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.
A computer manufacturer builds 1,000 computers and all of th
[#permalink]
20 Jan 2020, 06:51
20 Jan 2020, 06:51
Expert Reply
2
Bookmarks
00:00
Question Stats:
26% (00:40) correct
73% (01:25) wrong based on 42 sessions
Hide Show timer Statistics
A computer manufacturer builds 1,000 computers and all of them are sold at a retail store for the same price. The total profit from all of the computer sales is $20,000, or 40% of the total cost of production for all the computers.
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Quantity A |
Quantity B |
The cost of one computer at a retail store |
$50 |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Retired Moderator
Joined: 03 Dec 2019
Posts: 348
Given Kudos: 0
Re: A computer manufacturer builds 1,000 computers and all of th
[#permalink]
20 Jan 2020, 07:56
20 Jan 2020, 07:56
1
1
Bookmarks
Carcass wrote:
A computer manufacturer builds 1,000 computers and all of them are sold at a retail store for the same price. The total profit from all of the computer sales is $20,000, or 40% of the total cost of production for all the computers.
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Quantity A |
Quantity B |
The cost of one computer at a retail store |
$50 |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
One side question: If I understand this question correctly, then we can calculate the production cost of one computer from the information given, can't we?
Re: A computer manufacturer builds 1,000 computers and all of th
[#permalink]
20 Jan 2020, 08:09
20 Jan 2020, 08:09
1
Expert Reply
I am not sure if I understood your question. However, we can figure out what the question is asking for: the cost of ONE computer.
If the profit (which is the Revenue minus the costs for the computer) is 20,000 and it is 40% of the costs we can solve
\(20,000=0.4x \)
\(x = 50,000
\)
if the profit are 20,000 and the costs are 50,000 the total operation at the retail level amount to 70,000.
So \(\frac{70,000}{1,000 }= 70\)
One computer costs 70 dollars
A is greater
Hope this helps
If the profit (which is the Revenue minus the costs for the computer) is 20,000 and it is 40% of the costs we can solve
\(20,000=0.4x \)
\(x = 50,000
\)
if the profit are 20,000 and the costs are 50,000 the total operation at the retail level amount to 70,000.
So \(\frac{70,000}{1,000 }= 70\)
One computer costs 70 dollars
A is greater
Hope this helps
