It is currently 23 Aug 2019, 15:12
My Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

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

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Founder
Founder
User avatar
Joined: 18 Apr 2015
Posts: 7791
Followers: 145

Kudos [?]: 1597 [0], given: 7061

CAT Tests
Neel is a distributor and Nick is a retailer. Neel purchased [#permalink] New post 15 May 2019, 05:36
Expert's post
00:00

Question Stats:

66% (01:05) correct 33% (01:09) wrong based on 3 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

_________________

Get the 2 FREE GREPrepclub Tests

MyGuru Representative
User avatar
Affiliations: Partner at MyGuru LLC.
Joined: 13 May 2019
Posts: 129
Location: United States
GMAT 1: 770 Q51 V44
GRE 1: Q169 V168
WE: Education (Education)
Followers: 2

Kudos [?]: 123 [0], given: 2

CAT Tests
Re: Neel is a distributor and Nick is a retailer. Neel purchased [#permalink] New post 15 May 2019, 11:31
Expert's post
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


Director of Online Tutoring, MyGuru
www.myguruedge.com



Sign up today for a free 30-minute online GRE tutoring session!


Like us on Facebook
Watch us on YouTube
Follow us on Twitter
Follow us on Linkedin

Re: Neel is a distributor and Nick is a retailer. Neel purchased   [#permalink] 15 May 2019, 11:31
Display posts from previous: Sort by

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

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GRE Prep Club Forum Home| About| Terms and Conditions and Privacy Policy| GRE Prep Club Rules| Contact

Powered by phpBB © phpBB Group

Kindly note that the GRE® test is a registered trademark of the Educational Testing Service®, and this site has neither been reviewed nor endorsed by ETS®.