GRE Prep 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.
Neel is a distributor and Nick is a retailer. Neel purchased
[#permalink]
15 May 2019, 05:36
15 May 2019, 05:36
Expert Reply
00:00
Question Stats:
78% (00:38) correct
21% (00:33) wrong based on 23 sessions
Hide Show timer Statistics
Neel is a distributor and Nick is a retailer. Neel purchased electronic shavers of a particular type at $4 a piece and sold all of them to Nick at $6 a piece.
Nick sold all the shavers at $8 a piece to consumers.
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
Nick sold all the shavers at $8 a piece to consumers.
Quantity A |
Quantity B |
Profit made by Neel in the deal |
Profit made by Nick in the deal |
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
GRE Prep Club Tests Editor
Joined: 13 May 2019
Affiliations: Partner at MyGuru LLC.
Posts: 186
Given Kudos: 5
Location: United States
GMAT 1: 770 Q51 V44
GRE 1: Q169 V168
WE:Education (Education)
Re: Neel is a distributor and Nick is a retailer. Neel purchased
[#permalink]
15 May 2019, 11:31
15 May 2019, 11:31
Expert Reply
Quote:
Neel is a distributor and Nick is a retailer. Neel purchased electronic shavers of a particular type at $4 a piece and sold all of them to Nick at $6 a piece.
Nick sold all the shavers at $8 a piece to consumers.
Nick sold all the shavers at $8 a piece to consumers.
Quantity A |
Quantity B |
Profit made by Neel in the deal |
Profit made by Nick in the deal |
The most efficient method for any Quantitative Comparison is to approach the information mathematically, so simply complete the arithmetic for both quantities.
Quantity A: Neel cost = $4 | Neel sales price = $6 | Neel profit = 6 - 4 = $2
Quantity B: Nick cost = $6 | Nick sales price = $8 | Nick profit = 8 - 6 = $2
The quantities are equal, so select choice C.
gmatclubot
Re: Neel is a distributor and Nick is a retailer. Neel purchased [#permalink]
15 May 2019, 11:31
Moderators:
