Quantitative problem

Question

Hello,

How do I please approach this problem?

Leidy furniture store made an annual 15% increase in revenue from 2011 to 2013. Cost of goods sold for all three years has stayed the same at 35% of the total cost, the average purchasing price of 1 item sold also remained the same at $800 and the mark up percentage was 130%, 150%, and 170% respectively in three years. Given that revenue in 2011 was $515,000 and the store always sold out all items by the end of each year, what was the number of items sold in each year?

Thanks

Answer 1

Hi,

I have a hunch that you're the same person that has asked the 3 other quant questions!

I think you're approaching this wrong (if I may).

Rather than spamming the Q&A to get the answer, you need to learn the logic.

Same goes with case types (you can't just memorize every case framework out there...you have to learn how to think about every case prompt individually).

So, I highly recommend you ernestly try to solve each of these problems on their own.Then, post here with your reasoning/thinking and then we can comment on that.

You're not going to ace the case by getting every answer to every question in the world. Rather, you'll learn by figuring out how to think about each one you see! Also, a coach can help you with this :)

Answer 2

Hi, Here some free link to practice with other quantitative test (SHL standard)
- https://www.gradtests.com.au/test/starttest/TestType/2/TestId/45/practice/1
- https://www.wikijob.co.uk/aptitude-test/verbal-reasoning-practice
- https://www.practiceaptitudetests.com/sign-up/programme/shl
- https://www.shldirect.com/en/practice-tests
- https://www.jobtestprep.co.uk/jobtestprep/testPlayer.aspx?atr=1&skinid=9&localeSetting=en-GB&sLanguage=en-GB&test_id=E_FreeSHL_Numerical&mode=timed&template=FreeTestTemplate&endURL=%2ffree-shl-numerical-test-results-page&endURLName=Exit+Test&cancelURLName=Exit+Test&cancelURL=signout.aspx&ReturnURL=%2fmaster-ceb-shl-numerical-test&layoutype=1&layoutype=1&testTitle=Free+SHL-Style+Numerical+Test&adPageID=&itemCode=E_FreeSHL_Numerical

Best,
Antonello

Answer 3

Hello!

It´s an easy one if you solve it in an Excel line by line tbh.

However, you won´t have these questions when preparing for MBB.

Best,

Clara