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?
- Customers' broad enthusiasm for luxury goods is the underlying cause of the manufacturer's high repeat-buying rate now.
- Exactly 70% of the manufacturer's customers own at least two other luxury items from different brands.
- 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 of this manufacturer are unlikely to own luxury items from competing brands.
- Most luxury consumers prefer buying from a variety of brands rather than staying loyal to one.
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