Official Guide Explanation:
Problem Solving #171

 

 

Background

This is just one of hundreds of free explanations I've created to the quantitative questions in The Official Guide for GMAT Quantitative Review (2nd ed.). Click the links on the question number, difficulty level, and categories to find explanations for other problems.

These are the same explanations that are featured in my "Guides to the Official Guide" PDF booklets. However, because of the limitations of HTML and cross-browser compatibility, some mathematical concepts, such as fractions and roots, do not display as clearly online.

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Solution and Metadata

Question: 171
Page: 84
Difficulty: 6 (Moderately Difficult)
Category 1: Algebra > Equations >
Category 2: Word Problems > Profit >

Explanation: Profit is always given by revenue minus costs. Costs in this case are easy: the number of pounds purchased (x) times the cost per pound (p): xp. Revenue is a bit harder: number of pounds sold, which is the number of pounds purchased minus those discarded due to spoilage (x - y), times sale price per pound (s): s(x - y). Profit, then, is:

Revenue - Cost

(x - y)s - xp, choice (A).

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