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QOTD#7 Selected Data for Greetin Card Sales

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QOTD#7 Selected Data for Greetin Card Sales [#permalink] New post 03 Aug 2016, 16:53
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Question Stats:

72% (05:10) correct 27% (05:37) wrong based on 36 sessions
Attachment:
#GREpracticequestion In 1993 the number of Valentine’s Day.jpg
#GREpracticequestion In 1993 the number of Valentine’s Day.jpg [ 164.48 KiB | Viewed 7469 times ]
22. In 1993 the number of Valentine’s Day cards sold was approximately how many times the number of Thanksgiving cards sold?

A. 20
B. 30
C. 40
D. 50
E. 60

[Reveal] Spoiler: OA
A


23. In 1993 a card company that sold 40 percent of the Mother’s Day cards that year priced its cards for that occasion between $1.00 and $8.00 each. If the revenue from sales of the company’s Mother’s Day cards in 1993 was r million dollars, which of the following indicates all possible values of r ?

A. 155 < r < 1,240
B. 93 < r < 496
C. 93 < r < 326
D. 62 < r < 744
E. 62 < r < 496

[Reveal] Spoiler: OA
E


24. Approximately what was the percent increase in the annual revenue from all greeting card sales from 1990 to 1993 ?

A. 50%
B. 45%
C. 39%
D. 28%
E. 20%

[Reveal] Spoiler: OA
D




25. In 1993 the average (arithmetic mean) price per card for all greeting cards sold was $1.25. For which of the following occasions was the number of cards sold in 1993 less than the total number of cards sold that year for occasions other than the ten occasions shown?

Indicate all such occasions.

A. Christmas
B. Valentine’s Day
C. Easter
D. Mother’s Day
E. Father’s Day
F. Graduation
G. Thanksgiving
H. Halloween

[Reveal] Spoiler: OA
C, D, E, F, G, H



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Question: 22 - 25
Page: 155 -156

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Re: QOTD#7 Selected Data for Greetin Card Sales [#permalink] New post 03 Aug 2016, 17:01
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Explanation

22. According to the table, the number of Valentine’s Day cards sold in 1993 was 900 million, and the number of Thanksgiving cards sold was 42 million. Therefore the number of Valentine’s Day cards sold was \(\frac{900}{42}\), or approximately 21.4 times the number of Thanksgiving cards sold. Of the answer choices, the closest is 20. The correct answer is Choice A.

23. According the table, 155 million Mother’s Day cards were sold in 1993. The card company that sold 40 percent of the Mother’s Day cards sold (0.4)(155) million, or 62 million cards. Since that company priced the cards between $1.00 and $8.00 each, the revenue, r million dollars, from selling the 62 million cards was between ($1.00)(62) million and ($8.00)(62) million, or between $62 million and $496 million; that is, 62 < r < 496. Thus the correct answer is Choice E.

24. According to the bar graph, the annual revenue from all greeting card sales in 1990 was approximately $4.5 billion, and the corresponding total in 1993 was approximately $5.75 billion. Therefore the percent increase from 1990 to 1993 was approximately \(\frac{(5.75-4.5)}{4.5}*100%\), or approximately 28%. The correct answer is Choice D.

25. According to the bar graph, the total annual revenue in 1993 was approximately $5.75 billion. In the question, you are given that the average price per card for all greeting cards sold was $1.25. Therefore the total number of cards sold for all occasions was \(\frac{5.75}{1.25}\) billion, or 4.6 billion.

According to the table, the total number of cards sold in 1993 for the ten occasions shown was 3.9 billion. So the number of cards sold for occasions other than the ten occasions shown, in billions, was 4.6 – 3.9, or 0.7 billion. Note that 0.7 billion equals 700 million. From the table, you can see that less than 700 million cards were sold for each of six of the occasions in the answer choices: Easter, Mother’s Day, Father’s Day, Graduation, Thanksgiving, and Halloween.

Thus the correct answer consists of Choices C, D, E, F, G, and H.
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Re: QOTD#7 Selected Data for Greetin Card Sales [#permalink] New post 23 Dec 2019, 11:30
Quote:
25. In 1993 the average (arithmetic mean) price per card for all greeting cards sold was $1.25. For which of the following occasions was the number of cards sold in 1993 less than the total number of cards sold that year for occasions other than the ten occasions shown?


it is an obscure task! I have not understood what it wants to find))
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Re: QOTD#7 Selected Data for Greetin Card Sales [#permalink] New post 24 May 2020, 05:40
gulsam wrote:
Quote:
25. In 1993 the average (arithmetic mean) price per card for all greeting cards sold was $1.25. For which of the following occasions was the number of cards sold in 1993 less than the total number of cards sold that year for occasions other than the ten occasions shown?


it is an obscure task! I have not understood what it wants to find))


This is definitely a tricky question, but the logic is in the wording. You're looking for out of the 10 occasions shown, how many of these 10 occasions are not equal to the other days besides these holidays (4.6B-3.9B) where those holiday number of cards sold for that day are not equal to the lesser amount (0.7B). Based on the information given from the data set, only Christmas and Valentine's Day have sold more than 0.7B cards in total.

Extremely tricky, but for me, I'll learn to be more attentive in this wording. Given I'm responding to a post from a year-and-a-half ago and 6-year-old OG question, I hope you did okay though on the GRE!
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Re: QOTD#7 Selected Data for Greetin Card Sales [#permalink] New post 26 May 2020, 13:32
in all honesty took me 6 min just to figure out what 25 was asking after.

One would easily trip on it, is he not a native speaker.
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Re: QOTD#7 Selected Data for Greetin Card Sales [#permalink] New post 26 May 2020, 14:06
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I agree. I do think the best strategy to attack a wording question like this is to slow down ad analyzing part of the sentence start to jot down your calculations


In 1993 the average (arithmetic mean) price per card for all greeting cards sold was $1.25.

Now, the Average is our numbers divided by the total and we have the price on average x+y+z..../N= price. Here instead we do have the Total revenue and the average of a single card, which means to have the total number of card were have to use the inverse formula: Revenue/average price = total number which is 4.6

First thing done. Slow. Piece by piece

For which of the following occasions was the number of cards sold in 1993 less than the total number of cards sold that year for occasions other than the ten occasions shown?

This is probably the trickiest part

The number of card in 1993 sold and we do have ten categories is LESS than the total number we do have.

We do have 3.9 but we do know that the number is 4.6 so we must have some sort of difference Less than means just this = the difference. which is 0.7 but at the bottom of the table we do have billion ONE and that piece of information means that our baseline is 1 billion but we do have 0.7 SOOOO we do have 700 millions

Only two type of cards are superior to this line


other than the ten occasions shown?

The left 8 over categories are the correct answer.

Slow. piece by piece

Hope this helps
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