A publisher printed 50,000 copies of a book. All but 500 copies were sold. Of the books sold, 10 percent were sold at ha

Expert replies

Previous Topic Next Topic

BTGModeratorVI: Legendary Member; Posts: 1223; Joined: Sat Feb 15, 2020 2:23 pmFollowed by: 1 member

by BTGModeratorVI » Fri Aug 14, 2020 1:12 pm

Timer

00:00

Answers

Stats

Difficulty—

A publisher printed 50,000 copies of a book. All but 500 copies were sold. Of the books sold,
10 percent were sold at half price, and the remaining copies were sold at the full price of $20.
What was the publisher's total revenue?

a) $859500
b) $940500
c) $950000
d) $999500
e) $1050000

Answer: B
Source: Veritas Prep

Like this post

Source: Beat The GMAT — Problem Solving | Fri Aug 14, 2020 1:12 pm

deloitte247: Legendary Member; Posts: 2214; Joined: Fri Mar 02, 2018 2:22 pmFollowed by: 5 members

Re: A publisher printed 50,000 copies of a book. All but 500 copies were sold. Of the books sold, 10 percent were sold a

by deloitte247 » Sat Aug 15, 2020 1:44 pm

Total copies printed = 50000
Total copies sold = 50000 - 500 = 49500
Total copies sold at 1/2 price = 10% 0f 49500 = 4950
Total price sold at full price = 49500 - 4950 = 44550

Full price = $20
Half price = 20 * 1/2 = $10
Total revenue = (4950 * 10) + (44550 * 20)
= 49500 + 891000
=$940500

[b]Answer = B[/b]

Like this post

GMAT/MBA Expert

Brent@GMATPrepNow: GMAT Instructor; Posts: 16207; Joined: Mon Dec 08, 2008 6:26 pmFollowed by: 1268 members; Location: Vancouver, BC; Thanked: 5254 times; GMAT Score:770

Re: A publisher printed 50,000 copies of a book. All but 500 copies were sold. Of the books sold, 10 percent were sold a

by Brent@GMATPrepNow » Fri Jul 02, 2021 7:07 am

BTGModeratorVI wrote: ↑
Fri Aug 14, 2020 1:12 pm
A publisher printed 50,000 copies of a book. All but 500 copies were sold. Of the books sold,
10 percent were sold at half price, and the remaining copies were sold at the full price of $20.
What was the publisher's total revenue?

a) $859500
b) $940500
c) $950000
d) $999500
e) $1050000

Answer: B
Source: Veritas Prep

A publisher printed 50,000 copies of a book. All but 500 copies were sold
So, 50,000 - 500 = 49,500
So, 49,500 books we sold

Of the books sold, 10 percent were sold at half price, and the remaining copies were sold at the full price of $20.
10% of 49,500 = 4950
So, 4950 books sold for $10 apiece

49,500 - 4950 = 44,550
So, 44,550 books sold for $20 apiece

TOTAL revenue = (4950)($10) + (44,550)($20)
= 49,500 + 891,000
= 940,500
Answer: B

Brent Hanneson - Creator of GMATPrepNow.com

Like this post

Post new topic Post Reply

• Page 1 of 1

GMAT Course Reviews

560 reviews

1168 reviews

431 reviews

359 reviews

147 reviews

5/5

5 Star (560 Reviews)

"Target Test Prep is the closest to the official version of the GMAT exam, about 99% accuracy in terms of the quality and quantity of information. The course has excellently created singular sets of focused lessons and tests for every possible topic that one could come across in the official GMAT exam."

"The TTP course maximizes the efficiency of the time you spend studying. It will take time and effort but I could almost guarantee that if you complete the course exactly as it is laid out you will get an amazing score. They also have a very responsive team willing to help with any questions you might have."

"TTP has two things that I think no other test prep company offers: A teaching approach that reinforces understanding and an attitude that will give you the mental preparedness needed to succeed on the test. TTP gives you a deep understanding of the concept you need to know while teaching you how to think."

Write a Review