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The table above shows the number of tickets sold during each of the fi
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03 Jun 2022, 01:06
03 Jun 2022, 01:06
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61% (02:04) correct
38% (02:20) wrong based on 13 sessions
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The table above shows the number of tickets sold during each of the first 4 weeks after a movie was released. The producer of the movie received 10 percent of the revenue from every ticket sold with a guaranteed minimum of $200,000 each week for the first 4 weeks. If tickets sold for $4 each, how much did the producer receive for the first 4 weeks?
(A) $800,000
(B) $900,000
(e) $1,000,000
(D) $1,200,000
(E) $1,300,000
Part of the project: GRE QCQ & PS 3 Questions Every One DAILY Challenge - (2022)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
GRE Math Essentials for a TOP Quant Score - Q170!!! (2021)
GRE Geometry Formulas for a Q170
GRE - Math Book
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
GRE Math Essentials for a TOP Quant Score - Q170!!! (2021)
GRE Geometry Formulas for a Q170
GRE - Math Book
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Re: The table above shows the number of tickets sold during each of the fi
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03 Jun 2022, 06:15
03 Jun 2022, 06:15
1
Carcass wrote:
The table above shows the number of tickets sold during each of the first 4 weeks after a movie was released. The producer of the movie received 10 percent of the revenue from every ticket sold with a guaranteed minimum of $200,000 each week for the first 4 weeks. If tickets sold for $4 each, how much did the producer receive for the first 4 weeks?
(A) $800,000
(B) $900,000
(e) $1,000,000
(D) $1,200,000
(E) $1,300,000
Part of the project: GRE QCQ & PS 3 Questions Every One DAILY Challenge - (2022)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
GRE Math Essentials for a TOP Quant Score - Q170!!! (2021)
GRE Geometry Formulas for a Q170
GRE - Math Book
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
GRE Math Essentials for a TOP Quant Score - Q170!!! (2021)
GRE Geometry Formulas for a Q170
GRE - Math Book
Week 1: (1,000,000 tickets)($4/ per ticket) = $4,000,000. So, the producer's share = 10% of $4,000,000 = $400,000
Week 2: (1,000,000 tickets)($4/ per ticket) = $4,000,000. So, the producer's share = 10% of $4,000,000 = $400,000
Week 3: (750,000 tickets)($4/ per ticket) = $3,000,000. So, the producer's share = 10% of $3,000,000 = $300,000
Week 4: (250,000 tickets)($4/ per ticket) = $1,000,000. So, the producer's share = 10% of $1,000,000 = $100,000, which gets increased to the minimum $200,000
So, in the first 4 weeks, the total amount the producer received = $400,000 + $400,000 + $300,000 + $200,000 = $1,300,000
Answer: E
gmatclubot
Re: The table above shows the number of tickets sold during each of the fi [#permalink]
03 Jun 2022, 06:15
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