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A manufacturer makes and sells 2 products, P and Q. The reve
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01 Apr 2020, 09:42
01 Apr 2020, 09:42
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Question Stats:
64% (00:49) correct
35% (01:28) wrong based on 17 sessions
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A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?
A. $28.50
B. $27.00
C. $19.00
D. $18.50
E. $18.00
Kudos for the right answer and explanation
A. $28.50
B. $27.00
C. $19.00
D. $18.50
E. $18.00
Kudos for the right answer and explanation
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Re: A manufacturer makes and sells 2 products, P and Q. The reve
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01 Apr 2020, 09:51
01 Apr 2020, 09:51
Carcass wrote:
A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?
A. $28.50
B. $27.00
C. $19.00
D. $18.50
E. $18.00
Kudos for the right answer and explanation
A. $28.50
B. $27.00
C. $19.00
D. $18.50
E. $18.00
Kudos for the right answer and explanation
Let's plug in some NICE VALUES that satisfy the given information...
Last year the manufacturer sold twice as many units of Q as P.
So, let's say the manufacturer sold 1 P and 2 Q's
What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?
TOTAL revenue = 1($20.00) + 2($17.00)
= $20.00 + $34.00
= $54
There were 3 units sold.
So, average price = $54/3 = $18
Answer: E
RELATED VIDEO
A manufacturer makes and sells 2 products, P and Q. The reve
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27 Jul 2022, 01:51
27 Jul 2022, 01:51
1
[quote="GreenlightTestPrep"][quote="Carcass"]A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer’s average (arithmetic mean) revenue per unit sold of these 2 products last year?
A. $28.50
B. $27.00
C. $19.00
D. $18.50
E. $18.00
I am little confused about the interpretation of the line "manufacturer sold twice as many units of Q as P"
Based on my understanding - the equation must look like Q=2P instead of P=2Q. Source for such inference is an answer I picked from GMAT club. Its written below
"If you follow the above process, you will start with the clause "twice as many A". This implies that the quantity of A is two times or double the quantity of something else, which here is B.
So if there are a dozen items of B, you will have double that number for A, which would be 24. That is, A=2B.
Alternatively, to obtain the equation 2A=B, you would translate the following sentence: "There are half as many A as there are B."
Can you please help me understand why are we interpreting it differently?
A. $28.50
B. $27.00
C. $19.00
D. $18.50
E. $18.00
I am little confused about the interpretation of the line "manufacturer sold twice as many units of Q as P"
Based on my understanding - the equation must look like Q=2P instead of P=2Q. Source for such inference is an answer I picked from GMAT club. Its written below
"If you follow the above process, you will start with the clause "twice as many A". This implies that the quantity of A is two times or double the quantity of something else, which here is B.
So if there are a dozen items of B, you will have double that number for A, which would be 24. That is, A=2B.
Alternatively, to obtain the equation 2A=B, you would translate the following sentence: "There are half as many A as there are B."
Can you please help me understand why are we interpreting it differently?
