medium · GMAT Verbal
Argument: A luxury watch manufacturer found that 70% of its customers are repeat buyers. The manufacturer also found that 90% of its repeat buyers own at least two other luxury items from different brands.
Which of the following statements must be true based on the manufacturer's findings?
- The high rate of repeat buyers is caused by the customers' overall interest in luxury goods.
- Exactly 63% of the manufacturer's customers are repeat buyers who own at least two other luxury items.
- At least 63% of the manufacturer's total customers own at least two other luxury items from different brands.
- Customers who are not repeat buyers are unlikely to own luxury items from other brands.
- Most luxury consumers prefer to buy from a variety of different brands rather than staying loyal to one.
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