Box office receipts for independent movies for the first : GMAT Critical Reasoning (CR)
Check GMAT Club App Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

It is currently 08 Dec 2016, 07:13
GMAT Club Tests

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.

Close

Request Expert Reply

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Box office receipts for independent movies for the first

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

1 KUDOS received
Intern
Intern
avatar
Joined: 24 Jun 2013
Posts: 17
Followers: 1

Kudos [?]: 28 [1] , given: 2

Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 15 Jul 2013, 02:46
1
This post received
KUDOS
8
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  65% (hard)

Question Stats:

55% (02:31) correct 45% (01:27) wrong based on 522 sessions

HideShow timer Statistics

Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year
2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
3. The price of a movie ticket has not increased since last year.
4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.
5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.
[Reveal] Spoiler: OA

Last edited by Narenn on 15 Jul 2013, 06:56, edited 1 time in total.
Topic Renamed
Request Expert Reply
If you have any questions
you can ask an expert
New!
4 KUDOS received
Verbal Forum Moderator
Verbal Forum Moderator
User avatar
Joined: 15 Jun 2012
Posts: 1153
Location: United States
Followers: 252

Kudos [?]: 2795 [4] , given: 123

Premium Member
Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 19 Oct 2013, 01:09
4
This post received
KUDOS
1
This post was
BOOKMARKED
ANALYZE THE STIMULUS:

Fact: Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year.
Fact: Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released.
Fact: The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

Question: If the statements above are true, which of the following must be true? <== This is MUST BE TRUE question, so NO "new" information accepted.

ANALYZE EACH ANSWER:

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year
Wrong. TEMPTING. We just know data of the FIRST half of this year. What if total receipt in the first half is more than 20%, but will decrease significantly in the second half? ==> We can't say total receipts this year will be significantly 20% greater than that of last year. A can't be answer.

2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
Wrong. Absolutely wrong, we don't know how many films were released in the first half of last year.

3. The price of a movie ticket has not increased since last year.
Wrong. Nothing about the price. Out of scope.

4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.
Correct. Assume prices do not change significantly. In the first half, total receipts is 20% more than that of total last year. But the number of film released is fewer (20 vs. 50) ==> Clearly, average revenue of each film in the first half of this year is greater than that of film released last year.

5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.
Wrong. Nothing about number of people. Out of scope.

Hope it helps
_________________

Please +1 KUDO if my post helps. Thank you.

"Designing cars consumes you; it has a hold on your spirit which is incredibly powerful. It's not something you can do part time, you have do it with all your heart and soul or you're going to get it wrong."

Chris Bangle - Former BMW Chief of Design.

1 KUDOS received
Director
Director
User avatar
Joined: 14 Dec 2012
Posts: 841
Location: India
Concentration: General Management, Operations
GMAT 1: 700 Q50 V34
GPA: 3.6
Followers: 57

Kudos [?]: 1251 [1] , given: 197

GMAT ToolKit User
Re: Box office receipts [#permalink]

Show Tags

New post 15 Jul 2013, 03:00
1
This post received
KUDOS
arichinna wrote:
Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year
2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
3. The price of a movie ticket has not increased since last year.
4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.
5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.



hi,

let say :

total movies released last year(TMRLY)=50(given)
total receipts last year(TRLY)=50(assuming)

average receipt per movie= 50/50=1

now according to question
total movies released this year= 20(given)==>uptil first half of the year
total receipts this year= 20percent more than TRLY=50+10=60

average receipt permovie=60/20=3

therefore last year for every movie there is 1 receipt
and this year for every movie there is 3 receipt

hence clearly average revenue generated will be more this year than last year.

same is stated in option D

4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.==>CORRECT

JUST you have to understand that more the receipt more the revenue...

hope it helps
_________________

When you want to succeed as bad as you want to breathe ...then you will be successfull....

GIVE VALUE TO OFFICIAL QUESTIONS...



GMAT RCs VOCABULARY LIST: http://gmatclub.com/forum/vocabulary-list-for-gmat-reading-comprehension-155228.html
learn AWA writing techniques while watching video : http://www.gmatprepnow.com/module/gmat-analytical-writing-assessment
: http://www.youtube.com/watch?v=APt9ITygGss

1 KUDOS received
Director
Director
User avatar
Joined: 14 Dec 2012
Posts: 841
Location: India
Concentration: General Management, Operations
GMAT 1: 700 Q50 V34
GPA: 3.6
Followers: 57

Kudos [?]: 1251 [1] , given: 197

GMAT ToolKit User
Re: Box office receipts [#permalink]

Show Tags

New post 15 Jul 2013, 03:52
1
This post received
KUDOS
arichinna wrote:
Thank you Shailesh for the reply. I did a similar analysis like you did but I had come across one query which made me post this question.

