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# Neel is a distributor and Nick is a retailer. Neel purchased

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Neel is a distributor and Nick is a retailer. Neel purchased [#permalink]  15 May 2019, 05:36
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Question Stats:

50% (01:27) correct 50% (01:09) wrong based on 2 sessions
Neel is a distributor and Nick is a retailer. Neel purchased electronic shavers of a particular type at \$4 a piece and sold all of them to Nick at \$6 a piece.

Nick sold all the shavers at \$8 a piece to consumers.

 Quantity A Quantity B Profit made by Neel in the deal Profit made by Nick in the deal

A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
[Reveal] Spoiler: OA

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Re: Neel is a distributor and Nick is a retailer. Neel purchased [#permalink]  15 May 2019, 11:31
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Quote:
Neel is a distributor and Nick is a retailer. Neel purchased electronic shavers of a particular type at \$4 a piece and sold all of them to Nick at \$6 a piece.

Nick sold all the shavers at \$8 a piece to consumers.

 Quantity A Quantity B Profit made by Neel in the deal Profit made by Nick in the deal

The most efficient method for any Quantitative Comparison is to approach the information mathematically, so simply complete the arithmetic for both quantities.

Quantity A: Neel cost = \$4 | Neel sales price = \$6 | Neel profit = 6 - 4 = \$2

Quantity B: Nick cost = \$6 | Nick sales price = \$8 | Nick profit = 8 - 6 = \$2

The quantities are equal, so select choice C.
_________________

Stefan Maisnier

Re: Neel is a distributor and Nick is a retailer. Neel purchased   [#permalink] 15 May 2019, 11:31
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# Neel is a distributor and Nick is a retailer. Neel purchased

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