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A TRAVEL AGENT SELLS TICKETS IN THE FOLLOWING RANGES :

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A TRAVEL AGENT SELLS TICKETS IN THE FOLLOWING RANGES : [#permalink] New post 12 Jul 2008, 00:56
A TRAVEL AGENT SELLS TICKETS IN THE FOLLOWING RANGES :

100-200 : 10 TICKETS
200-400 : 20 TICKETS
600-900 : 40 TICKETS
1000-1200 : 50 TICKETS

QN : WHAT PERCENTAGE OF THE MAXIMUM POSSIBLE REVENUE THAT CAN BE EARNED BY THE AGENT , IS THE DIFFERENCE BETWEEN THE MAXIMUM AND MINIMUM REVENUES THAT CAN BE EARNED BY THE AGENT ON TICKETS SOLD FOR LESS THAN 900.


please help...makes no sense to me???
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Re: tickets and chart interpretation percentage: GOOD QUESTION [#permalink] New post 12 Jul 2008, 01:25
A TRAVEL AGENT SELLS TICKETS IN THE FOLLOWING RANGES :

100-200 : 10 TICKETS
200-400 : 20 TICKETS
600-900 : 40 TICKETS
1000-1200 : 50 TICKETS

QN : WHAT PERCENTAGE OF THE MAXIMUM POSSIBLE REVENUE THAT CAN BE EARNED BY THE AGENT , IS THE DIFFERENCE BETWEEN THE MAXIMUM AND MINIMUM REVENUES THAT CAN BE EARNED BY THE AGENT ON TICKETS SOLD FOR LESS THAN 900.

Max-min = 1000+4000+12000 = 17000
Max = 60000+36000+8000+2000 = 106000

17/106 x 100 = 16%
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Re: tickets and chart interpretation percentage: GOOD QUESTION [#permalink] New post 12 Jul 2008, 01:31
THE MAXIMUM POSSIBLE REVENUE THAT CAN BE EARNED BY THE AGENT
200 x 10 = 2000
400 x 20 = 8000
900 x 40 = 36000
1200 x 50 = 60000

Sum = 106000

THE MAXIMUM AND MINIMUM REVENUES THAT CAN BE EARNED BY THE AGENT ON TICKETS SOLD FOR LESS THAN 900.
Max:
200 x 10 = 2000
400 x 20 = 8000
899 x 40 = 35960

Min:
100 x 10 = 1000
200 x 20 = 4000
600 x 40 = 24000

hence, (35960-24000) / 106000
this multiplied by 100 = 11.28

Is this the expected answer.
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Re: tickets and chart interpretation percentage: GOOD QUESTION [#permalink] New post 13 Jul 2008, 19:19
Total amount = 106,000
Max Rev = 200*10+400*20+899(under 900)*40=35,960
Min =10*100+20*200+40*600=1000+4000+24000=29,000

35,960-29000=6,960
(6960/106000)*100=6.56%

What's the OA?
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Re: tickets and chart interpretation percentage: GOOD QUESTION [#permalink] New post 13 Jul 2008, 21:14
i dunno. some guy on a forum post this question and said that this question is similar to something he saw on the gmat although not the same thing. anyways it's odd how everyone got different answers :( also, this guy got a 50Q score.
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Re: tickets and chart interpretation percentage: GOOD QUESTION   [#permalink] 13 Jul 2008, 21:14
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A TRAVEL AGENT SELLS TICKETS IN THE FOLLOWING RANGES :

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