Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2308:00 PM PDT
-09:00 PM PDT
Video explanations + diagnosis of 10 weakest areas + 150+ short videos + study plan!
Apr 2301:30 AM EDT
-02:30 AM EDT
Struggling with GMAT Verbal as a non-native speaker? Harsh improved his score from 595 to 695 in just 45 days—and scored a 99 %ile in Verbal (V88)! Learn how smart strategy, clarity, and guided prep helped him gain 100 points.
Apr 2512:30 AM EDT
-01:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
42% (02:06) correct
58%
(02:08)
wrong
based on 64
sessions
History
Date
Time
Result
Not Attempted Yet
In one year, 600 academic awards were given at a university, either plaques or cash awards. What was the average amount of the cash awards that were greater than $500?
(1) Four-fifths of the awards were plaques, and the total amount awarded in cash was $40,800.
(2) The 25 largest cash awards averaged $720, and the remaining cash awards averaged $240.
(1) Four-fifths of the awards were plaques, and the total amount awarded in cash was $40,800.
(2) The 25 largest cash awards averaged $720, and the remaining cash awards averaged $240.
03 Mar 2026, 10:55
Kudos
Bookmarks
kevincan
600 awards were divided into Plaques and cash awards.
But, the question asks about Average cash awards GREATER THAN $500 ?
To calculate it we need the value of cash awards greater than $500, and the number of cash awards that’s greater than $500.
Statement 1:
Four-fifths of the awards were plaques, and the total amount awarded in cash was $36,000.
plaques = (4/5)*600 = 480
cash awards = 120
This statement gives the total average of cash awards. But, we need to find the subset within cash awards, value greater than $500. Hence, Insufficient.
Statement 2:
The 25 largest cash awards averaged $720, and the remaining cash awards averaged $240.
Whats the total number of cash awards. Which is unknown. Hence, Insufficient
Combining both, we get
120 cash awards in total. Out of which 25 cash awards averaged $720.
And the remaining, 95 cash awards averaged $240.
This also gives the total average of cash awards.
But, fails to provide the average cash awards Greater than $500. Hence, Insufficient
Option E.
03 Mar 2026, 11:53
Kudos
Bookmarks
I have corrected the question to correct the inconsistency. Now the question is valid.
