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.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

Warehouse W's revenue from the sale of sofas was what percen [#permalink]

Show Tags

08 Oct 2007, 17:51

1

This post received KUDOS

19

This post was BOOKMARKED

00:00

A

B

C

D

E

Difficulty:

35% (medium)

Question Stats:

65% (01:37) correct
35% (00:28) wrong based on 627 sessions

HideShow timer Statistics

Warehouse W's revenue from the sale of sofas was what percent greater this year than it was last year?

(1) Warehouse W sold 10% more sofas this year than it did last year (2) Warehouse W's selling price per sofa was $30 greater this year than it was last year

warehouse W's revenue from the sale of sofas was what percent greater this year than it was last year?

st1-warehouse w sold 10 percent more sofas this year than it did last year. st2-warehouse w's selling price per sofa was $30 greater this year than it was last year.

Another for E,

to answer the question we need to know either percent change in BOTH price and quantity (revenue=price x quantity) or exact values of prices and quantities.

warehouse W's revenue from the sale of sofas was what percent greater this year than it was last year?

st1-warehouse w sold 10 percent more sofas this year than it did last year. st2-warehouse w's selling price per sofa was $30 greater this year than it was last year.

Warehouse W's revenue from the sale of sofas was what percen [#permalink]

Show Tags

25 Feb 2008, 09:08

1

This post received KUDOS

Warehouse W's revenue from the sale of sofas was what percent greater this year than it was last year?

(1) Warehouse W sold 10% more sofas this year than it did last year (2) Warehouse W's selling price per sofa was $30 greater this year than it was last year

Warehouse W's revenue from the sale of sofas was what percent greater this year than it was last year?

1) Warehouse W sold 10% more sofas this year than it did last year 2) Warehouse W's selling price per sofa was $30 greater this year than it was last year

Def E.

1: (1.1x-x)/(x) Insuff we dont know what the REVENUE was. 2: insuff nothing about the amount of sofas.

Re: Warehouse W's revenue from the sale of sofas was what [#permalink]

Show Tags

05 Mar 2013, 13:55

4

This post received KUDOS

4

This post was BOOKMARKED

Hello,

Let me try helping you.

Warehouse W's revenue from the sale of sofas was what percent greater this year than it was last year?

1) Warehouse W sold 10% more sofas this year than it did last year 2) Warehouse W's selling price per sofa was $30 greater this year than it was last year

We need to find the percentage increase in the revenue of Warehouse X. This would normally be calculated as (X-Y)/X where would be the revenue this year and y would be the revenue last year. Remember, Total revenue= Number of sofas sold * cost of sofas

Let us analyze the options now 1) This tells is about the percentage increase in sale of sofas. However, even though we know about the percentage increase in the number of sofas sold, we do not know anything about the selling price of these sofas in either years and hence, information is insufficient.

Statement 2) also gives us information about the difference in selling price per sofa in both years. However, we do not know the number of sofas sold. INSUFFICIENT.

Together, we know that the price of the sofa increase by $30 this year. We also know something about the percentage increase in the number of sofas sold. Let us consider the number of sofas sold to be x last year. The number of sofas sold this year would be 1.1x. Now, let us consider the price of sofa last year to be y. The current price of the sofa would be y+30. Percentage change would involve two different variables as shown below

(1.1x(y+30)-xy)/xy All terms might cancel out but we will be left with a 30/y and since, we do not know the value of these variable, it would not be possible to calculate the percentage change. INSUFFICIENT Answer is E. Method 2)

Another way to solve this problem is to imagine, the increase in price. Statement 1) would turn out to be insufficient because of the reason statement above. Statement 2) gives us the increase in the price of the sofa. However, the 30 increase might be a huge increase if the beginning price of the sofa was $40. However, if the beginning price of the sofa was $300, then the percentage change would be very small.

Together, by reasoning similar to 2), the percentage change in the revenue might be very big or very small depending on the last year price of sofas. Hence, INSUFFICIENT.

This question could have been solved if the statements had given us either percentages in both statements or exact values in both statements.

Hope this helps! Let me know if I can help you any further.

Re: Warehouse W's revenue from the sale of sofas was what percen [#permalink]

Show Tags

06 Mar 2013, 11:21

3

This post received KUDOS

1

This post was BOOKMARKED

Yes, in such a case the statements together would have been sufficient. Let us try analyzing the situation you mentioned.

statement 1) is still insufficient since we do now know anything about the total revenue. Foe example, the change in selling price of the sofas could be 100% or even as small as 10%. Depending on the percentage increase in selling price, the percentage change in revenue would have to be calculated. Statement 2) is still insufficient since all we know about is the percentage change in selling price. However, we still do not know much about the percentage increase in the number of sofas sold. For example, if the number of sofas sold increased by 80%, the percentage change would be very high. On the other hand, if it was as low as 10%, the percentage change could be lower. However, note that we need to find a particular value of percentage change in the revenue. This percentage change cannot be found using either data alone.

Taking the statements together, we know the exact percentage change in the number of sofas(x and 1.1x) sold and the percentage increase in selling price(y and 1.3y). Hence, the percentage increase can be calculated and would be of the form (1.1x*1.30y-xy)/xy We can calculate a specific value for this and hence these statements are sufficient together.

Hope this helps! Let me know if I can help you any further.

fozzzy wrote:

so if they provided a similar relation of cost as they did in statement 1 it would have been sufficient?