In the answer choice D - "The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year", there is an implicit underlying assumption.

Revenue is a function of price and quantity. This choice assumes that the price is the same as compared to last year. No where in the question, it talks about price of the receipt being the same.

There is also one answer choice which talks about price (though that choice is wrong).

As per your calculation, even if the average receipt per movie increased to 3 in the first half of the present year, this choice will not hold true if the price had come down to one-third or less than that of what it was last year.

I might be wrong or missed out on a logical link but if you have any suggestions/comments, it would help.

Thanks,
Ari


Hi ARI,
thats logical..you are thinking absolutely right....but actually the problem is understanding the meaning of RECEIPTS.

when the word "receipts" is used in this sort of context, it refers to the total revenue generated by the movies. in other words, this use of "receipts" is exactly the same as "gross revenue".===>It is not like ticket ....that will add up to give whole revenue.

if i say 50 receipts....means total revenue was 50

you can google out for the meaning of RECEIPTS.

NOW 50 dollar is revenue for last year..
and 60 dollar is for this year...

hope i made it clear.
_________________

When you want to succeed as bad as you want to breathe ...then you will be successfull....

GIVE VALUE TO OFFICIAL QUESTIONS...



GMAT RCs VOCABULARY LIST: http://gmatclub.com/forum/vocabulary-list-for-gmat-reading-comprehension-155228.html
learn AWA writing techniques while watching video : http://www.gmatprepnow.com/module/gmat-analytical-writing-assessment
: http://www.youtube.com/watch?v=APt9ITygGss

1 KUDOS received
Intern
Intern
avatar
Joined: 16 May 2013
Posts: 3
Followers: 0

Kudos [?]: 1 [1] , given: 0

Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 15 Jul 2013, 09:48
1
This post received
KUDOS
Taking the above fact in both the cases.
Case1: price increased-> revenue goes up.
Case2: price remained constant-> again revenue goes up.

So in either of the cases the revenue is going up. So D should be the correct option.
Intern
Intern
avatar
Joined: 24 Jun 2013
Posts: 17
Followers: 1

Kudos [?]: 28 [0], given: 2

Re: Box office receipts [#permalink]

Show Tags

New post 15 Jul 2013, 03:28
Thank you Shailesh for the reply. I did a similar analysis like you did but I had come across one query which made me post this question.

In the answer choice D - "The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year", there is an implicit underlying assumption.

Revenue is a function of price and quantity. This choice assumes that the price is the same as compared to last year. No where in the question, it talks about price of the receipt being the same.

There is also one answer choice which talks about price (though that choice is wrong).

As per your calculation, even if the average receipt per movie increased to 3 in the first half of the present year, this choice will not hold true if the price had come down to one-third or less than that of what it was last year.

I might be wrong or missed out on a logical link but if you have any suggestions/comments, it would help.

Thanks,
Ari
Intern
Intern
avatar
Joined: 24 Jun 2013
Posts: 17
Followers: 1

Kudos [?]: 28 [0], given: 2

Re: Box office receipts [#permalink]

Show Tags

New post 15 Jul 2013, 04:03
Hi thanks again. Your answer is definitely helpful.
Manager
Manager
avatar
Joined: 25 Oct 2013
Posts: 173
Followers: 1

Kudos [?]: 53 [0], given: 56

Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 31 Oct 2013, 02:38
Are we are expected to know what is a "box office receipt" and how it is related to revenue?

-1 for the question. :cry:
_________________

Click on Kudos if you liked the post!

Practice makes Perfect.

GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 01 Oct 2013
Posts: 10441
Followers: 886

Kudos [?]: 191 [0], given: 0

Premium Member
Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 31 Jan 2015, 11:28
Hello from the GMAT Club VerbalBot!

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.
SVP
SVP
User avatar
Joined: 17 Jul 2014
Posts: 2086
Location: United States (IL)
Concentration: Finance, Economics
Schools: Stanford '19
GMAT 1: 550 Q39 V27
GMAT 2: 560 Q42 V26
GMAT 3: 560 Q43 V24
GMAT 4: 650 Q49 V30
WE: General Management (Transportation)
Followers: 18

Kudos [?]: 248 [0], given: 124

GMAT ToolKit User Premium Member Reviews Badge
Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 09 Apr 2016, 18:29
arichinna wrote:
Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year
2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
3. The price of a movie ticket has not increased since last year.
4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.
5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.


