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John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did John's firm earn last week if it shipped 100 packages for customers?
1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.
2. John’s store-front rate was $4, more than double his bulk-rate.
1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.
2. John’s store-front rate was $4, more than double his bulk-rate.
- a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;
- b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;
- c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;
- d)EACH statement ALONE is sufficient to answer the question asked;
- e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.
Correct answer is option 'E'. Can you explain this answer?
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Most Upvoted Answer
John’s Pack and Ship uses price discrimination to capture consum...
Revenue = Coststore-front*Quantitystore-front + Costbulk*Quantitybulk
Evaluate Statement (1) alone.
Store-Front: 75% of 100 packages is 75 packages at the store-front rate.
Bulk: The remainder (or 25%) of the 100 packages (i.e., 100-75 = 25) is 25 packages at the bulk-rate.
Without any dollar amounts (such as the cost of the bulk-rate and the cost of the store-front rate), it is impossible to calculate John’s total revenue.
Statement (1) alone is NOT SUFFICIENT.
Evaluate Statement (2) alone.
Translate Statement (2) into algebra:
Store-Front > 2(Bulk)
$4 > 2(Bulk)
Bulk < $2
Although Statement (2) tells us the dollar amount of each shipping rate, without information about the number of packages shipped at each rate, it is impossible to calculate John’s revenue.
Statement (2) alone is NOT SUFFICIENT.
Evaluate Statements (1) and (2) together.
Store-Front: 75 packages {from Statement (1)} shipped at $4 each {from Statement (2)} -> $300 in revenue from the store-front rate.
Bulk: 25 packages shipped at less than $2 each; no more than $50 in revenue from the bulk-rate.
However, you still cannot calculate the total revenue definitively.
Revenue = Coststore-front*Quantitystore-front + Costbulk*Quantitybulk
Filling in what we found thus far:
Revenue = $4*75 + Costbulk*25
Statements (1) and (2), even when taken together, are NOT SUFFICIENT.
Since Statement (1) alone is NOT SUFFICIENT, Statement (2) alone is NOT SUFFICIENT, and Statements (1) and (2), even when taken together are NOT SUFFICIENT, answer E is correct.
Evaluate Statement (1) alone.
Store-Front: 75% of 100 packages is 75 packages at the store-front rate.
Bulk: The remainder (or 25%) of the 100 packages (i.e., 100-75 = 25) is 25 packages at the bulk-rate.
Without any dollar amounts (such as the cost of the bulk-rate and the cost of the store-front rate), it is impossible to calculate John’s total revenue.
Statement (1) alone is NOT SUFFICIENT.
Evaluate Statement (2) alone.
Translate Statement (2) into algebra:
Store-Front > 2(Bulk)
$4 > 2(Bulk)
Bulk < $2
Although Statement (2) tells us the dollar amount of each shipping rate, without information about the number of packages shipped at each rate, it is impossible to calculate John’s revenue.
Statement (2) alone is NOT SUFFICIENT.
Evaluate Statements (1) and (2) together.
Store-Front: 75 packages {from Statement (1)} shipped at $4 each {from Statement (2)} -> $300 in revenue from the store-front rate.
Bulk: 25 packages shipped at less than $2 each; no more than $50 in revenue from the bulk-rate.
However, you still cannot calculate the total revenue definitively.
Revenue = Coststore-front*Quantitystore-front + Costbulk*Quantitybulk
Filling in what we found thus far:
Revenue = $4*75 + Costbulk*25
Statements (1) and (2), even when taken together, are NOT SUFFICIENT.
Since Statement (1) alone is NOT SUFFICIENT, Statement (2) alone is NOT SUFFICIENT, and Statements (1) and (2), even when taken together are NOT SUFFICIENT, answer E is correct.
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Community Answer
John’s Pack and Ship uses price discrimination to capture consum...
Revenue = Coststore-front*Quantitystore-front + Costbulk*Quantitybulk
Evaluate Statement (1) alone.
Store-Front: 75% of 100 packages is 75 packages at the store-front rate.
Bulk: The remainder (or 25%) of the 100 packages (i.e., 100-75 = 25) is 25 packages at the bulk-rate.
Without any dollar amounts (such as the cost of the bulk-rate and the cost of the store-front rate), it is impossible to calculate John’s total revenue.
Statement (1) alone is NOT SUFFICIENT.
Evaluate Statement (2) alone.
Translate Statement (2) into algebra:
Store-Front > 2(Bulk)
$4 > 2(Bulk)
Bulk < $2
Although Statement (2) tells us the dollar amount of each shipping rate, without information about the number of packages shipped at each rate, it is impossible to calculate John’s revenue.
Statement (2) alone is NOT SUFFICIENT.
Evaluate Statements (1) and (2) together.
Store-Front: 75 packages {from Statement (1)} shipped at $4 each {from Statement (2)} -> $300 in revenue from the store-front rate.
Bulk: 25 packages shipped at less than $2 each; no more than $50 in revenue from the bulk-rate.
However, you still cannot calculate the total revenue definitively.
Revenue = Coststore-front*Quantitystore-front + Costbulk*Quantitybulk
Filling in what we found thus far:
Revenue = $4*75 + Costbulk*25
Statements (1) and (2), even when taken together, are NOT SUFFICIENT.
Since Statement (1) alone is NOT SUFFICIENT, Statement (2) alone is NOT SUFFICIENT, and Statements (1) and (2), even when taken together are NOT SUFFICIENT, answer E is correct.
Evaluate Statement (1) alone.
Store-Front: 75% of 100 packages is 75 packages at the store-front rate.
Bulk: The remainder (or 25%) of the 100 packages (i.e., 100-75 = 25) is 25 packages at the bulk-rate.
Without any dollar amounts (such as the cost of the bulk-rate and the cost of the store-front rate), it is impossible to calculate John’s total revenue.
Statement (1) alone is NOT SUFFICIENT.
Evaluate Statement (2) alone.
Translate Statement (2) into algebra:
Store-Front > 2(Bulk)
$4 > 2(Bulk)
Bulk < $2
Although Statement (2) tells us the dollar amount of each shipping rate, without information about the number of packages shipped at each rate, it is impossible to calculate John’s revenue.
Statement (2) alone is NOT SUFFICIENT.
Evaluate Statements (1) and (2) together.
Store-Front: 75 packages {from Statement (1)} shipped at $4 each {from Statement (2)} -> $300 in revenue from the store-front rate.
Bulk: 25 packages shipped at less than $2 each; no more than $50 in revenue from the bulk-rate.
However, you still cannot calculate the total revenue definitively.
Revenue = Coststore-front*Quantitystore-front + Costbulk*Quantitybulk
Filling in what we found thus far:
Revenue = $4*75 + Costbulk*25
Statements (1) and (2), even when taken together, are NOT SUFFICIENT.
Since Statement (1) alone is NOT SUFFICIENT, Statement (2) alone is NOT SUFFICIENT, and Statements (1) and (2), even when taken together are NOT SUFFICIENT, answer E is correct.
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John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer?
Question Description
John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer?.
John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer?.
Solutions for John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT.
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Here you can find the meaning of John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer?, a detailed solution for John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer? has been provided alongside types of John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice John’s Pack and Ship uses price discrimination to capture consumer surplus. How much revenue did Johns firm earn last week if it shipped 100 packages for customers?1. For 75% of the packages John shipped, he charged the store-front rate. John charged the bulk-rate for the remainder of the packages.2. John’s store-front rate was $4, more than double his bulk-rate.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer thequestion asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer thequestion asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked,and additional data are needed.Correct answer is option 'E'. Can you explain this answer? tests, examples and also practice GMAT tests.
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