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

Redeem

Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

★★★★★5.0559 reviews
GMATLiveTeach 7 seats left
Chris Peckover
NEXT LIVE COHORT

Oct 13 to Jan 7, 2027

with Chris Peckover

Schedule
Tue, Thu · 8:00 to 10:00 PM ET
Included
40 live hours + 6 months of GMAT OnDemand
  • Live instruction and real-time questions
  • Class recordings and assigned practice
View class & enroll
Limited cohort · enrollment openTarget Test Prep
EALiveTeach 5 seats left
Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

Schedule
Sun · 9:30 AM to 12:30 PM ET
Included
40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
  • 165+ EA Score Guarantee
  • 4,100+ Quant, Verbal, and Integrated Reasoning practice questions
  • 400+ hours of in-depth video lessons
  • 3,000+ step-by-step video solutions
View EA class & enroll
Limited cohort · enrollment openTarget Test Prep
GMATOnDemand Start anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions
Start free 5-day trial
Read 559 reviewsTarget Test Prep

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

Confused by the wording of the problem

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Legendary Member
Posts: 712
Joined: Fri Sep 25, 2015 4:39 amFollowed by: 5 members
Thanked: 14 times
by Mo2men » Thu Jan 05, 2017 2:26 am
Jeff bought a 100 items for a total of $50,000, what was the cost of the least expensive item?

(1) The highest price was 4 times the lowest price.
(2) The highest price Jeff paid was $1500.

What does 'least expensive' mean???
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Data Sufficiency |
User avatar
GMAT Instructor
Posts: 15539
Joined: Tue May 25, 2010 12:04 pmFollowed by: 1906 members
Location: New York, NY
Thanked: 13060 times
GMAT Score:790

by GMATGuruNY » Thu Jan 05, 2017 3:57 am
Mo2men wrote:What does 'least expensive'???
The least expensive item is the item with the LOWEST PRICE.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Legendary Member
Posts: 712
Joined: Fri Sep 25, 2015 4:39 amFollowed by: 5 members
Thanked: 14 times

by Mo2men » Thu Jan 05, 2017 4:07 am
GMATGuruNY wrote:
Mo2men wrote:What does 'least expensive'???
The least expensive item is the item with the LOWEST PRICE.
Thanks Mitch,

When the question ask for 'cost' while the two facts are about price. Combining the two statements, we do not have any relation between cost and price. Also, we do not have any info about how many sold in low or expensive prices. Hence, Answer is E

Is it Valid reasoning??

thanks in advance for you help
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
GMAT Instructor
Posts: 15539
Joined: Tue May 25, 2010 12:04 pmFollowed by: 1906 members
Location: New York, NY
Thanked: 13060 times
GMAT Score:790

by GMATGuruNY » Thu Jan 05, 2017 4:20 am
Mo2men wrote:
GMATGuruNY wrote:
Mo2men wrote:What does 'least expensive'???
The least expensive item is the item with the LOWEST PRICE.
Thanks Mitch,

When the question ask for 'cost' while the two facts are about price. Combining the two statements, we do not have any relation between cost and price. Also, we do not have any info about how many sold in low or expensive prices. Hence, Answer is E

Is it Valid reasoning??

thanks in advance for you help
Unfortunately, this line of reasoning is not valid.
Your confusion -- which stems from the meaning of the word cost -- is understandable.

cost = the amount of money required to buy, pay for, or do something.
For a manufacturer, cost = the amount required to PRODUCE an item.
For a customer, cost = the amount required to BUY an item.
The problem above is about a CUSTOMER (Jeff).
Thus -- in the context of this problem -- cost and price both refer to the same thing: the amount of required to BUY an item.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1