Q.198 PS GMAT Review 13th Edition

This topic has expert replies
Junior | Next Rank: 30 Posts
Posts: 25
Joined: Wed Mar 04, 2015 5:16 pm
Location: India
Thanked: 1 times

Q.198 PS GMAT Review 13th Edition

by Priyaranjan » Thu Mar 26, 2015 7:52 pm
Q. Last Sunday a certain store sold copies of Newspaper A for $1.00 each and copies of Newspaper B for $1.25 each, and the store sold no other newspapers that day. If r percent of the store's revenue from newspaper sales was from Newspaper A and if p percent of the newspapers that the store sold were copies of newspaper A, which of the following expresses r in terms of p?

A) 100p/125-p
B) 150p/250-p
C) 300p/375-p
D) 400p/500-p
E) 500p/625-p

User avatar
GMAT Instructor
Posts: 15539
Joined: Tue May 25, 2010 12:04 pm
Location: New York, NY
Thanked: 13060 times
Followed by:1906 members
GMAT Score:790

by GMATGuruNY » Thu Mar 26, 2015 8:02 pm
Priyaranjan wrote:Q. Last Sunday a certain store sold copies of Newspaper A for $1.00 each and copies of Newspaper B for $1.25 each, and the store sold no other newspapers that day. If r percent of the store's revenue from newspaper sales was from Newspaper A and if p percent of the newspapers that the store sold were copies of newspaper A, which of the following expresses r in terms of p?

A) 100p/125-p
B) 150p/250-p
C) 300p/375-p
D) 400p/500-p
E) 500p/625-p
Plug in values that make the math easy.

Let p=50, implying that 50% of the newspapers sold are A, while the other half are B.
In other words, the store sells an EQUAL NUMBER of each type of newspaper.
Since the price of each newspaper B = 1.25 = 5/4, let the store sell 4 OF EACH TYPE of newspaper.

Revenue from 4 copies of newspaper B = 4(1.25) = 5.
Revenue from 4 copies of newspaper A = 4*1 = 4.
Since (revenue from A)/(total revenue) = 4/9, r = (4/9)* 100 = 400/9. This is our target.

Now plug p=50 into the answers to see which yields our target of 400/9.

Answer choice D looks like a good bet, since it includes 400:
400p/(500 - p) = (400*50)/(500-50) = (400*50)/450 = 400/9.

The correct answer is D.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16207
Joined: Mon Dec 08, 2008 6:26 pm
Location: Vancouver, BC
Thanked: 5254 times
Followed by:1268 members
GMAT Score:770

by Brent@GMATPrepNow » Thu Mar 26, 2015 8:15 pm
Last Sunday a certain store sold copies of Newspaper A for $1.00 each and copies of Newspaper B for $1.25 each, and the store sold no other newspapers that day. If r percent of the store's revenues from newspaper sales was from Newspaper A and if p percent of the newspapers that the store sold were copies of newspaper A, which of the following expresses r in terms of p?

A. 100p/(125 - p)
B. 150p/(250 - p)
C. 300p/(375 - p)
D. 400p/(500 - p)
E. 500p/(625 - p)
Let's use the INPUT-OUTPUT approach.

Let's say that Newspaper A accounted for 20% of all newspapers sold. In other words, p = 20
This means that Newspaper B accounted for 80% of all newspapers sold.

The question asks us to find the value of r, the percentage of newspaper revenue from Newspaper A.
To determine this, let's say that 100 newspapers we sold IN TOTAL.
This means that 20 Newspaper A's were sold and 80 Newspaper B's were sold.

REVENUE:
Newspaper A: 20 newspapers at $1 apiece = $20
Newspaper B: 80 newspapers at $1.25 apiece = $100
So, TOTAL revenue = $120

Since Newspaper A accounted for $20 of revenue, we can say that Newspaper A accounted for 16 2/3% of revenue. In other words, r = 16 2/3
Aside: We know this because $20/$120 = 1/6 = 16 2/3%

So, when we INPUT p = 20, the OUTPUT is r = 16 2/3.
We'll now plug p = 20 into each answer choice and see which one yields an output of = 16 2/3

A. 100(20)/(125 - 20) = 2000/105.
IMPORTANT: If we want, we can use long division to evaluate this fraction (and others), but we can save a lot of time by applying some number sense. Since 2000/100 = 20, we know that 2000/105 will be SLIGHTLY less than 20. So, we can be certain that 2000/105 does not equal 16 2/3. As such, we can ELIMINATE A.

B. 150(20)/(250 - 20) = 3000/230. We know that 3000/200 = 15, so 3000/230 will be less than 15. So, we can be certain that 3000/230 does not equal 16 2/3. As such, we can ELIMINATE B.

C. 300(20)/(375 - 20) = 6000/355. Hmmm, this one is a little harder to evaluate. So,we may need to resort to some long division (yuck!). Using long division, we get 6000/355 = 16.9.... ELIMINATE C.

D. 400(20)/(500 - 20) = 8000/480 = 800/48 = 100/6 = 50/3 = 16 2/3. perfect! KEEP

E. 500(20)/(625 - 20) = 10000/605 = 100/6.05. Notice that, above, we saw that 100/6 = 16 2/3. So, 100/6.05 will NOT equal 16 2/3. ELIMINATE E.

Answer: D

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16207
Joined: Mon Dec 08, 2008 6:26 pm
Location: Vancouver, BC
Thanked: 5254 times
Followed by:1268 members
GMAT Score:770

by Brent@GMATPrepNow » Thu Mar 26, 2015 8:15 pm
Last Sunday a certain store sold copies of Newspaper A for $1.00 each and copies of Newspaper B for $1.25 each, and the store sold no other newspapers that day. If r percent of the store's revenues from newspaper sales was from Newspaper A and if p percent of the newspapers that the store sold were copies of newspaper A, which of the following expresses r in terms of p?

A. 100p/(125 - p)
B. 150p/(250 - p)
C. 300p/(375 - p)
D. 400p/(500 - p)
E. 500p/(625 - p)
If you're not sure how to proceed with this question, or if you're behind on time and you want to catch up, you can give yourself a 50-50 chance in about 10 seconds.

To do so, we'll see what happens when we use an EXTREME value for p.
Say p = 100
In other words, 100% of the newspapers sold were Newspaper A.
This means that 100% of the revenue is from Newspaper A.
In other words, when p = 100, then r = 100

At this point, we'll plug in 100 for p and see which one yields a value of 100.
Only answer choices B and D work.
B) 150(100)/(250-100) = 100 PERFECT
D) 400(100)/(500-100) = 100 PERFECT

Now take a guess (B or D) and move on.

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image