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

Oldest

Best Reply

Author

Message

TAGS:

Manager

Joined: 10 Oct 2005

Posts: 117

Location: Hollywood

Followers: 0

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

Last year in a group of 30 businesses, 21 reported a net [#permalink]

08 Oct 2006, 10:49

00:00

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
_________________

The GMAT, too tough to be denied.
Beat the tough questions...

Director

Joined: 23 Jun 2005

Posts: 853

GMAT 1: 740 Q48 V42

Followers: 3

Kudos [?]: 9 [0], given: 1

[#permalink]

08 Oct 2006, 11:15

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

Joined: 30 Aug 2006

Posts: 375

Followers: 2

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

[#permalink]

08 Oct 2006, 11:30

D (using venn diagram)

I) 9 + 12 + 3 + REST = 30 SUFF
II) REST = 30 - 24 SUFF

[#permalink] 08 Oct 2006, 11:30

		Similar topics	Author	Replies	Last post
Similar Topics:	2	Last year in a group of 30 businesses, 21 reported a net	TOUGH GUY	4	28 Jan 2007, 08:46
		Last year in a group of 30 businesses, 21 reported a net	Balvinder	1	01 Jul 2007, 07:58
		Last year in a group of 30 businesses, 21 reported a net	sumande	3	09 Aug 2007, 10:59
		LAst year in a group of 30 businesses, 21 reported a net	puma	2	13 Jun 2008, 05:58
	2	Last year in a group of 30 businesses, 21 reported a net	albany09	5	09 Oct 2008, 05:44

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

Main navigation

GMAT Resources

Partners

MBA Resources

GMAT ® is a registered trademark of the Graduate Management Admission Council ® (GMAC ®). GMAT Club's website has not been reviewed or endorsed by GMAC.

GMAT Courses

Admissions Consulting

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

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

Main navigation

GMAT Resources

Partners

MBA Resources