1) Warehouse W sold 10% more sofas this year than it did last year 2 ) The price this year is 30 percent higher than last year

Re: Warehose W's revenue from the sale of sofas was what percent [#permalink]

Show Tags

04 Aug 2013, 11:06

Stiv wrote:

Warehose W's revenue from the sale of sofas was what percent greater this year than it was last year?

1) Warehouse W sold 10 percent more sofas this year than it did last year. 2) Warehouse W's selling price per sofa was $30 greater this year than it was last year.

for determining revenue we need selling price of each sofa and number of sofa sold of each year.

1) Warehouse W sold 10 percent more sofas this year than it did last year. we dont know the selling price nor the number of sofas===>hence insufficient.

2) Warehouse W's selling price per sofa was $30 greater this year than it was last year again we dont know the exact selling price nor the number of sofas hence insufficient.

combining both again we lack same.

hence E _________________

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

Re: Warehose W's revenue from the sale of sofas was what percent [#permalink]

Show Tags

04 Aug 2013, 11:22

2

This post received KUDOS

Stiv wrote:

Warehose W's revenue from the sale of sofas was what percent greater this year than it was last year?

1) Warehouse W sold 10 percent more sofas this year than it did last year. 2) Warehouse W's selling price per sofa was $30 greater this year than it was last year.

Let the no of sofas sold last year be = N Price during last year = P Total Revenue (Last year) = NP

Statement 1 no of sofas sold (current year) = 1.1N We don't know the price of sofa this year Thus Insufficient

Statement 2 Price during current year = P + 30 We don't know the no of sofa's sold this year. Thus Insufficient

Statement 1& 2 Total Revenue (Current year) = 1.1N(P+30)

Percent change = (1.1NP +33-NP)/NP =(0.1NP + 33)/NP Still we don't have the value of NP. Thus Insufficient Answer E _________________

If you like my Question/Explanation or the contribution, Kindly appreciate by pressing KUDOS. Kudos always maximizes GMATCLUB worth-Game Theory

If you have any question regarding my post, kindly pm me or else I won't be able to reply

Re: Warehouse W's revenue from the sale of sofas was what percen [#permalink]

Show Tags

12 Oct 2013, 12:10

2

This post received KUDOS

sonibubu wrote:

Warehouse W's revenue from the sale of sofas was what percent greater this year than it was last year?

(1) Warehouse W sold 10% more sofas this year than it did last year (2) Warehouse W's selling price per sofa was $30 greater this year than it was last year

For this questions regarding percent change in revenue we always need the two ratios from price and quantity between both years, one and an absolute difference 30$ doesn't help. Keep this in mind and reduce your average time for this type of questions.

Re: warehouse W's revenue from the sale of sofas was what [#permalink]

Show Tags

11 Mar 2014, 01:24

Hi all, my answer to this DS question is A.

reading from statement one alone, My view is that we can safely assume that there is no change in the selling price per sofa. (not as long it is not stated).

so : Rthisyear = 1.1*Nsofaslastyear*P Rlastyear = Nsofaslastyear*P R growth 10% greater.

But i do have doubts when moving on to statement#2 that gives info of price changes.

Re: warehouse W's revenue from the sale of sofas was what [#permalink]

Show Tags

11 Mar 2014, 01:42

1

This post received KUDOS

Expert's post

Merging similar topics.

sayno wrote:

Hi all, my answer to this DS question is A.

reading from statement one alone, My view is that we can safely assume that there is no change in the selling price per sofa. (not as long it is not stated).

so : Rthisyear = 1.1*Nsofaslastyear*P Rlastyear = Nsofaslastyear*P R growth 10% greater.

But i do have doubts when moving on to statement#2 that gives info of price changes.

what do you guys think?

No, we cannot assume that there was no price change. The OA for this question is E. Please refer to the discussion above. _________________

Re: Warehouse W's revenue from the sale of sofas was what percen [#permalink]

Show Tags

11 Mar 2014, 09:42

1

This post was BOOKMARKED

young_gun wrote:

Warehouse W's revenue from the sale of sofas was what percent greater this year than it was last year?

(1) Warehouse W sold 10% more sofas this year than it did last year (2) Warehouse W's selling price per sofa was $30 greater this year than it was last year

1) and 2) alone are definitely insufficient

when we combine them: let the units sold last year be x, so this year 1.1x units must have been sold. let the price per unit last year be y, so this years price would be (y+30) => last year's sale= xy. this year's sale = 1.1xy + 33x % change = (0.1y + 33)/y % we don't have any info about y, hence insufficient.

Re: Warehouse W's revenue from the sale of sofas was what percen [#permalink]

Show Tags

15 Mar 2015, 08:08

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. _________________

Re: Warehouse W's revenue from the sale of sofas was what percen [#permalink]

Show Tags

29 Mar 2016, 14:41

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. _________________

Excellent posts dLo saw your blog too..!! Man .. you have got some writing skills. And Just to make an argument = You had such an amazing resume ; i am glad...

So Much $$$ Business school costs a lot. This is obvious, whether you are a full-ride scholarship student or are paying fully out-of-pocket. Aside from the (constantly rising)...

I barely remember taking decent rest in the last 60 hours. It’s been relentless with submissions, birthday celebration, exams, vacating the flat, meeting people before leaving and of...

Rishabh from Gyan one services, India had a one to one interview with me where I shared my experience at IMD till now. http://www.gyanone.com/blog/life-at-imd-interview-with-imd-mba/ ...