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Corporation A has exactly two different divisions, one dealing in cosmetics and the other apparel. The line graph above shows the profit generated by the two divisions over a period of five years.
Select from each drop-down menu the option that creates the most accurate statement based on the information provided.
Based on the available information, it can be said that division in year had the maximum share of total profit in any given year.
Corporation A has exactly two different divisions, one dealing in cosmetics and the other apparel. The line graph above shows the profit generated by the two divisions over a period of five years.
Select from each drop-down menu the option that creates the most accurate statement based on the information provided.
Based on the available information, it can be said that division in year had the maximum share of total profit in any given year.
2014
2015
2016
2017
2018
Apparel
42
44
38
63
66
Cosmetics
24
36
52
45
60
Total Profit
66
80
90
108
126
Max share of Total Profit
63%
55%
57%
58%
52%
Based on the available information, it can be said that division Apparel in year 2014 had the maximum share of total profit in any given year.
Corporation A has exactly two different divisions, one dealing in cosmetics and the other apparel. Year wise profit share is tabulated below - 2014 : Apparel - 41 and Cosmetics - 22. Profit Share of Apparel = 41/(41+22) = 65% 2015 : Apparel - 44 and Cosmetics - 38. Profit Share of Apparel = 44/(44+38) = 55% 2016 : Apparel - 38 and Cosmetics - 50. Profit Share of Apparel = 38/(38+50) = 43% (=> Cosmetics share = 57%) 2017 : Apparel - 62 and Cosmetics - 44. Profit Share of Apparel = 62/(62+44) = 58% 2018 : Apparel - 64 and Cosmetics - 60. Profit Share of Apparel = 64/(64+60) = 51%
overall Apparel share of 65% is greater than cosmetics share of 57%. Based on the available information, it can be said that division Apparel in year 2014 had the maximum share of total profit in any given year.
Corporation A has exactly two different divisions, one dealing in cosmetics and the other apparel. The line graph above shows the profit generated by the two divisions over a period of five years.
Select from each drop-down menu the option that creates the most accurate statement based on the information provided.
Based on the available information, it can be said that division in year had the maximum share of total profit in any given year.
To maximize our returns, it is essential to pinpoint the most significant disparity between the two divisions. Notably, there are two notable differences observed in the years 2014 and 2017.
Upon solving, it is evident that the peak value is in 2014. Consequently, the Apparel division in the year 2014 held the highest proportion of the total profit in any given year.
Corporation A has exactly two different divisions, one dealing in cosmetics and the other apparel. The line graph above shows the profit generated by the two divisions over a period of five years.
Select from each drop-down menu the option that creates the most accurate statement based on the information provided.
Based on the available information, it can be said that division in year had the maximum share of total profit in any given year.
Corporation A has exactly two different divisions, one dealing in cosmetics and the other apparel. The line graph above shows the profit generated by the two divisions over a period of five years.
Select from each drop-down menu the option that creates the most accurate statement based on the information provided. Based on the available information, it can be said that division _______ in year _______ had the maximum share of total profit in any given year.
Solution:
Year Division Profit (in thousands $) Profit Share % (approx)
2014 Apparel 42 64
Cosmetics 24 36
2015 Apparel 44 55
Cosmetics 36 45
2016 Apparel 38 42
Cosmetics 52 58
2017 Apparel 63 60
Cosmetics 45 40
2018 Apparel 65 52
Cosmetics 60 48
Hence, Division Apparel in the year 2014 had the maximum share of total profit in any given year.
Corporation A has exactly two different divisions, one dealing in cosmetics and the other apparel. The line graph above shows the profit generated by the two divisions over a period of five years.
Select from each drop-down menu the option that creates the most accurate statement based on the information provided.
Based on the available information, it can be said that division in year had the maximum share of total profit in any given year.
In 2014 net profit from Cosmetics = 24 , Apparels= 42 . Total Profit = 66 Profit in % for Cosmetics = \frac{24}{66} = 36.36% Profit in % for Apparels = \(\frac{42}{66}\) = 63.64 %
In 2015 net profit from Cosmetics = 42 , Apparels= 42 . Total Profit = 84 Profit in % for Cosmetics = \(\frac{42}{84}\) = 50.00% Profit in % for Apparels = \(\frac{42}{84}\) = 50.00 %
In 2016 net profit from Cosmetics = 52 , Apparels= 38 . Total Profit = 90 Profit in % for Cosmetics = \(\frac{52}{90}\) = 57.78% Profit in % for Apparels = \(\frac{38}{90}\) = 42.28%
In 2017 net profit from Cosmetics = 43 , Apparels= 62 . Total Profit = 105 Profit in % for Cosmetics = \(\frac{43}{105}\) = 40.95% Profit in % for Apparels = \(\frac{62}{105}\) = 59.05%
In 2018 net profit from Cosmetics = 60 , Apparels= 65 . Total Profit = 125 Profit in % for Cosmetics = \(\frac{60}{125}\) = 48.00% Profit in % for Apparels = \(\frac{65}{125}\) = 52.00%
*We don't have to calculate the data for 2015,2016 and 2018. Since the two values are close to the average of these values. There is not much difference in the two values and the % share of these two are nearly equal as can be confirmed from the above calculation also.
The highest share in the Profit % is of Apparels in 2014.
IMO ~ Based on the available information, it can be said that division Apparels in year 2014 had the maximum share of total profit in any given year.
Good question to learn about the approximation in graphs. As per the we have to find the in which year which division had the maximum share . Meaning percentage split between the divisions was maximum.
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).
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