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A merchant paid $300 for a shipment of x identical

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A merchant paid $300 for a shipment of x identical

by AAPL » Fri Dec 28, 2018 5:43 am

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GMAT Paper Tests

A merchant paid $300 for a shipment of x identical calculators. The merchant used 2 of the calculators as demonstrators and sold each of the others for $5 more than the average (arithmetic mean) cost of the x calculators. If the total revenue from the sale of the calculators was $120 more than the cost of the shipment, how many calculators were in the shipment?

A. 24
B. 25
C. 26
D. 28
E. 30

OA E.
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answer

by Manasa3190 » Fri Dec 28, 2018 8:17 pm
Cost of each calculator = (300/x)
selling price of each calculator is = 420/(x-2)
Since, Selling price = Cost Price + Profit

Selling Price - Cost Price = 5 (per unit)

(420/(x-2)) - (300/x) = 5
(84/(x-2) ) - (60/x) = 1
Solving the above equation,
x^2 - 26x - 120 = 0
x^2 - 30x + 6 - 120 = 0
x = 30,-6

Number of calculators can't be negative = 30
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by [email protected] » Sat Dec 29, 2018 10:51 am
Hi All,

The information in the prompt include a variety of nice 'round' numbers, so it's likely that the number of calculators in the shipment is also a round number AND divides evenly into 300. Only two of the answers 'fit' that idea - 25 and 30, so let's TEST THE ANSWERS and see if either of those values fits all of the information given in the prompt.

IF.... X = 30 and there are 30 calculators in the shipment....
The merchant paid $300/30 = $10 per calculator
2 calculators were used for demonstrations, so 30 - 2 = 28 calculators were sold
Each of the 'sold' calculators brought in $10+$5 = $15
The total revenue was ($15)(28) = $420
The total profit was $420 - $300 = $120

This is an exact match for what we were told, so this MUST be the answer.

Final Answer: E

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by Scott@TargetTestPrep » Sun Feb 10, 2019 7:27 am
AAPL wrote:GMAT Paper Tests

A merchant paid $300 for a shipment of x identical calculators. The merchant used 2 of the calculators as demonstrators and sold each of the others for $5 more than the average (arithmetic mean) cost of the x calculators. If the total revenue from the sale of the calculators was $120 more than the cost of the shipment, how many calculators were in the shipment?

A. 24
B. 25
C. 26
D. 28
E. 30

OA E.

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[email protected]

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