Foodmart customers regularly buy at least one of the following products: milk, chicken, or apples. 60% of shoppers buy milk, 50% buy chicken, and 35% buy apples. If 10% of the customers buy all 3 products, what percentage of Foodmart customers purchase exactly 2 of the products listed above?
a. 5%
b. 10%
c. 15%
d. 25%
e. 30%
OA after sometime
Foodmart
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- akhilsuhag
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Now, Let the people who buy single portions be a,b,c. People who buy two products= d,e,f
I made a venn diagram, I wanted to upload it but cudn't!!
a+d+e+10 = 60; a+d+e = 50------- (a)
Similarly,
b+d+f = 40------(b)
c+e+f = 25----------(c)
also given: a+b+c+d+e+f+10 = 100 or a+b+c+d+e+f = 90 ----- (d)
Add (a), (b), (c)
gives u: a+b+c+d+e+d+f+e+f = 115;
Now put (d) in this equation: 90 + d+e+f = 115; d+e+f = 25
I hope I am correct!!
I made a venn diagram, I wanted to upload it but cudn't!!
a+d+e+10 = 60; a+d+e = 50------- (a)
Similarly,
b+d+f = 40------(b)
c+e+f = 25----------(c)
also given: a+b+c+d+e+f+10 = 100 or a+b+c+d+e+f = 90 ----- (d)
Add (a), (b), (c)
gives u: a+b+c+d+e+d+f+e+f = 115;
Now put (d) in this equation: 90 + d+e+f = 115; d+e+f = 25
I hope I am correct!!
Please press "thanks" if you think my post has helped you.. Cheers!!
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- GMATGuruNY
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GmatKiss wrote:Foodmart customers regularly buy at least one of the following products: milk, chicken, or apples. 60% of shoppers buy milk, 50% buy chicken, and 35% buy apples. If 10% of the customers buy all 3 products, what percentage of Foodmart customers purchase exactly 2 of the products listed above?
a. 5%
b. 10%
c. 15%
d. 25%
e. 30%
OA after sometime
Here is the formula for 3 overlapping groups in which sometimes 2 groups overlap and sometimes all 3 groups overlap:
T = G1 + G2 + G3 - (those in 2 of the groups) - 2*(those in all 3 groups)
The big idea with overlapping groups is to subtract the overlaps. When we count everyone in the 3 groups, those in 2 of the groups will be counted twice, so they need to subtracted from the total once. Those in all 3 groups will be counted 3 times, so they need to be subtracted from the total twice.
In the problem above:
T = 100.
G1+G2+G3 = milk + cheese + apples = 60+50+35 = 145.
Those buy exactly 2 products = x.
Those who buy all 3 products = 10.
Plugging these values into the formula, we get:
100 = 145 - x - 2*10
x = 25.
The correct answer is D.
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Hi,GMATGuruNY wrote:GmatKiss wrote:Foodmart customers regularly buy at least one of the following products: milk, chicken, or apples. 60% of shoppers buy milk, 50% buy chicken, and 35% buy apples. If 10% of the customers buy all 3 products, what percentage of Foodmart customers purchase exactly 2 of the products listed above?
a. 5%
b. 10%
c. 15%
d. 25%
e. 30%
OA after sometime
Here is the formula for 3 overlapping groups in which sometimes 2 groups overlap and sometimes all 3 groups overlap:
T = G1 + G2 + G3 - (those in 2 of the groups) - 2*(those in all 3 groups)
The big idea with overlapping groups is to subtract the overlaps. When we count everyone in the 3 groups, those in 2 of the groups will be counted twice, so they need to subtracted from the total once. Those in all 3 groups will be counted 3 times, so they need to be subtracted from the total twice.
In the problem above:
T = 100.
G1+G2+G3 = milk + cheese + apples = 60+50+35 = 145.
Those buy exactly 2 products = x.
Those who buy all 3 products = 10.
Plugging these values into the formula, we get:
100 = 145 - x - 2*10
x = 25.
The correct answer is D.
Why is 10 multiplied by 2 in the solution?
Please help
TIA,
GK
- GMATGuruNY
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Please revisit the sentence in bolded red above.GmatKiss wrote:Hi,GMATGuruNY wrote:GmatKiss wrote:Foodmart customers regularly buy at least one of the following products: milk, chicken, or apples. 60% of shoppers buy milk, 50% buy chicken, and 35% buy apples. If 10% of the customers buy all 3 products, what percentage of Foodmart customers purchase exactly 2 of the products listed above?
a. 5%
b. 10%
c. 15%
d. 25%
e. 30%
OA after sometime
Here is the formula for 3 overlapping groups in which sometimes 2 groups overlap and sometimes all 3 groups overlap:
T = G1 + G2 + G3 - (those in 2 of the groups) - 2*(those in all 3 groups)
The big idea with overlapping groups is to subtract the overlaps. When we count everyone in the 3 groups, those in 2 of the groups will be counted twice, so they need to subtracted from the total once. Those in all 3 groups will be counted 3 times, so they need to be subtracted from the total twice.
In the problem above:
T = 100.
G1+G2+G3 = milk + cheese + apples = 60+50+35 = 145.
Those buy exactly 2 products = x.
Those who buy all 3 products = 10.
Plugging these values into the formula, we get:
100 = 145 - x - 2*10
x = 25.
The correct answer is D.
Why is 10 multiplied by 2 in the solution?
Please help
TIA,
GK
The 10 people who buy all 3 products get counted 3 times -- when we count the 60 who buy milk, the 50 who buy cheese, and the 35 who buy apples -- so these 10 people must be subtracted TWICE so that we don't triple-count them.
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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].
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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