/4 = 250

\(= .6 (250) (450,000) + 51,000,000 / 250\)
which is SUFFICIENT

Answer: C
Show more

___________________________

1) total ammmount (51Mil)/no.of houses(100) = Average : Sufficent
2) 60%house hold = 450,000 from this we can find out 100% of house fold

Both are sufficient - D

Could any one please confirm me the right answer?
User avatar
schittuluri
User avatar
Joined: 29 Dec 2012
Last visit: 28 May 2015
Posts: 11
Own Kudos:
105
Given Kudos: 32
Products:
My Reviews
Posts: 11
Kudos: 105
In Greenville last July, what was the average (arithmetic 26 Jan 2013, 10:30
Kudos
Add Kudos
Bookmarks
Bookmark this Post
mbaiseasy
rohitgarg

In Greenville last July, what was the average (arithmetic mean) home sale price?

(1) In Greenville last July, there were 100 homes sold for a total of $51 million.
(2) In Greenville last July, condominiums accounted for 60% of the home sales, and the average condominium price was $450,000.


I think the wording of this question is unclear.

My answer:

If 100 homes represent the total units inclusive of condominiums:
1. 51,000,000 / 100 will give us the answer. SUFFICIENT.
2. .6 (450,000) + .4P =? INSUFFICIENT.

Answer: A

If 100 homes represent part of the total only...
1. INSUFFICIENT.
2. .6 (450,000) + .4P =? INSUFFICIENT.

Together (1) and (2):
100 is .4x ==> x = 1000/4 = 250

\(= .6 (250) (450,000) + 51,000,000 / 250\)
which is SUFFICIENT

Answer: C
Show more

___________________________

1) total ammmount (51Mil)/no.of houses(100) = Average : Sufficent
2) 60%house hold = 450,000 from this we can find out 100% of house fold

Both are sufficient - D
User avatar
KarishmaB
User avatar
Joined: 16 Oct 2010
Last visit: 23 Apr 2026
Posts: 16,442
Own Kudos:
79,404
 [1]
Given Kudos: 485
Location: Pune, India
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 16,442
Kudos: 79,404
 [1]
In Greenville last July, what was the average (arithmetic 26 Jan 2013, 19:03
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Sachin9
how on earth would one know what a condominium is :shock: .. :evil:
Show more

If you come across words you are unfamiliar with, try to figure out the meaning from context.

Statement 2 says 'condominiums accounted for 60% of the home sales'. This means it is some kind of home since its sales figure was included in the home sales figure.

Also, GMAT questions don't use arcane words but you must try to familiarize yourself with the regular use words by reading more.
User avatar
swati007
User avatar
Joined: 14 Jun 2011
Last visit: 22 May 2015
Posts: 51
Own Kudos:
276
Given Kudos: 15
GMAT 1: 560 Q41 V25
Posts: 51
Kudos: 276
In Greenville last July, what was the average (arithmetic 25 Aug 2013, 21:06
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Quote:

___________________________

1) total ammmount (51Mil)/no.of houses(100) = Average : Sufficent
2) 60%house hold = 450,000 from this we can find out 100% of house fold

Both are sufficient - D
Show more

Hi schittuluri,


60%house hold = 450,000 -not true
The question says that the avg condominium price is $450,000 , not the total price.
So, 60%house hold = 450,000 * n (where n is the number of condominiums sold). Since we dont know the value of n. B is not sufficient
User avatar
kanusha
User avatar
Joined: 25 Mar 2013
Last visit: 03 Aug 2017
Posts: 156
Own Kudos:
158
Given Kudos: 101
Location: United States
Concentration: Entrepreneurship, Marketing
Schools: Yale '17 HBS '17 Stanford '17
GPA: 3.5
Products:
My Reviews
Schools: Yale '17 HBS '17 Stanford '17
Posts: 156
Kudos: 158
In Greenville last July, what was the average (arithmetic 08 Sep 2014, 21:57
Kudos
Add Kudos
Bookmarks
Bookmark this Post
My answer is A,

Target Question: Avg cost , So we need total number of houses
1, Total 100 homes and cost given
Can find an Average
But Doubt, Average mean some Of individual cost of each home/100
Here Can we assume that each cost of home is same , Even the set of values might be small or big??

2, know avg cost of 60% houses , No idea about left 40% So Insufficient

Can any one explain Statement 1?
User avatar
ash99
User avatar
Joined: 12 Apr 2013
Last visit: 03 Feb 2017
Posts: 18
Own Kudos:
131
Given Kudos: 20
Concentration: Entrepreneurship, Strategy
Products:
My Reviews
Posts: 18
Kudos: 131
In Greenville last July, what was the average (arithmetic 22 Apr 2015, 11:32
Kudos
Add Kudos
Bookmarks
Bookmark this Post
My Answer:

Average = Sum of home sales prices/Number of homes sold.

(a) Average home price is $51,000,000/100 = $510,000. But we are not sure how many homes were there overall (may be more than 100). So INSUFFICIENT

(b) From this statement, we don’t know anything about the other 40% of homes sold in Greenville, so we cannot calculate the average home sale price. INSUFFICIENT.

Answer is E.

This Question is Locked Due to Poor Quality
Hi there,
The question you've reached has been archived due to not meeting our community quality standards. No more replies are possible here.
Looking for better-quality questions? Check out the 'Similar Questions' block below for a list of similar but high-quality questions.
Want to join other relevant Problem Solving discussions? Visit our Data Sufficiency (DS) Forum for the most recent and top-quality discussions.
Thank you for understanding, and happy exploring!
Moderators:
Bunuel
Math Expert
109820 posts
kingbucky
498 posts
Gmat860sanskar
212 posts