20movies in first half made more money than 50movies last year.
D
Manager
Manager
User avatar
Joined: 03 Apr 2013
Posts: 117
Followers: 4

Kudos [?]: 17 [0], given: 526

GMAT ToolKit User
Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 10 Apr 2016, 01:38
I think the question here is flawed! Please consider the following :-

1. If "receipts" means money, then the answer would consider revenue.
2. If "receipts" means the number of ticket receipts/invoices found, then the answer would consider people.
3. If "receipts" means the total number of invoices, then those receipts will be both of the tickets bought and the food bought, from which you cannot conclude anything!
_________________

Spread some love..Like = +1 Kudos :)

Manager
Manager
avatar
Joined: 22 Jun 2016
Posts: 60
Followers: 0

Kudos [?]: 0 [0], given: 4

Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 22 Jul 2016, 10:01
There is a total ambiguity on the word "Receipt" and which I feel is being understood based on situation and geography. Does GMAT produce such questions with confused words?
This questions is a flawed one as I believe otherwise please help how to handle such situation.

Becauase here D/E can be answers based on how one understands about the word "Receipt"
Expert Post
Verbal Expert
User avatar
Joined: 14 Dec 2013
Posts: 1962
Location: Germany
Schools: HHL Leipzig
GMAT 1: 780 Q50 V47
Followers: 304

Kudos [?]: 1265 [0], given: 20

GMAT ToolKit User Premium Member Reviews Badge
Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 22 Jul 2016, 12:50
ShashankDave wrote:
I think the question here is flawed! Please consider the following :-

1. If "receipts" means money, then the answer would consider revenue.
2. If "receipts" means the number of ticket receipts/invoices found, then the answer would consider people.
3. If "receipts" means the total number of invoices, then those receipts will be both of the tickets bought and the food bought, from which you cannot conclude anything!


ravikrishna1979 wrote:
There is a total ambiguity on the word "Receipt" and which I feel is being understood based on situation and geography. Does GMAT produce such questions with confused words?
This questions is a flawed one as I believe otherwise please help how to handle such situation.

Becauase here D/E can be answers based on how one understands about the word "Receipt"


1. Box office means ticket counter where movie tickets are sold. Box offices receive money by selling movie tickets; they do not receive invoices by selling tickets.
2. Box office receipt is not same as movie-viewer receipt (ShashankDave your point no. 2). Movie-viewer receipt could be tickets, though it is a very odd term for the purpose.
3. Food stalls are not box offices (ShashankDave your point no. 3).

The usage of "receipt" is not ambiguous in this context - box office receipt clearly implies the money received by selling tickets.
Intern
Intern
avatar
Joined: 08 Sep 2015
Posts: 33
Followers: 0

Kudos [?]: 6 [0], given: 8

CAT Tests
Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 07 Sep 2016, 20:28
The text tells us that the revenues for independent movies for the first have of this year are already greater than the total revenues for independent movies for all of last year.

A - There is no way to predict box-office receipts for the year.
D - The average revenue per film = total revenues ÷ number of films. Correct
C - We cannot infer that the price of a movie ticket has not increased.
Intern
Intern
avatar
Joined: 25 Nov 2012
Posts: 13
Followers: 0

Kudos [?]: 2 [0], given: 122

Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 17 Sep 2016, 10:57
sayantanc2k wrote:
ShashankDave wrote:
I think the question here is flawed! Please consider the following :-

1. If "receipts" means money, then the answer would consider revenue.
2. If "receipts" means the number of ticket receipts/invoices found, then the answer would consider people.
3. If "receipts" means the total number of invoices, then those receipts will be both of the tickets bought and the food bought, from which you cannot conclude anything!


ravikrishna1979 wrote:
There is a total ambiguity on the word "Receipt" and which I feel is being understood based on situation and geography. Does GMAT produce such questions with confused words?
This questions is a flawed one as I believe otherwise please help how to handle such situation.

Becauase here D/E can be answers based on how one understands about the word "Receipt"


1. Box office means ticket counter where movie tickets are sold. Box offices receive money by selling movie tickets; they do not receive invoices by selling tickets.
2. Box office receipt is not same as movie-viewer receipt (ShashankDave your point no. 2). Movie-viewer receipt could be tickets, though it is a very odd term for the purpose.
3. Food stalls are not box offices (ShashankDave your point no. 3).

