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

Redeem

Canned Soup Price

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
Legendary Member
Posts: 1132
Joined: Mon Jul 20, 2009 3:38 am
Location: India
Thanked: 64 times
Followed by:6 members
GMAT Score:760

Canned Soup Price

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.
It takes time and effort to explain, so if my comment helped you please press Thanks button :)



Just because something is hard doesn't mean you shouldn't try,it means you should just try harder.

"Keep Walking" - Johnny Walker :P
Top
Source: — Data Sufficiency |
User avatar
GMAT Instructor
Posts: 3650
Joined: Wed Jan 21, 2009 4:27 am
Location: India
Thanked: 267 times
Followed by:80 members
GMAT Score:760

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.
The mind is everything. What you think you become. -Lord Buddha



Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001

www.manyagroup.com
Top
User avatar
Legendary Member
Posts: 1022
Joined: Mon Jul 20, 2009 11:49 pm
Location: Gandhinagar
Thanked: 41 times
Followed by:2 members

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
My Websites:
www.mba.webmaggu.com - India's social Network for MBA Aspirants

www.deal.webmaggu.com -India's online discount, coupon, free stuff informer.

www.dictionary.webmaggu.com - A compact free online dictionary with images.

Nothing is Impossible, even Impossible says I'm possible.
Top
Legendary Member
Posts: 610
Joined: Fri Jan 15, 2010 12:33 am
Thanked: 47 times
Followed by:2 members

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.
Top
User avatar
GMAT Instructor
Posts: 3650
Joined: Wed Jan 21, 2009 4:27 am
Location: India
Thanked: 267 times
Followed by:80 members
GMAT Score:760

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]
The mind is everything. What you think you become. -Lord Buddha



Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001

www.manyagroup.com
Top
Legendary Member
Posts: 610
Joined: Fri Jan 15, 2010 12:33 am
Thanked: 47 times
Followed by:2 members

by kstv » Tue Feb 23, 2010 3:39 am
Morn ! Thanks I was definitely sleepy.
Top
Post new topic Post Reply
• Page 1 of 1