A certain charity sold tickets for its annual ball. If $5 of every ticket sold was donated to a children's center, what was the total amount of money donated to the children's center?
1.The total revenue from ticket sales was $1400.
2.If the charity had sold 30 more tickets, the amount of money donated to the children's center would have increased by 30 percent.
Logic to solve this
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Target question: What was the total amount of money donated to the children's center?[email protected] wrote:A certain charity sold tickets for its annual ball. If $5 of every ticket sold was donated to a children's center, what was the total amount of money donated to the children's center?
1.The total revenue from ticket sales was $1400.
2.If the charity had sold 30 more tickets, the amount of money donated to the children's center would have increased by 30 percent.
Given: $5 of every ticket sold was donated to a children's center
If we let T = total number of tickets sold, then the total amount of money donated to the children's center = 5T. This allows us to rephrase the target question as follows...
Rephrased target question: What is the value of 5T?
Statement 1: The total revenue from ticket sales was $1400
In order to determine the value of T, we need to know the ticket price. Otherwise, we have several conflicting possibilities. Here are two of them.
Case a: tickets are $1400 each, in which case T = 1, which means 5T = 5
Case b: tickets are $100 each, in which case T = 14, which means 5T = 70
Since we cannot answer the target question with certainty, statement 1 is NOT SUFFICIENT
Statement 2: If the charity had sold 30 more tickets, the amount of money donated to the children's center would have increased by 30 percent.
Start with a word equation:
($ donated if 30 more tickets were sold) = 130% of ($ actually donated)
In other words ($ donated if T + 30 tickets were sold) = 130% of ($ donated when T tickets are sold)
In algebraic terms, 5(T + 30) = 1.30(5T)
IMPORTANT: At this point, we should recognize that we could solve this equation for T, in which case we could definitely find the value of 5T
Since we can answer the target question with certainty, statement 2 is SUFFICIENT
Answer = B
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$5 was donated for each ticket sold.[email protected] wrote:A certain charity sold tickets for its annual ball. If $5 of every ticket sold was donated to a children's center, what was the total amount of money donated to the children's center?
1.The total revenue from ticket sales was $1400.
2.If the charity had sold 30 more tickets, the amount of money donated to the children's center would have increased by 30 percent.
Thus, if we know how many tickets were sold, we can determine the total amount of money that was donated.
Question rephrased: How many tickets were sold?
Statement 1: The total revenue from ticket sales was $1400.
No way to determine how many tickets were sold.
INSUFFICIENT.
Statement 2: If the charity had sold 30 more tickets, the amount of money donated to the children's center would have increased by 30 percent.
The amount of money donated is proportionate to the number of tickets sold ($5 donated for each ticket sold).
Thus, if the amount of money donated increases by 30%, so does the number of tickets.
Since a 30% increase in the number of tickets is equal to 30 more tickets, we get:
.3t = 30
t = 100.
Thus, 100 tickets were sold.
SUFFICIENT.
The correct answer is B.
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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].
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