The usage of "receipt" is not ambiguous in this context - box office receipt clearly implies the money received by selling tickets.




Last year box office receipt rate was $5 and this year, because of X reason it has dropped and is current placed at $1 per receipt. Still you believe, D holds good... Need an expert advice.
Director
Director
avatar
Joined: 18 Jul 2015
Posts: 869
Location: India
Concentration: General Management, International Business
GMAT 1: 670 Q50 V32
GMAT 2: 700 Q50 V34
GPA: 3.65
WE: Brand Management (Health Care)
Followers: 24

Kudos [?]: 199 [0], given: 29

Premium Member Reviews Badge CAT Tests
Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 17 Sep 2016, 22:58
gandhigauravz wrote:
sayantanc2k wrote:
ShashankDave wrote:
I think the question here is flawed! Please consider the following :-

1. If "receipts" means money, then the answer would consider revenue.
2. If "receipts" means the number of ticket receipts/invoices found, then the answer would consider people.
3. If "receipts" means the total number of invoices, then those receipts will be both of the tickets bought and the food bought, from which you cannot conclude anything!


ravikrishna1979 wrote:
There is a total ambiguity on the word "Receipt" and which I feel is being understood based on situation and geography. Does GMAT produce such questions with confused words?
This questions is a flawed one as I believe otherwise please help how to handle such situation.

Becauase here D/E can be answers based on how one understands about the word "Receipt"


1. Box office means ticket counter where movie tickets are sold. Box offices receive money by selling movie tickets; they do not receive invoices by selling tickets.
2. Box office receipt is not same as movie-viewer receipt (ShashankDave your point no. 2). Movie-viewer receipt could be tickets, though it is a very odd term for the purpose.
3. Food stalls are not box offices (ShashankDave your point no. 3).

The usage of "receipt" is not ambiguous in this context - box office receipt clearly implies the money received by selling tickets.




Last year box office receipt rate was $5 and this year, because of X reason it has dropped and is current placed at $1 per receipt. Still you believe, D holds good... Need an expert advice.


Two things here :
1. We are given that 1st half of the year has 20% greater receipts. Hence, we are concerned only with the 1st half of this year. So, your point for the whole year is invalid.
2. If we are given that this year in the first half, it is greater, we cannot deny the fact and we have to answer accordingly. So, D is the BEST answer as per the premises given.
_________________

Thanks.

-- Please hit Kudos if you get the answer.

Expert Post
Verbal Expert
User avatar
Joined: 14 Dec 2013
Posts: 1962
Location: Germany
Schools: HHL Leipzig
GMAT 1: 780 Q50 V47
Followers: 304

Kudos [?]: 1265 [0], given: 20

GMAT ToolKit User Premium Member Reviews Badge
Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 18 Sep 2016, 01:32
gandhigauravz wrote:
sayantanc2k wrote:
ShashankDave wrote:
I think the question here is flawed! Please consider the following :-

1. If "receipts" means money, then the answer would consider revenue.
2. If "receipts" means the number of ticket receipts/invoices found, then the answer would consider people.
3. If "receipts" means the total number of invoices, then those receipts will be both of the tickets bought and the food bought, from which you cannot conclude anything!


ravikrishna1979 wrote:
There is a total ambiguity on the word "Receipt" and which I feel is being understood based on situation and geography. Does GMAT produce such questions with confused words?
This questions is a flawed one as I believe otherwise please help how to handle such situation.

Becauase here D/E can be answers based on how one understands about the word "Receipt"


1. Box office means ticket counter where movie tickets are sold. Box offices receive money by selling movie tickets; they do not receive invoices by selling tickets.
2. Box office receipt is not same as movie-viewer receipt (ShashankDave your point no. 2). Movie-viewer receipt could be tickets, though it is a very odd term for the purpose.
3. Food stalls are not box offices (ShashankDave your point no. 3).

The usage of "receipt" is not ambiguous in this context - box office receipt clearly implies the money received by selling tickets.




Last year box office receipt rate was $5 and this year, because of X reason it has dropped and is current placed at $1 per receipt. Still you believe, D holds good... Need an expert advice.


The rate or the number of tickets sold does not matter at all. Following is the argument structure for this question:

Premise: X is 20% more than Y.
Conclusion: X is greater than Y

(Yes, it is so straight-forward.)

