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14 Dec 2012, 09:16
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E
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% (01:05) correct
20%
(01:02)
wrong
based on 1400
sessions
History
Date
Time
Result
Not Attempted Yet
What was the total amount of revenue that a theater received from the sale of 400 tickets, some of which were sold at x percent of full price and the rest of which were sold at full price?
(1) x = 50
(2) Full-price tickets sold for $20 each.
(1) x = 50
(2) Full-price tickets sold for $20 each.
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14 Dec 2012, 09:22
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What was the total amount of revenue that a theater received from the sale of 400 tickets, some of which were sold at x percent of full price and the rest of which were sold at full price?
To answer the question we should know:
(i) The number of tickets sold at a regular price;
(ii) The number of tickets sold at a reduced price;
(iii) The price of a regular ticket;
(iiii) The price of a reduced ticket.
(1) x = 50. Not sufficient.
(2) Full-price tickets sold for $20 each. We know (iii) only. Not sufficient.
(1)+(2) We only know (iii) and (iiii). Not sufficient.
Answer; E.
To answer the question we should know:
(i) The number of tickets sold at a regular price;
(ii) The number of tickets sold at a reduced price;
(iii) The price of a regular ticket;
(iiii) The price of a reduced ticket.
(1) x = 50. Not sufficient.
(2) Full-price tickets sold for $20 each. We know (iii) only. Not sufficient.
(1)+(2) We only know (iii) and (iiii). Not sufficient.
Answer; E.
General Discussion
10 Jan 2014, 10:26
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Walkabout
We are given A*(x/100 *y) + B*y = TR, and A + B = 400... Where A, B are the two types of tickets (full vs non-full price), and x is the percent of the full price (y).
1) Only solves for x, we still don't know A, B or y and thus we cannot solve for TR. Insufficient
2) Gives us y, but we don't know the value of x, A or B.. Insufficient
1 + 2: We've solved for the prices, but we don't know how many tickets have been sold for the reduced price.. 399 of the 400 could've been sold for half the price and then we would get a different TR than if 399 were sold at full price.. So, E.
