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14 Feb 2025, 01:30
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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:
86% (01:10) correct
14%
(01:55)
wrong
based on 58
sessions
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Over the weekend, a shoe store sold 1/3 of the shoes in its stock. The average price of the shoes sold was $60 per pair. What was the total revenue from shoe sales over the weekend for this shoe store?
(1) When the store closed on Sunday night, 600 pairs of shoes were still in stock.
(2) The store began the weekend with 900 pairs of shoes.
(1) When the store closed on Sunday night, 600 pairs of shoes were still in stock.
(2) The store began the weekend with 900 pairs of shoes.
14 Feb 2025, 01:51
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Total number of shoes in stock, T
Shoes sold = 1/3 T
Shoes unsold/ left in stock = 2/3 T
Total Rev = Number of shoes * Avg price
= 1/3T *60
I need T to get total rev
Statement 1
2/3 T = 600
T = 900
Sufficient
Statement 2 is telling me the same thing T = 900, Sufficient
Answer is D
Shoes sold = 1/3 T
Shoes unsold/ left in stock = 2/3 T
Total Rev = Number of shoes * Avg price
= 1/3T *60
I need T to get total rev
Statement 1
2/3 T = 600
T = 900
Sufficient
Statement 2 is telling me the same thing T = 900, Sufficient
Answer is D
Bunuel
14 Feb 2025, 02:11
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Bunuel
SOld = 1/3
Selling Price = $60
Question: Revenue = ?
To find the revenue we need the number of pairs of Shoes sold
Statement 1: When the store closed on Sunday night, 600 pairs of shoes were still in stock.
i.e. 600 = 2/3 of the stock in beginning of weekend
i.e. Stock initially = 900
i.e. Shoes sold = 300
i.e. Revenue = 300*$60 =$18,000.00
SUFFICIENT
Statement 2: The store began the weekend with 900 pairs of shoes.
i.e. Shoes sold = 300
i.e. Revenue = 300*$60 =$18,000.00
SUFFICIENT
Answer: Option D
