A souvenir shop made $2,400 in revenue selling Large and small Postcards .The large postcard costs twice as much as the small postcards,and the souvenir sold 950 large postcards, and it sold nothing besides the two sizes, then how many small postcards did it sell?
(1) A large postcard costs $2.
(2) If the cart had sold 20% fewer postcards, its revenue would have been reduced by 4 1/6%.
I do understand (1)
But when it comes to (2) I fail to understand.
From statement 2-- Number of large cards equals 950. Let S be number of small cards,and x be the price of the small card,2x price of the large card
So we have the equation
950(2x)+(0.8)S(x)=2300
There is no way one can find out the value of S without knowing the price x.
Please explain why the answer is D.
Thanks alot.
Finding this hard to Understand--Please help!!!
This topic has expert replies
-
- Master | Next Rank: 500 Posts
- Posts: 209
- Joined: Thu Jan 12, 2012 12:59 pm
GMAT/MBA Expert
- [email protected]
- Elite Legendary Member
- Posts: 10392
- Joined: Sun Jun 23, 2013 6:38 pm
- Location: Palo Alto, CA
- Thanked: 2867 times
- Followed by:511 members
- GMAT Score:800
Hi dddanny2006,
The DS question is built around a "system" of equations. By knowing the rules of "system math", you can sometimes avoid the calculations and still come up with the correct answer.
**Based on what you wrote below the question, in the original question, does Fact 2 state it was 20% fewer SMALL postcards sold? If so, then this becomes even easier to solve.**
Based on the prompt, we have this equation (I've combined the two equations that we would form into one big equation and I've used the variables that you used):
950(2x) + S(x) = 2400
Here we have 2 variables, but only one equation. Since the prompt asks us to solve for S, we need one more unique equation that includes x, S or both.
Fact 1 tells us that 2x = 2, so with the value of x, we can plug in and solve for S.
We'd get:
950(2) + S(1) = 2400
S = 500
Fact 1 is SUFFICIENT
Fact 2 would give us the equation that you wrote:
950(2x) + .8S(x) = 2300
Since the 20% drop = $100 of lost revenue, we have this:
.2S(x) = 100
S(x) = 500
Now, plug THAT back into the original equation. You'd have:
950(2x) + 500 = 2400
Solve for x. You'll get x = 1, which you can plug in and get S = 500
Fact 2 is SUFFICIENT
GMAT assassins aren't born, they're made,
Rich
The DS question is built around a "system" of equations. By knowing the rules of "system math", you can sometimes avoid the calculations and still come up with the correct answer.
**Based on what you wrote below the question, in the original question, does Fact 2 state it was 20% fewer SMALL postcards sold? If so, then this becomes even easier to solve.**
Based on the prompt, we have this equation (I've combined the two equations that we would form into one big equation and I've used the variables that you used):
950(2x) + S(x) = 2400
Here we have 2 variables, but only one equation. Since the prompt asks us to solve for S, we need one more unique equation that includes x, S or both.
Fact 1 tells us that 2x = 2, so with the value of x, we can plug in and solve for S.
We'd get:
950(2) + S(1) = 2400
S = 500
Fact 1 is SUFFICIENT
Fact 2 would give us the equation that you wrote:
950(2x) + .8S(x) = 2300
Since the 20% drop = $100 of lost revenue, we have this:
.2S(x) = 100
S(x) = 500
Now, plug THAT back into the original equation. You'd have:
950(2x) + 500 = 2400
Solve for x. You'll get x = 1, which you can plug in and get S = 500
Fact 2 is SUFFICIENT
GMAT assassins aren't born, they're made,
Rich
- ganeshrkamath
- Master | Next Rank: 500 Posts
- Posts: 283
- Joined: Sun Jun 23, 2013 11:56 pm
- Location: Bangalore, India
- Thanked: 97 times
- Followed by:26 members
- GMAT Score:750
Let P be the price of a small postcard,dddanny2006 wrote:A souvenir shop made $2,400 in revenue selling Large and small Postcards .The large postcard costs twice as much as the small postcards,and the souvenir sold 950 large postcards, and it sold nothing besides the two sizes, then how many small postcards did it sell?
(1) A large postcard costs $2.
(2) If the cart had sold 20% fewer postcards, its revenue would have been reduced by 4 1/6%.
S be the number of small postcards,
and L be the number of large postcards.
Given:
2PL + PS = 2400
L = 950
1900P + PS = 2400
P (1900 + S) = 2400 ________________ (1)
To find: S
Statement 1: 2P = 2
P = 1
This is sufficient to calculate S from (1).
Statement 2:
S' + L' = 0.8(S + L)
100 - 4 1/6 = 95.833
0.95833 * 2400 = 2PL' + PS'
There is no way to calculate P' and S' from this information. So we cannot calculate S from this statement.
Hence, this is insufficient.
Choose A
Every job is a self-portrait of the person who did it. Autograph your work with excellence.
Kelley School of Business (Class of 2016)
GMAT Score: 750 V40 Q51 AWA 5 IR 8
https://www.beatthegmat.com/first-attemp ... tml#688494
Kelley School of Business (Class of 2016)
GMAT Score: 750 V40 Q51 AWA 5 IR 8
https://www.beatthegmat.com/first-attemp ... tml#688494
- ganeshrkamath
- Master | Next Rank: 500 Posts
- Posts: 283
- Joined: Sun Jun 23, 2013 11:56 pm
- Location: Bangalore, India
- Thanked: 97 times
- Followed by:26 members
- GMAT Score:750
Why did you assume in statement 2 that it's only the small cards which are reduced by 80% in number?dddanny2006 wrote:From statement 2-- Number of large cards equals 950. Let S be number of small cards,and x be the price of the small card,2x price of the large card
So we have the equation
950(2x)+(0.8)S(x)=2300
The statement just says "20% fewer postcards". This means it's the total number of cards, right?
Every job is a self-portrait of the person who did it. Autograph your work with excellence.
Kelley School of Business (Class of 2016)
GMAT Score: 750 V40 Q51 AWA 5 IR 8
https://www.beatthegmat.com/first-attemp ... tml#688494
Kelley School of Business (Class of 2016)
GMAT Score: 750 V40 Q51 AWA 5 IR 8
https://www.beatthegmat.com/first-attemp ... tml#688494
GMAT/MBA Expert
- lunarpower
- GMAT Instructor
- Posts: 3380
- Joined: Mon Mar 03, 2008 1:20 am
- Thanked: 2256 times
- Followed by:1535 members
- GMAT Score:800
Right.ganeshrkamath wrote:The statement just says "20% fewer postcards". This means it's the total number of cards, right?
So, the question was probably transcribed incorrectly at some point (perhaps in the original source... yikes!)
It's most likely supposed to say "small" in front of "postcards" in that statement.
Ron has been teaching various standardized tests for 20 years.
--
Pueden hacerle preguntas a Ron en castellano
Potete chiedere domande a Ron in italiano
On peut poser des questions à Ron en français
Voit esittää kysymyksiä Ron:lle myös suomeksi
--
Quand on se sent bien dans un vêtement, tout peut arriver. Un bon vêtement, c'est un passeport pour le bonheur.
Yves Saint-Laurent
--
Learn more about ron
--
Pueden hacerle preguntas a Ron en castellano
Potete chiedere domande a Ron in italiano
On peut poser des questions à Ron en français
Voit esittää kysymyksiä Ron:lle myös suomeksi
--
Quand on se sent bien dans un vêtement, tout peut arriver. Un bon vêtement, c'est un passeport pour le bonheur.
Yves Saint-Laurent
--
Learn more about ron