BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem
TTP OnDemand GMAT Video Course
Featured Course

Target Test Prep GMAT OnDemand

Scott Woodbury-Stewart’s private virtual classroom — 400 hours of master-class video lessons for the GMAT Focus Edition.

  • 715+ score guarantee — highest in the industry (99th percentile)
  • 52 chapters · 1,500+ lessons · 4,000+ practice questions
  • 400 hours of video · 1,500+ instructor-led HD smartboard lessons
  • 300,000+ students accepted to Harvard, Stanford, Wharton, Booth & Sloan & more
  • 24/7 live support + weekly Zoom office hours with GMAT instructors
  • TTP AI Assist — 24/7 AI-powered virtual tutor for instant help
  • 1,200+ flashcards + AI-powered study assistant & daily calendar
  • OnDemand, LiveTeach & GMAT Bootcamp formats available
  • Also: GRE, SAT Math & Executive Assessment courses
  • MBA Admissions Consulting now available
  • 🏆 2025 EdTech Breakthrough Award: Test Prep Solution Provider of the Year
  • 200,000+ students served
  • 5-day free trial — $0 to start, no auto-billing, cancel anytime
★★★★★ 5.0 (559 reviews)
130-pt guarantee
$0 to start then $127/mo
Start Free 5-Day Trial Read 559 Reviews →

A gym that sold only individual and family memberships

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 7187
Joined: Thu Sep 07, 2017 4:43 pmFollowed by: 23 members
by BTGmoderatorDC » Sun Jul 29, 2018 12:44 am

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty—

A gym that sold only individual and family memberships charged $500 for an individual membership. If the gym's total revenue from memberships was $450,000, what was the charge for a family membership?

(1) The revenue from individual memberships was $150,000 less than the revenue from family memberships.
(2) The total revenue generated by family memberships was twice that generated by individual memberships.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Data Sufficiency |
Legendary Member
Posts: 2214
Joined: Fri Mar 02, 2018 2:22 pmFollowed by: 5 members

by deloitte247 » Sat Aug 18, 2018 12:55 pm
Let the total revenue from individual members = m
Let the total revenue from family members = f
It is given that m + f = $450,000
Question: What is the charge for a family membership?

Statement 1 : The revenue from individual memberships was $150,000 less than the revenue from family memberships
m + $150,000 = f
Substituting this with the equation from the question above
m + f = $450,000
Where, f = m + $150,000
m + m = $150,000 = $450,000
2m = 450,000 - 150,000
$$m\ =\ \frac{\left(300,000\right)}{2}=\ \text{$150,000}$$

m = $150,00
f = $ 300,000
But there is no sufficient information on total No. of families.
Hence, statement 1 is NOT SUFFICIENT enough to find the charge for a family membership.

Statement 2 : The total revenue generated by family memberships was twice generated by individual memberships.
f = 2m: m + 2m = 450,000, m = $150,000 which is the same thing as statement 1.
Hence, statement 2 is NOT SUFFICIENT.
Combining statement 1 and 2 together,
both statement does not provide information about total number of families.
Therefore, both statement together is NOT SUFFICIENT.
Option E is CORRECT.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1