robert Wrote:I apologize in advance if this particular question has been addressed on this forum (i could not find it in the search).
I am curious to see if there is an algebraic solution to the following problem. The CAT Explanation only provided a "plugging in answer choices" solution. Thank You.
A store sells a certain product at a fixed price per unit. At the product's current price, q units cost a total of exactly $300. If the price were lowered by $5 from its current value, then q + 2n units would cost exactly $300; if the price were raised by $5, then q - n units would cost exactly $300. What is the value of q?
10
15
20
25
30
The following three equations can be framed with the given conditions.
PQ=300...... (i)
(Q+2N)(P-5)=300...... (ii)
(Q-N)(P+5)=300.........(iii)
Equate LHS of equation(i) and equation(ii) to get equation (iv).
Equate LHS equation(i) and equation (iii) to get equation (v).
Equate LHS equation(ii) and equation(iii) to get equation (vi).
I think after doing all this you will start to see the solution. Q should come out to be 20. Correspondingly, P will come out to be 15. I hope my solution is correct.
However, i believe that there could be a better solution to this problem but it can't think of it. Will post if i could think of a better solution to this.
Regards