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What was the revenue that a theater received from the sale of 400 tick

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What was the revenue that a theater received from the sale of 400 tick  [#permalink]

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New post 28 Jul 2010, 07:48
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E

Difficulty:

  45% (medium)

Question Stats:

80% (00:39) correct 20% (00:53) wrong based on 28 sessions

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What was the revenue that a theater received from the sale of 400 tickets, some of which were sold at the full price and the remainder of which were sold at a reduced price?

(1) The number of tickets sold at the full price was 1/4 of the total number of tickets sold.
(2) The full price of a ticket was $25.

OPEN DISCUSSION OF THIS QUESTION IS HERE: what-was-the-revenue-that-a-theater-received-from-the-sale-144132.html

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Re: What was the revenue that a theater received from the sale of 400 tick  [#permalink]

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New post 28 Jul 2010, 08:21
Revenue = T * C
Total tickets(T) = 400
C - cost per ticket
T = F(full) + R(reduced)

stmt1
full price tkt=300
reduced price tkt=100

insuff as we do not know the price


stmt2
we know the price of full ticket
but we do not know how many tickets r sold as F and T

insuff


combined
not suff..since we do not know the price of reduced ticket

E
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Re: What was the revenue that a theater received from the sale of 400 tick  [#permalink]

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New post 28 Jul 2010, 14:25
E

none of the statements, tell us about the price of both tickets.
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Re: What was the revenue that a theater received from the sale of 400 tick  [#permalink]

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New post 28 Jul 2010, 18:05
xmagedo wrote:
what was the revenue that a theater received from the sale of 400 tickets, some of which were sold at the full price and the reminder of which were sold at reduced price ?

1 The number of tickets sold at the full price was 1/4 of the total number of tickets sold.

2 The full price of a ticket was $25.


thanks


We need to know the no of tickets sold at full price/reduced price ,full price and reduced price to answer the question
Statement 1 gives only the no of tickets sold at full price/reduced price and not the other two. So not sufficient
Statement 2 gives only the full price information and not the other two. So not sufficient.

After combining 1 and 2 we still don't have the reduced price. So not sufficient .Answer E
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Re: What was the revenue that a theater received from the sale of 400 tick  [#permalink]

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New post 14 Aug 2017, 01:53
What was the revenue that a theater received from the sale of 400 tickets, some of which were sold at the full price and the remainder of which were sold at a reduced 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) The number of tickets sold at the full price was 1/4 of the total number of tickets sold. 100 tickets were sold at a regular price and 300 tickets were sold at a reduced price. We know (i) and (ii) only. Not sufficient.

(2) The full price of a ticket was $25. We know only (iii). Not sufficient.

(1)+(2) We know (i), (ii) and (iii) , but we still don't know the price of a reduced ticket. Not sufficient.

Answer: E.

OPEN DISCUSSION OF THIS QUESTION IS HERE: what-was-the-revenue-that-a-theater-received-from-the-sale-144132.html

--== Message from the GMAT Club Team ==--

THERE IS LIKELY A BETTER DISCUSSION OF THIS EXACT QUESTION.
This discussion does not meet community quality standards. It has been retired.


If you would like to discuss this question please re-post it in the respective forum. Thank you!

To review the GMAT Club's Forums Posting Guidelines, please follow these links: Quantitative | Verbal Please note - we may remove posts that do not follow our posting guidelines. Thank you.

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Re: What was the revenue that a theater received from the sale of 400 tick   [#permalink] 14 Aug 2017, 01:53
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