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Canned Soup Price

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by harsh.champ » Wed Feb 17, 2010 6:03 am
The regular price for canned soup was reduced during a sale. How much money could one have saved by purchasing a dozen 7-ounce cans of soup at the reduced price rather than at the regular price?

(1) The regular price for the 7-ounce cans was 3 for a dollar.
(2) The reduced price for the 7-ounce cans was 4 for a dollar.
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by sanju09 » Wed Feb 17, 2010 6:26 am
harsh.champ wrote:The regular price for canned soup was reduced during a sale. How much money could one have saved by purchasing a dozen 7-ounce cans of soup at the reduced price rather than at the regular price?

(1) The regular price for the 7-ounce cans was 3 for a dollar.
(2) The reduced price for the 7-ounce cans was 4 for a dollar.
A bird-eye-view to the question suggests that the stem needs to include both the regular price and the reduced price of a 7-ounce can of soup to answer what is asked. We are in every position to click [spoiler]C[/spoiler] and have any credit here, without spending a drop of ink or reserve mind.
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by shashank.ism » Sun Feb 21, 2010 9:01 pm
harsh.champ wrote:The regular price for canned soup was reduced during a sale. How much money could one have saved by purchasing a dozen 7-ounce cans of soup at the reduced price rather than at the regular price?

(1) The regular price for the 7-ounce cans was 3 for a dollar.
(2) The reduced price for the 7-ounce cans was 4 for a dollar.
(1) The regular price for the 7-ounce cans was 3 for a dollar. reduced price is not known...insuff.
(2) The reduced price for the 7-ounce cans was 4 for a dollar regular price is not known...insuff.

combined will give the ans . ans C
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by kstv » Mon Feb 22, 2010 10:03 am
The reduced price is more than the regular price. The two hints do not corelate. I will end up paying $12 more in buying at the so called reduced price.

Did the other miss this or am I sleepy.

IMO E.
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by sanju09 » Tue Feb 23, 2010 1:55 am
kstv wrote:The reduced price is more than the regular price. The two hints do not corelate. I will end up paying $12 more in buying at the so called reduced price.

Did the other miss this or am I sleepy.

IMO E.
The regular price for canned soup was reduced during a sale. How much money could one have saved by purchasing a dozen 7-ounce cans of soup at the reduced price rather than at the regular price?

(1) The regular price for the 7-ounce cans was 3 for a dollar.
(2) The reduced price for the 7-ounce cans was 4 for a dollar.

(1) gives us the regular price of each of the 7-ounce cans as = $1/3.

(2) gives us the reduced price of each of the 7-ounce cans as = $1/4.

Taken together, we can find the money that one could have saved by purchasing a single 7-ounce can of soup at the reduced price rather than at the regular price as = $(1/3 - 1/4) = $1/12

and hence, we can find the money that one could have saved by purchasing a dozen 7-ounce cans of soup at the reduced price rather than at the regular price ass = 12*$1/12 = [spoiler]$1[/spoiler].

[spoiler]C[/spoiler]
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by kstv » Tue Feb 23, 2010 3:39 am
Morn ! Thanks I was definitely sleepy.
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