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Nash and Tucker

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Nash and Tucker

by sanju09 » Mon Feb 09, 2009 3:33 am
Two automobile manufacturers, Nash and Tucker, declared profits on the sales of their cars for the year 1998. Which manufacturer posted the greatest profit?

1. Nash's total cost per automobile is 78% of the sales price, and in 1998, it sold 250,000 automobiles.

2. Tucker's total cost per automobile is 85% of the sales price, and in 1998, it sold 200,000 automobiles.

Prove your point. OA in the next post.
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by mals24 » Mon Feb 09, 2009 3:45 am
Ill go with E

A/B/D are out since St 1 gives no information about Tucker and St 2 gives no information about Nash

C is also out since we either need to have actual numbers for the cost and sale price of each company or some relationship between the cost and sale price of the two companies. Since we have neither information C is also out.

So E.
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by mrsmarthi » Mon Feb 09, 2009 4:41 pm
We need to know atleast the total Selling price of both N and T or the SP price of each automobile inadditionl to the information provided in Stmt 1 and stmt 2.

Hence E.
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