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Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?
(1) The five most expensive items each increased in price by 10%.
(2) The five least expensive items each decreased in price by 10%.
(2) The five least expensive items each decreased in price by 10%.
- a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked
- b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question 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 'C'. Can you explain this answer?
Most Upvoted Answer
Ten different items are for sale in a store, and each is sold at a dif...
Statement (1): The five most expensive items each increased in price by 10%.
This statement alone is sufficient to determine that the average price will increase. Since the prices of the five most expensive items are increasing, their contributions to the overall average will increase as well, resulting in a higher average price.
This statement alone is sufficient to determine that the average price will increase. Since the prices of the five most expensive items are increasing, their contributions to the overall average will increase as well, resulting in a higher average price.
Statement (2): The five least expensive items each decreased in price by 10%.
This statement alone is not sufficient to determine whether the average price will increase or not. While the prices of the five least expensive items are decreasing, their contributions to the overall average might not have a significant impact on the average price if the prices of the other items increase.
This statement alone is not sufficient to determine whether the average price will increase or not. While the prices of the five least expensive items are decreasing, their contributions to the overall average might not have a significant impact on the average price if the prices of the other items increase.
Therefore, by considering both statements together, we can conclude that both the most expensive and least expensive items are undergoing price changes. The increase in prices of the five most expensive items will have a more significant impact on the average price compared to the decrease in prices of the five least expensive items. Thus, the average price will likely increase.
Therefore, the answer is C: BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient.
Community Answer
Ten different items are for sale in a store, and each is sold at a dif...
Statement 1: The five most expensive items each increased in price by 10%.
This statement tells us that the prices of the five most expensive items increased by 10%. However, it does not provide any information about the prices of the other five items. We cannot determine the effect of this price change on the average price without knowing how the prices of the other items changed. Therefore, statement 1 alone is not sufficient to answer the question.
Statement 2: The five least expensive items each decreased in price by 10%.
This statement tells us that the prices of the five least expensive items decreased by 10%. Similar to statement 1, this information alone does not provide enough information to determine the effect on the average price. We need to know how the prices of the other five items changed as well. Therefore, statement 2 alone is not sufficient to answer the question.
Statements 1 and 2 together:
If we combine the information from both statements, we know that the prices of the five most expensive items increased by 10% and the prices of the five least expensive items decreased by 10%. However, we still do not have any information about the prices of the other items.
To determine the effect on the average price, we need to know the relative prices of the items. If the prices of the five most expensive items were significantly higher than the prices of the five least expensive items, then the increase in the prices of the most expensive items would have a greater impact on the average price than the decrease in the prices of the least expensive items. On the other hand, if the prices of the items were relatively close to each other, then the impact on the average price would be smaller.
Therefore, even when we consider both statements together, we still do not have enough information to determine whether the average price will increase or not. Hence, the correct answer is option C: BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient.
This statement tells us that the prices of the five most expensive items increased by 10%. However, it does not provide any information about the prices of the other five items. We cannot determine the effect of this price change on the average price without knowing how the prices of the other items changed. Therefore, statement 1 alone is not sufficient to answer the question.
Statement 2: The five least expensive items each decreased in price by 10%.
This statement tells us that the prices of the five least expensive items decreased by 10%. Similar to statement 1, this information alone does not provide enough information to determine the effect on the average price. We need to know how the prices of the other five items changed as well. Therefore, statement 2 alone is not sufficient to answer the question.
Statements 1 and 2 together:
If we combine the information from both statements, we know that the prices of the five most expensive items increased by 10% and the prices of the five least expensive items decreased by 10%. However, we still do not have any information about the prices of the other items.
To determine the effect on the average price, we need to know the relative prices of the items. If the prices of the five most expensive items were significantly higher than the prices of the five least expensive items, then the increase in the prices of the most expensive items would have a greater impact on the average price than the decrease in the prices of the least expensive items. On the other hand, if the prices of the items were relatively close to each other, then the impact on the average price would be smaller.
Therefore, even when we consider both statements together, we still do not have enough information to determine whether the average price will increase or not. Hence, the correct answer is option C: BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient.
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Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer?
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Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. 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 Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer?.
Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. 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 Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. 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 Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Ten different items are for sale in a store, and each is sold at a different price. The average (arithmetic mean) price of these 10 items is $165. If the prices of all the items are changed, will the average price increase?(1) The five most expensive items each increased in price by 10%.(2) The five least expensive items each decreased in price by 10%.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice GMAT tests.
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