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In a bakery shop, 100 chocolates were available. All but 20 were sold
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31 Mar 2023, 01:52
31 Mar 2023, 01:52
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In a bakery shop, 100 chocolates were available. All but 20 were sold on Monday. Of those sold, 80% were sold at a price of $15 each, and the remaining were sold at $20 each. What was the revenue generated on Monday from these chocolates?
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Re: In a bakery shop, 100 chocolates were available. All but 20 were sold
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12 Apr 2023, 20:36
12 Apr 2023, 20:36
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Let's break down the problem step by step.
First, we calculate the number of chocolates that were sold on Monday by subtracting the chocolates that were not sold from the total available chocolates:
Chocolates sold on Monday = Total available chocolates - Chocolates not sold
Chocolates sold on Monday = 100 - 20
Chocolates sold on Monday = 80
Next, we calculate the revenue generated from the chocolates that were sold at $15 each. Since 80% of the chocolates were sold at this price, we multiply the number of chocolates sold by 80% (or 0.8) and then multiply by the price of each chocolate:
Revenue from chocolates sold at $15 each = Chocolates sold on Monday * 80% * Price per chocolate
Revenue from chocolates sold at $15 each = 80 * 0.8 * 15
Revenue from chocolates sold at $15 each = $960
Similarly, we calculate the revenue generated from the chocolates that were sold at $20 each. Since the remaining chocolates were sold at this price, we multiply the number of chocolates sold by 20% (or 0.2) and then multiply by the price of each chocolate:
Revenue from chocolates sold at $20 each = Chocolates sold on Monday * 20% * Price per chocolate
Revenue from chocolates sold at $20 each = 80 * 0.2 * 20
Revenue from chocolates sold at $20 each = $320
Finally, we add the revenue from chocolates sold at $15 each and the revenue from chocolates sold at $20 each to get the total revenue generated on Monday:
Total revenue generated on Monday = Revenue from chocolates sold at $15 each + Revenue from chocolates sold at $20 each
Total revenue generated on Monday = $960 + $320
Total revenue generated on Monday = $1280
Therefore, the correct answer is option (b) $1280.
First, we calculate the number of chocolates that were sold on Monday by subtracting the chocolates that were not sold from the total available chocolates:
Chocolates sold on Monday = Total available chocolates - Chocolates not sold
Chocolates sold on Monday = 100 - 20
Chocolates sold on Monday = 80
Next, we calculate the revenue generated from the chocolates that were sold at $15 each. Since 80% of the chocolates were sold at this price, we multiply the number of chocolates sold by 80% (or 0.8) and then multiply by the price of each chocolate:
Revenue from chocolates sold at $15 each = Chocolates sold on Monday * 80% * Price per chocolate
Revenue from chocolates sold at $15 each = 80 * 0.8 * 15
Revenue from chocolates sold at $15 each = $960
Similarly, we calculate the revenue generated from the chocolates that were sold at $20 each. Since the remaining chocolates were sold at this price, we multiply the number of chocolates sold by 20% (or 0.2) and then multiply by the price of each chocolate:
Revenue from chocolates sold at $20 each = Chocolates sold on Monday * 20% * Price per chocolate
Revenue from chocolates sold at $20 each = 80 * 0.2 * 20
Revenue from chocolates sold at $20 each = $320
Finally, we add the revenue from chocolates sold at $15 each and the revenue from chocolates sold at $20 each to get the total revenue generated on Monday:
Total revenue generated on Monday = Revenue from chocolates sold at $15 each + Revenue from chocolates sold at $20 each
Total revenue generated on Monday = $960 + $320
Total revenue generated on Monday = $1280
Therefore, the correct answer is option (b) $1280.
gmatclubot
Re: In a bakery shop, 100 chocolates were available. All but 20 were sold [#permalink]
12 Apr 2023, 20:36
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