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

Redeem

What was the range of the selling prices of the 30 wallets sold...

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 2505
Joined: Sun Oct 15, 2017 1:50 pm
Followed by:6 members

What was the range of the selling prices of the 30 wallets sold...

by BTGmoderatorLU » Fri Jun 12, 2020 4:53 am

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

Source: Official Guide

What was the range of the selling prices of the 30 wallets sold by a certain store yesterday?

1) 1/3 of the sold wallets had a selling price of $24 each.
2) The lowest selling price of the wallets was 1/3 the highest selling price of the wallets.

The OA is E
Top
Source: — Data Sufficiency |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 3008
Joined: Mon Aug 22, 2016 6:19 am
Location: Grand Central / New York
Thanked: 470 times
Followed by:34 members

Re: What was the range of the selling prices of the 30 wallets sold...

by Jay@ManhattanReview » Fri Jun 12, 2020 10:58 pm

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

BTGmoderatorLU wrote: ↑
Fri Jun 12, 2020 4:53 am
 Source: Official Guide

What was the range of the selling prices of the 30 wallets sold by a certain store yesterday?

1) 1/3 of the sold wallets had a selling price of $24 each.
2) The lowest selling price of the wallets was 1/3 the highest selling price of the wallets.

The OA is E
Range is given by the highest selling price – lowest selling price

Let's take each statement one by one.

1) 1/3 of the sold wallets had a selling price of $24 each.

We do not have any information about the highest and the lowest selling price. Insufficient.

2) The lowest selling price of the wallets was 1/3 the highest selling price of the wallets.

We do not have any information about the highest and the lowest selling price. Insufficient.

(1) and (2) together

Even both statements together are insufficient; note that we cannot assume that the price of $24 given in statement 1 is the highest price.

Correct answer: E

Hope this helps!

-Jay
_________________
Manhattan Review GMAT Prep

Locations: GRE Classes | GRE Tutoring | LSAT Tutoring | GMAT Tutoring | and many more...

Schedule your free consultation with an experienced GMAT Prep Advisor! Click here.
Top
Post new topic Post Reply
• Page 1 of 1