BTGmoderatorDC wrote:What was the range of the selling prices of the 30 wallets sold by a certain store yesterday?
(1) 1/3 of the 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.
OA E
Source: Official Guide
Let's take each statement one by one.
We know that Range = Highest price - Lowest price
(1) 1/3 of the wallets had a selling price of $24 each.
We do not know whether $24 represents the highest price, lowest price, or none of the two. Insufficient.
(2) The lowest selling price of the wallets was 1/3 the highest selling price of the wallets.
Certainly insufficient as we do not know the highest price and lowest price. Insufficient.
(1) and (2) together
Since we do not know whether $24 represents the highest price, lowest price, or none of the two, we cannot make any conclusion. Insufficient.
The correct answer:
E
Hope this helps!
-Jay
_________________
Manhattan Review GMAT Prep
Locations:
GMAT Classes Zurich |
GMAT Prep Courses Jakarta |
LSAT Prep Courses Dallas |
SAT Prep Classes Las Vegas | and many more...
Schedule your free consultation with an experienced GMAT Prep Advisor!
Click here.
