NEW HERE? LEARN MORE
closeclose
Last visit was: 25 Apr 2024, 17:34 It is currently 25 Apr 2024, 17:34
Decision Tracker
My Rewards
New posts
New comers' posts

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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

According to the chart above, the income of Beta Corporation in 2000 w

SORT BY:
Date
Kudos
Tags:
Find Similar Topics 
Show Tags
Hide Tags
User avatar
L
Bunuel
Math Expert
Joined: 02 Sep 2009
Posts: 92915
Own Kudos [?]: 619030 [2]
Given Kudos: 81595
Send PM
CAT Tests Forum Quiz Mode
According to the chart above, the income of Beta Corporation in 2000 w [#permalink] New post   29 Jul 2015, 15:40
2
Kudos
Expert Reply
00:00
A
B
C
D
E

Difficulty:

55% (hard)

Question Stats:

68% (02:35) correct 32% (02:45) wrong based on 168 sessions
Hide Show timer Statistics

According to the chart above, the income of Beta Corporation in 2000 was what fraction of Alpha Corporation’s income in 2004?

A. 0.88/13
B. 1.74/13
C. 2/7
D. 2/5.8
E. 2.9/0.87

Kudos for a correct solution.

Show Spoiler
Attachment:
data.gif
data.gif [ 5.07 KiB | Viewed 6338 times ]
ShowHide Answer
Official Answer
D
User avatar
mejia401
Senior Manager
Senior Manager
Joined: 15 Sep 2011
Posts: 258
Own Kudos [?]: 1371 [2]
Given Kudos: 46
Location: United States
WE:Corporate Finance (Manufacturing)
Send PM
GMAT ToolKit User
According to the chart above, the income of Beta Corporation in 2000 w [#permalink] New post   29 Jul 2015, 15:57
1
Kudos
1
Bookmarks
Bunuel wrote:

According to the chart above, the income of Beta Corporation in 2000 was what fraction of Alpha Corporation’s income in 2004?

A. 0.88/13
B. 1.74/13
C. 2/7
D. 2/5.8
E. 2.9/0.87

Kudos for a correct solution.

Show Spoiler
Attachment:
data.gif



IMO D.

The formula is \(\frac{1.74 (1.13)}{5.8}\) and the trick is reducing the fraction to an answer choice. One hundred thirteen percent of 1.74 is appoximately 2, and therefore, answer choice is D.

To futher prove the answer choice.
A. 0.88/13 Too Small
B. 1.74/13 Too Small
C. 2/7 Between C and D, but D was closer
D. 2/5.8 Closest of the choices, most reasonable answer
E. 2.9/0.87 Illogical ratio given A was bigger than B.
User avatar
anceer
Manager
Manager
Joined: 04 Aug 2013
Posts: 81
Own Kudos [?]: 1037 [0]
Given Kudos: 56
Location: India
Schools: McCombs '17
GMAT 1: 670 Q47 V35
GPA: 3
WE:Manufacturing and Production (Pharmaceuticals and Biotech)
Send PM
Re: According to the chart above, the income of Beta Corporation in 2000 w [#permalink] New post   29 Jul 2015, 19:46
Hope C is the correct one.

As Beta Corporation in 2000 was 1.74x100/113 = 1.5

and Alpha Corporation’s income in 2004 is 5.8

the ratio is 1.5/5.8 which is slightly less then 1/4
so 2/7 is bit close to 1/4.

ans is C
avatar
ashokk138
Manager
Manager
Joined: 20 Jul 2011
Posts: 72
Own Kudos [?]: 37 [0]
Given Kudos: 18
GMAT 1: 660 Q49 V31
Send PM
GMAT ToolKit User
Re: According to the chart above, the income of Beta Corporation in 2000 w [#permalink] New post   30 Jul 2015, 02:18
Bunuel wrote:

According to the chart above, the income of Beta Corporation in 2000 was what fraction of Alpha Corporation’s income in 2004?

A. 0.88/13
B. 1.74/13
C. 2/7
D. 2/5.8
E. 2.9/0.87

Kudos for a correct solution.

Show Spoiler
Attachment:
data.gif



Let beta income in 2000 = b

beta income in 2004 => 0.87 b = 1.74 Billion

=> b = 2 Billion

Alpha income in 2004 = 5.8 Billion

Ratio of income of beta in 2000 to income of alpha in 2004 = 2 B / 5.8 B => 2/5.8

Option D
User avatar
Subanta
Intern
Intern
Joined: 05 Nov 2014
Posts: 37
Own Kudos [?]: 241 [1]
Given Kudos: 15
Concentration: Marketing, International Business
Send PM
Re: According to the chart above, the income of Beta Corporation in 2000 w [#permalink] New post   30 Jul 2015, 03:07
1
Kudos
Let income of Beta Corp in 2000 be x
Then according to the given data:

\(87/100*x\) = \(1.74\) Billion

Thus, \(x = 174/87 = 2\) Billion

The required fraction = income of Beta Corporation in 2000/Alpha Corporation’s income in 2004 = \(2/5.8\)

Hence D should be the OA
User avatar
Swaroopdev
Intern
Intern
Joined: 01 Apr 2015
Posts: 37
Own Kudos [?]: 26 [1]
Given Kudos: 139
Send PM
According to the chart above, the income of Beta Corporation in 2000 w [#permalink] New post   30 Jul 2015, 04:18
1
Kudos
percentage change= change in value/original value.

Let the original value be X

87/100 = 1.74/x ==> x=100*1.74/87 ==> 174/87 ==> 2

Beta corporation income in 2000/alpha corporation in 2004 ==> 2/5.8

No need of any approximation and the question doesn't ask for approximate value either.

Hence the final answer is option D
User avatar
L
Bunuel
Math Expert
Joined: 02 Sep 2009
Posts: 92915
Own Kudos [?]: 619030 [1]
Given Kudos: 81595
Send PM
CAT Tests Forum Quiz Mode
According to the chart above, the income of Beta Corporation in 2000 w [#permalink] New post   17 Aug 2015, 09:50
1
Bookmarks
Expert Reply
Bunuel wrote:

According to the chart above, the income of Beta Corporation in 2000 was what fraction of Alpha Corporation’s income in 2004?

A. 0.88/13
B. 1.74/13
C. 2/7
D. 2/5.8
E. 2.9/0.87

Kudos for a correct solution.

Show Spoiler
Attachment:
data.gif


800score Official Solution:

As shown in the chart, Beta Corporation's 2004 income is $1.74 billion. The chart shows that this is a 13% decrease from Beta’s income in 2000.
To solve for Beta Corporation's income in 2000, set the 2000 value as n, and set up the following equation:
(100% – 13%)n = $1.74 billion
.87n = $1.74 billion.
Divide both sides by 0.87 to get n = $2 billion.

The question asks what percent of Alpha Corporation's 2004 income was Beta Corporation's 2000 income, namely: 2/5.8. Algebraically, this is 2 = x(5.8). x = 2/5.8. The correct answer is choice (D).
User avatar
bumpbot
Non-Human User
Joined: 09 Sep 2013
Posts: 32679
Own Kudos [?]: 822 [0]
Given Kudos: 0
Send PM
Re: According to the chart above, the income of Beta Corporation in 2000 w [#permalink] New post   28 Sep 2021, 19:01
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
GMAT Club Bot
gmatclubot
Re: According to the chart above, the income of Beta Corporation in 2000 w [#permalink]
28 Sep 2021, 19:01
Moderators:
Bunuel
Math Expert
92915 posts
yashikaaggarwal
Senior Moderator - Masters Forum
3137 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions