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

Redeem

What was the range of the selling prices of the 30 wallets

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

What was the range of the selling prices of the 30 wallets

by BTGmoderatorDC » Mon Sep 09, 2019 4:02 pm

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

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
Top
Source: — Data Sufficiency |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 3008
Joined: Mon Aug 22, 2016 6:19 am
Location: Grand Central / New York
Thanked: 470 times
Followed by:34 members

by Jay@ManhattanReview » Tue Sep 10, 2019 12:35 am

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

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.
Top
Post new topic Post Reply
• Page 1 of 1