Five friends play blackjack in Las Vegas and lose an average

Expert replies

Previous Topic Next Topic

BTGmoderatorDC: Moderator; Posts: 7187; Joined: Thu Sep 07, 2017 4:43 pmFollowed by: 23 members

by BTGmoderatorDC » Sun Jul 14, 2019 7:48 pm

Timer

00:00

Answers

Stats

Difficulty—

Five friends play blackjack in Las Vegas and lose an average of $100 each. If the losses of two of the friends total $380, what is the average loss of the other friends?

A. $40
B. $60
C. $100
D. $120
E. $1,900

OA A

Source: Princeton Review

Like this post

Source: Beat The GMAT — Problem Solving | Sun Jul 14, 2019 7:48 pm

GMAT/MBA Expert

Brent@GMATPrepNow: GMAT Instructor; Posts: 16207; Joined: Mon Dec 08, 2008 6:26 pmFollowed by: 1268 members; Location: Vancouver, BC; Thanked: 5254 times; GMAT Score:770

by Brent@GMATPrepNow » Mon Jul 15, 2019 6:36 am

BTGmoderatorDC wrote:Five friends play blackjack in Las Vegas and lose an average of $100 each. If the losses of two of the friends total $380, what is the average loss of the other friends?

A. $40
B. $60
C. $100
D. $120
E. $1,900

Let A, B, C, D and E represent the LOSSES (in dollars) of the 5 friends

Five friends play blackjack in Las Vegas and lose an average of $100 each.
So, we can write: (A+B+C+D+E)/5 = 100
Multiply both sides by 5 to get: A+B+C+D+E = 500

If the losses of two of the friends total $380, what is the average loss of the other friends?
We can write: A+B = 380

Take: A+B+C+D+E = 500 and replace A+B with 380
We get: 380 + (C+D+E) = 500
Subtract 380 from both sides to get: C+D+E = 120

So, the AVERAGE loss of C, D and E (the other friends) = (C+D+E)/3 = 120/3 = 40

Answer: A

Cheers,
Brent

Brent Hanneson - Creator of GMATPrepNow.com

Like this post

swerve: Legendary Member; Posts: 2548; Joined: Sun Oct 29, 2017 2:04 pmFollowed by: 6 members

by swerve » Mon Jul 15, 2019 9:57 am

average loss: $100= 380+\frac{3x}{5}$
solve for $x$ we get: $x=40$

So the average loss of other friends: $\frac{120}{3}= 40\$\Rightarrow$ option __A__

Like this post

GMAT/MBA Expert

Scott@TargetTestPrep: GMAT Instructor; Posts: 8157; Joined: Sat Apr 25, 2015 10:56 amFollowed by: 29 members; Location: Los Angeles, CA; Thanked: 43 times

by Scott@TargetTestPrep » Fri Jul 26, 2019 11:08 am

BTGmoderatorDC wrote:Five friends play blackjack in Las Vegas and lose an average of $100 each. If the losses of two of the friends total $380, what is the average loss of the other friends?

A. $40
B. $60
C. $100
D. $120
E. $1,900

OA A

Source: Princeton Review

The total loss of all the friends is 500 dollars. Since two friends lost 380 dollars, the remaining 3 friends lost a total of 500 - 380 = 120 dollars, or an average of 120/3 = 40 dollars.

Answer: A

Scott Woodbury-Stewart
Founder and CEO
[email protected]

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews

Like this post

Post new topic Post Reply

• Page 1 of 1

GMAT Course Reviews

560 reviews

1168 reviews

431 reviews

359 reviews

147 reviews

5/5

5 Star (560 Reviews)

"Target Test Prep is the closest to the official version of the GMAT exam, about 99% accuracy in terms of the quality and quantity of information. The course has excellently created singular sets of focused lessons and tests for every possible topic that one could come across in the official GMAT exam."

"The TTP course maximizes the efficiency of the time you spend studying. It will take time and effort but I could almost guarantee that if you complete the course exactly as it is laid out you will get an amazing score. They also have a very responsive team willing to help with any questions you might have."

"TTP has two things that I think no other test prep company offers: A teaching approach that reinforces understanding and an attitude that will give you the mental preparedness needed to succeed on the test. TTP gives you a deep understanding of the concept you need to know while teaching you how to think."

Write a Review