First line of the passage is the premise and option D is the conclusion - "receipt" and "revenues" are synonymous.
Intern
Intern
avatar
Joined: 07 Oct 2015
Posts: 6
Followers: 0

Kudos [?]: 0 [0], given: 2

Re: Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 14 Oct 2016, 04:11
pqhai wrote:
ANALYZE THE STIMULUS:

Fact: Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year.
Fact: Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released.
Fact: The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

Question: If the statements above are true, which of the following must be true? <== This is MUST BE TRUE question, so NO "new" information accepted.

ANALYZE EACH ANSWER:

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year
Wrong. TEMPTING. We just know data of the FIRST half of this year. What if total receipt in the first half is more than 20%, but will decrease significantly in the second half? ==> We can't say total receipts this year will be significantly 20% greater than that of last year. A can't be answer.

2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
Wrong. Absolutely wrong, we don't know how many films were released in the first half of last year.

3. The price of a movie ticket has not increased since last year.
Wrong. Nothing about the price. Out of scope.

4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.
Correct. Assume prices do not change significantly. In the first half, total receipts is 20% more than that of total last year. But the number of film released is fewer (20 vs. 50) ==> Clearly, average revenue of each film in the first half of this year is greater than that of film released last year.

5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.
Wrong. Nothing about number of people. Out of scope.

Hope it helps


Why we should assume that price is constant, we are not bound to assume. Answer D must b wrong therefore. Moreover if you assume that then C is also correct. From my opinion A should be correct. E may b wrong because same person might come multiple times and have multiple receipts. So A is final answer.
Expert Post
Verbal Expert
User avatar
Joined: 14 Dec 2013
Posts: 1962
Location: Germany
Schools: HHL Leipzig
GMAT 1: 780 Q50 V47
Followers: 304

Kudos [?]: 1265 [0], given: 20

GMAT ToolKit User Premium Member Reviews Badge
Box office receipts for independent movies for the first [#permalink]

Show Tags

New post 15 Oct 2016, 08:17
afarrukh786 wrote:
pqhai wrote:
ANALYZE THE STIMULUS:

Fact: Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year.
Fact: Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released.
Fact: The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

Question: If the statements above are true, which of the following must be true? <== This is MUST BE TRUE question, so NO "new" information accepted.

ANALYZE EACH ANSWER:

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year
Wrong. TEMPTING. We just know data of the FIRST half of this year. What if total receipt in the first half is more than 20%, but will decrease significantly in the second half? ==> We can't say total receipts this year will be significantly 20% greater than that of last year. A can't be answer.

2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
Wrong. Absolutely wrong, we don't know how many films were released in the first half of last year.

3. The price of a movie ticket has not increased since last year.
Wrong. Nothing about the price. Out of scope.

4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.
Correct. Assume prices do not change significantly. In the first half, total receipts is 20% more than that of total last year. But the number of film released is fewer (20 vs. 50) ==> Clearly, average revenue of each film in the first half of this year is greater than that of film released last year.

5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.
Wrong. Nothing about number of people. Out of scope.

Hope it helps


Why we should assume that price is constant, we are not bound to assume. Answer D must b wrong therefore. Moreover if you assume that then C is also correct. From my opinion A should be correct. E may b wrong because same person might come multiple times and have multiple receipts. So A is final answer.


Have you read the post?

box-office-receipts-for-independent-movies-for-the-first-156008.html#p1736699

Answer D is one of the most straight forward conclusions you can draw - no assumptions are required whatsoever.

If the total of elements in set X is more than the total of elements in set Y, then the average of the elements in set X is also greater than the average of the elements on set Y ( because it is already given that the no. of elements in set X is less than the number of elements in set Y). Here set X = set of independent movies this year and Y = set of independent movies last year.

Option A is incorrect because nothing has been mentioned about the sales in the rest of the year - there could be no more receipt from independent movies at all.
Box office receipts for independent movies for the first   [#permalink] 15 Oct 2016, 08:17
    Similar topics Author Replies Last post
Similar
Topics:
12 Experts publish their posts in the topic Inference Revision: Box office receipts for independent movies souvik101990 13 14 Feb 2015, 01:42
10 Holiday receipts the total sales recorded in the fourth CharuKapoor 4 30 Apr 2013, 13:04
10 Experts publish their posts in the topic Box office receipts for independent movies for the first nitzz 12 20 Oct 2012, 08:40
4 CR: Box office receipts giantSwan 6 31 Mar 2008, 16:51
Holiday receipts the total sales recorded in the fourth terp26 8 27 Feb 2007, 22:00
Display posts from previous: Sort by

Box office receipts for independent movies for the first

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| 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®.