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What was the amount of money donated to a certain charity?

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Director
Director
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Joined: 03 Aug 2012
Posts: 883
Concentration: General Management, General Management
Schools: IIM A '15
GMAT 1: 630 Q47 V29
GMAT 2: 680 Q50 V32
GPA: 3.7
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Kudos [?]: 159 [0], given: 299

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What was the amount of money donated to a certain charity? [#permalink] New post 21 Mar 2013, 04:34
00:00
A
B
C
D
E

Difficulty:

  25% (low)

Question Stats:

79% (01:21) correct 21% (00:19) wrong based on 48 sessions
What was the amount of money donated to a certain charity?

(1) Of the amount donated, 40 percent came from corporate donations
(2) Of the amount donated, $1.5 million came from noncorporate donations

My only query in this question is "Are we assuming that there can be no third category such as 'Semi-corporate','Govt. depts' etc." ?

Because by assuming that there are only 2 types of donations

1.corporate
2. non-corporate

we can reach to answer this question.

Plz Advice

Rgds,
TGC
[Reveal] Spoiler: OA

_________________

Rgds,
TGC!
_____________________________________________________________________
I Assisted You => KUDOS Please
_____________________________________________________________________________


Last edited by Bunuel on 21 Mar 2013, 04:41, edited 2 times in total.
Renamed the topic and edited the question.
Expert Post
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Re: What was the amount of money donated to a certain charity? [#permalink] New post 21 Mar 2013, 04:46
Expert's post
targetgmatchotu wrote:
What was the amount of money donated to a certain charity?

(1) Of the amount donated, 40 percent came from corporate donations
(2) Of the amount donated, $1.5 million came from noncorporate donations

My only query in this question is "Are we assuming that there can be no third category such as 'Semi-corporate','Govt. depts' etc." ?

Because by assuming that there are only 2 types of donations

1.corporate
2. non-corporate

we can reach to answer this question.

Plz Advice

Rgds,
TGC


All donations are either corporate or noncorporate, how else? Corporate and noncorporate donations could also be made up from different sub-groups but this doesn't matter, is it?
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Director
Director
avatar
Joined: 03 Aug 2012
Posts: 883
Concentration: General Management, General Management
Schools: IIM A '15
GMAT 1: 630 Q47 V29
GMAT 2: 680 Q50 V32
GPA: 3.7
Followers: 11

Kudos [?]: 159 [0], given: 299

Premium Member CAT Tests
Re: What was the amount of money donated to a certain charity? [#permalink] New post 21 Mar 2013, 04:55
Bunuel wrote:
targetgmatchotu wrote:
What was the amount of money donated to a certain charity?

(1) Of the amount donated, 40 percent came from corporate donations
(2) Of the amount donated, $1.5 million came from noncorporate donations

My only query in this question is "Are we assuming that there can be no third category such as 'Semi-corporate','Govt. depts' etc." ?

Because by assuming that there are only 2 types of donations

1.corporate
2. non-corporate

we can reach to answer this question.

Plz Advice

Rgds,
TGC


All donations are either corporate or noncorporate, how else? Corporate and noncorporate donations could also be made up from different sub-groups but this doesn't matter, is it?


Hi Bunuel

On the contrary , I would like to ask you under which section of donations will "Semi-corporate donations " lie?

Not under any one of them , so how can we assume that there are only 2 types ?

Rgds,
TGC
_________________

Rgds,
TGC!
_____________________________________________________________________
I Assisted You => KUDOS Please
_____________________________________________________________________________

Expert Post
Math Expert
User avatar
Joined: 02 Sep 2009
Posts: 18716
Followers: 3238

Kudos [?]: 22307 [0], given: 2613

Re: What was the amount of money donated to a certain charity? [#permalink] New post 21 Mar 2013, 04:57
Expert's post
targetgmatchotu wrote:
Bunuel wrote:
targetgmatchotu wrote:
What was the amount of money donated to a certain charity?

(1) Of the amount donated, 40 percent came from corporate donations
(2) Of the amount donated, $1.5 million came from noncorporate donations

My only query in this question is "Are we assuming that there can be no third category such as 'Semi-corporate','Govt. depts' etc." ?

Because by assuming that there are only 2 types of donations

1.corporate
2. non-corporate

we can reach to answer this question.

Plz Advice

Rgds,
TGC


All donations are either corporate or noncorporate, how else? Corporate and noncorporate donations could also be made up from different sub-groups but this doesn't matter, is it?


Hi Bunuel

On the contrary , I would like to ask you under which section of donations will "Semi-corporate donations " lie?

Not under any one of them , so how can we assume that there are only 2 types ?

Rgds,
TGC


Is semi-corporate corporate? No, so it falls into noncorporate.

Consider this, are there any other colors but black and non-black? It's as simple as this.
_________________

NEW TO MATH FORUM? PLEASE READ THIS: ALL YOU NEED FOR QUANT!!!

PLEASE READ AND FOLLOW: 11 Rules for Posting!!!

RESOURCES: [GMAT MATH BOOK]; 1. Triangles; 2. Polygons; 3. Coordinate Geometry; 4. Factorials; 5. Circles; 6. Number Theory; 7. Remainders; 8. Overlapping Sets; 9. PDF of Math Book; 10. Remainders; 11. GMAT Prep Software Analysis NEW!!!; 12. SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) NEW!!!; 12. Tricky questions from previous years. NEW!!!;

COLLECTION OF QUESTIONS:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS ; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
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Get the best GMAT Prep Resources with GMAT Club Premium Membership

Re: What was the amount of money donated to a certain charity?   [#permalink] 21 Mar 2013, 04:57
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