BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Over the weekend, a shoe store

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 7187
Joined: Thu Sep 07, 2017 4:43 pm
Followed by:23 members

Over the weekend, a shoe store

by BTGmoderatorDC » Mon Nov 27, 2017 3:22 pm
Over the weekend, a shoe store sold 1/3 of the shoes in its stock. The average price of the shoes sold was $60 per pair. What was the total revenue from shoe sales over the weekend for this shoe store?

(1) When the store closed on Sunday night, 600 pairs of shoes were still in stock.
(2) The store began the weekend with 900 pairs of shoes.

Which of the statement is the best option?

OA D
Top
Source: — Data Sufficiency |

GMAT/MBA Expert

User avatar
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

by [email protected] » Mon Nov 27, 2017 5:59 pm
Hi leihannie07,

We're told that over the weekend, a shoe store sold 1/3 of the shoes in its stock and that the average price of the shoes sold was $60 per pair. We're asked for the total revenue from shoe sales over the weekend for this shoe store.

1) When the store closed on Sunday night, 600 pairs of shoes were still in stock.

Fact 1 tells us the number of pairs of shoes that were 'left over' after 1/3 of the pairs of shoes had been sold. Thus, the 600 pairs represents 2/3 of the total shoes.
600 = (2/3)(Total pairs)
900 = Total pairs
900 - 600 = 300 pairs sold, so the total revenue was (300)($60) = $18,000
Fact 1 is SUFFICIENT

2) The store began the weekend with 900 pairs of shoes.

With 900 total pairs, we know that (1/3)(900) = 300 pairs were sold,so the total revenue was (300)($60) = $18,000
Fact 2 is SUFFICIENT

Final Answer: D

GMAT assassins aren't born, they're made,
Rich
Contact Rich at [email protected]
Image
Top
Post new topic Post Reply
• Page 1 of 1