GMAT Official Guide 2019 Last year $48,000 of a

This topic has expert replies
Moderator
Posts: 7187
Joined: Thu Sep 07, 2017 4:43 pm
Followed by:23 members

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000

User avatar
GMAT Instructor
Posts: 15539
Joined: Tue May 25, 2010 12:04 pm
Location: New York, NY
Thanked: 13060 times
Followed by:1906 members
GMAT Score:790

by GMATGuruNY » Sun Jul 01, 2018 2:02 am
BTGmoderatorDC wrote:Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000
We can PLUG IN THE ANSWERS, which represent the share for each owner.
Since the share for each owner is 3 times the share for each employee, the correct answer is almost certainly a multiple of 3 (A, B, C or E).
When the correct answer is plugged in, the total profit = 48,000.

B: $9000 for each of the 2 owners, implying $3000 for each of the 10 employees
Total profit = (2*9000) + (10*3000) = 18000 + 30000 = 48,000.
Success!

The correct answer is B.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
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].
Student Review #1
Student Review #2
Student Review #3

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16207
Joined: Mon Dec 08, 2008 6:26 pm
Location: Vancouver, BC
Thanked: 5254 times
Followed by:1268 members
GMAT Score:770

by Brent@GMATPrepNow » Sun Jul 01, 2018 4:42 am
BTGmoderatorDC wrote:Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000
Each owner received 3 times as much as each employee
Let E = the amount (in dollars) that ONE employee received
So, 3E = the amount (in dollars) that ONE owner received

Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees.
In other words: 3E + 3E + E + E + E + E + E + E + E + E + E + E = 48,000
Simplify: 16E = 48,000
So, E = 48,000/16
= 3,000

So, each EMPLOYEE received $3000, which means each OWNER received $9000
Answer: B

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16207
Joined: Mon Dec 08, 2008 6:26 pm
Location: Vancouver, BC
Thanked: 5254 times
Followed by:1268 members
GMAT Score:770

by Brent@GMATPrepNow » Sun Jul 01, 2018 4:43 am
BTGmoderatorDC wrote:Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000
Although I believe it's best to use one variable to solve this question, we can also use two variables
Let's see how that solution would look.

Let x = the amount (in dollars) that ONE employee received
Let y = the amount (in dollars) that ONE owner received


Each owner received 3 times as much as each employee
So, we can write: y = 3x

Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees.
So, the total amount two owners received = y + y = 2y
The total amount 10 employees received = 10x
So, we can write: 10x + 2y = 48,000

At this point, we have the following system of linear equations:
y = 3x
10x + 2y = 48,000

When we solve this system (I'll leave it to you to do this), we get x = 3000 and y = 9000
So, each each OWNER received $9000

Answer: B

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 7244
Joined: Sat Apr 25, 2015 10:56 am
Location: Los Angeles, CA
Thanked: 43 times
Followed by:29 members

by Scott@TargetTestPrep » Wed Jul 04, 2018 6:32 pm
BTGmoderatorDC wrote:Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000
We can let each employee's share = n and thus each owner's share = 3n, and we have:

48,000 = 2(3n) + 10n

48,000 = 16n

3,000 = n

So each owner received 3 x 3,000 = 9,000 dollars.

Answer: B

Scott Woodbury-Stewart
Founder and CEO
[email protected]

Image

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

ImageImage

Junior | Next Rank: 30 Posts
Posts: 10
Joined: Sat Oct 27, 2018 10:35 am

by ca7ch22 » Thu Mar 14, 2019 3:40 pm
[1] Assign Values

Employee = x
Owner = 3 Employee = 3x

[2] Plug in Values and Solve for x

10 Employees + 2 Owners = 48,000
10x + 2(3x) = 48,000
10x + 6x = 48,000
16x = 48,000
x = 3,000

[3] Solve for Owner

Owner = 3x
3(3,000) = 9,000

9,000 (Answer B)

Senior | Next Rank: 100 Posts
Posts: 62
Joined: Wed Nov 13, 2019 9:42 pm

by SampathKp » Wed Dec 18, 2019 8:05 pm
BTGmoderatorDC wrote:Last year $48,000 of a certain store's profit was shared by its 2 owners and their 10 employees. Each of the 2 owners received 3 times as much as each of their 10 employees. How much did each owner receive from the $48,000 ?

A. $12,000

B. $9,000

C. $6,000

D. $4,000

E. $3,000
Let each employee get profit of X

hence each owner receives 3X

ten employees get 10X

10X+ 3X+ 3X = $48000
X = $3000
3X = $9000

Each owner received $9000 .

Answer is B