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Neel is a distributor and Nick is a retailer. Neel purchased
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15 May 2019, 05:36
15 May 2019, 05:36
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Question Stats:
80% (00:37) correct
20% (00:33) wrong based on 25 sessions
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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.
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Posts: 186
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GMAT 1: 770 Q51 V44
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WE:Education (Education)
Re: Neel is a distributor and Nick is a retailer. Neel purchased
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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
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