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?

  1. The high rate of repeat buyers is caused by the customers' overall interest in luxury goods.
  2. Exactly 63% of the manufacturer's customers are repeat buyers who own at least two other luxury items.
  3. At least 63% of the manufacturer's total customers own at least two other luxury items from different brands.
  4. Customers who are not repeat buyers are unlikely to own luxury items from other brands.
  5. Most luxury consumers prefer to buy from a variety of different brands rather than staying loyal to one.

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