Find all School-related info fast with the new School-Specific MBA Forum

It is currently 18 Apr 2014, 18:11

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

A pharmaceutical company received $3 million in royalties on

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
Joined: 23 Mar 2008
Posts: 226
Followers: 1

Kudos [?]: 7 [0], given: 0

GMAT Tests User
A pharmaceutical company received $3 million in royalties on [#permalink] New post 10 May 2008, 22:34
A pharmaceutical company received $3 million in royalties on the first $20 million in sales of the generic equivalent of one of its products and then $9 million in royalties on the next $108 million in sales. By approximately what percent did the ratio of royalties to sales decrease from the first $20 million in sales to the next $108 million in sales?

a) 8%
b) 15%
c) 45%
d) 52%
e) 56%
Director
Director
Joined: 23 Sep 2007
Posts: 799
Followers: 5

Kudos [?]: 70 [0], given: 0

GMAT Tests User
Re: pharmaceutical company [#permalink] New post 10 May 2008, 23:26
C

3/20 --> 9/60

9/108 ---> 5/60

5 is about 45% less than 9
Intern
Intern
User avatar
Joined: 29 Apr 2008
Posts: 21
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: pharmaceutical company [#permalink] New post 11 May 2008, 04:13
first royalty ratio = 3/20 = 9/60
second ratio = 9/108 = 1/12 = 5/60

decrease in ratio = (9-5)/9*100 = 44.44%
Re: pharmaceutical company   [#permalink] 11 May 2008, 04:13
    Similar topics Author Replies Last post
Similar
Topics:
New posts A pharmaceutical company received $3 million in royalties on Achilless 1 20 Aug 2006, 20:18
Popular new posts 2 Experts publish their posts in the topic A pharmaceutical company received $3 million in royalties on slingfox 13 18 Oct 2009, 23:34
New posts 2 Experts publish their posts in the topic A pharmaceutical company received $3 million in royalties on umaa 9 17 Dec 2009, 08:17
New posts 2 A director of the Rexx Pharmaceutical Company argued that RaviChandra 6 23 May 2010, 07:05
New posts 1 Experts publish their posts in the topic A pharmaceutical company received $3 million in royalties Walkabout 4 12 Dec 2012, 04:29
Display posts from previous: Sort by

A pharmaceutical company received $3 million in royalties on

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.