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Last year in a group of 30 businesses, 21 reported a net

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Manager
Manager
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Joined: 10 Oct 2005
Posts: 114
Location: Hollywood
Followers: 0

Kudos [?]: 9 [0], given: 0

Last year in a group of 30 businesses, 21 reported a net [#permalink] New post 08 Oct 2006, 09:49
00:00
A
B
C
D
E

Difficulty:

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Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
Last year in a group of 30 businesses, 21 reported a net profit and
15 had investments in foreign markets. How many of the businesses
did not report a net profit nor invest in foreign markets last year?

(1) last year 12 of the 30 businesses reported a net profit and had investments
in foreign markets.

(2) last year 24 of the 30 businesses reported a net profit or invested in
foreign markets, or both.

Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient
Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient
BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE
is sufficient.
EACH statement ALONE is sufficient
Statements (1) and (2) TOGETHER are NOT sufficient
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Director
Director
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Joined: 23 Jun 2005
Posts: 847
GMAT 1: 740 Q48 V42
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Kudos [?]: 26 [0], given: 1

 [#permalink] New post 08 Oct 2006, 10:15
D

Statement 1: A intersection B = 12.
So, total number of businesses that had
1. a net profit or
2. investment in foreign businesses or
3. both

equals 24. So, no. of businesses that had neither =6
SUFF

Statement 2:
the derivation is already done and the the solution is given. So SUFF
Senior Manager
Senior Manager
User avatar
Joined: 30 Aug 2006
Posts: 374
Followers: 2

Kudos [?]: 12 [0], given: 0

 [#permalink] New post 08 Oct 2006, 10:30
D (using venn diagram)

I) 9 + 12 + 3 + REST = 30 SUFF
II) REST = 30 - 24 SUFF
  [#permalink] 08 Oct 2006, 10:30
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Last year in a group of 30 businesses, 21 reported a net

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