During an auction, Jerome sold 75% of the first 1,000 items he offered for sale, and 30% of the remaining items offered for sale that day. If he sold 40% of the total number of items he ever offered for sale, how many items did Jerome offer for sale?
a) 750
B) 1050
C)1800
D)3500
E)4500
OA IS E. This is a very poorly worded question from grockit.com (i felt that way!!!)
Anyways request experts to assist.
jerome auction
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So he sell 750 items (.75 x 1000) and the last is 30%. so .3x and all of that equal 40% of everything sold.
so 750 + .3x = .4(1000 + x). 750 + .3x = 400 + .4x; 350 = .1x; x = 3500. So 3500 is the remainder of items after the 1000. So total is [spoiler]3500 + 1000 = 4500 and therefore answer is E[/spoiler]
so 750 + .3x = .4(1000 + x). 750 + .3x = 400 + .4x; 350 = .1x; x = 3500. So 3500 is the remainder of items after the 1000. So total is [spoiler]3500 + 1000 = 4500 and therefore answer is E[/spoiler]
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Whole auction = A=(1000+a)
%75 of first 1000 items= 1000.%75=750
Remaining= R= (1000 - 750 +a)= (250 +a)
750 + (250 + a)30%= (1000 + a).20%
a=4250
NOT 4500
%75 of first 1000 items= 1000.%75=750
Remaining= R= (1000 - 750 +a)= (250 +a)
750 + (250 + a)30%= (1000 + a).20%
a=4250
NOT 4500
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pappueshwar wrote:During an auction, Jerome sold 75% of the first 1,000 items he offered for sale, and 30% of the remaining items offered for sale that day. If he sold 40% of the total number of items he ever offered for sale, how many items did Jerome offer for sale?
a) 750
B) 1050
C)1800
D)3500
E)4500
OA IS E. This is a very poorly worded question from grockit.com (i felt that way!!!)
Anyways request experts to assist.
oh i dont know how you solved it but here is my method...
consider X the items offered to be sold
0.75*1000 is the first items sold for 1000 items and 0.3 (x-1000) for the remaining items, both these equal 0.4 x
it would be
0.75*1000+0.3(x-1000)=0.4x
and the answer is 4500
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Of the first 1000 items offered for sale, the number sold = .75(1000) = 750.pappueshwar wrote:During an auction, Jerome sold 75% of the first 1,000 items he offered for sale, and 30% of the remaining items offered for sale that day. If he sold 40% of the total number of items he ever offered for sale, how many items did Jerome offer for sale?
a) 750
B) 1050
C)1800
D)3500
E)4500
OA IS E. This is a very poorly worded question from grockit.com (i felt that way!!!)
Anyways request experts to assist.
We can plug in the answers, which represent the total number of items offered for sale.
Since Jerome sold 40% of the total number of items offered for sale, and 40% of 1800 (answer choice C) is less than 750, eliminate A, B and C.
Answer choice D: 3500 items
Remaining items after the first 1000 = 2500.
30% of the remaining items sold = .3(2500) = 750.
Total percent sold = (750+750)/3500 = 150/350 = 3/7 ≠40%,
Eliminate D.
The correct answer is E.
Note that we had to plug in only ONE answer choice -- a very efficient way to solve the problem.
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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].
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