Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
|
|
GMAT Club Daily Prep
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Dec 1511:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease.
Dec 1608:00 AM PST
-11:59 PM PST
GMAT Club 12 Days of Christmas is a 4th Annual GMAT Club Winter Competition based on solving questions. This is the Winter GMAT competition on GMAT Club with an amazing opportunity to win over $40,000 worth of prizes!- Dec 17
09:00 AM PST
-10:00 AM PST
Join Manhattan Prep instructor Whitney Garner for a fun—and thorough—review of logic-based (non-math) problems, with a particular emphasis on Data Sufficiency and Two-Parts. - Dec 18
10:00 AM PST
-11:00 AM PST
Here is the essential guide to securing scholarships as an MBA student! In this video, we explore the various types of scholarships available, including need-based and merit-based options. - Dec 21
11:00 AM IST
-01:00 PM IST
Do RC/MSR passages scare you? e-GMAT is conducting a masterclass to help you learn – Learn effective reading strategies Tackle difficult RC & MSR with confidence Excel in timed test environment
02 Mar 2011, 03:25
Kudos
Bookmarks
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
80% (01:49) correct
20%
(01:18)
wrong
based on 112
sessions
History
Date
Time
Result
Not Attempted Yet
A certain company reported that the revenue on sales increased 40 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?
(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %
(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %
02 Mar 2011, 03:37
Kudos
Bookmarks
banksy
228. A certain company reported that the revenue on sales increased 40 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?
(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %
(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %
Assume the revenue in 2000 to be 100. Then in 2003 it would be 140 and and in 2005 180, so from 2003 to 2005 it increased by (180-140)/140=40/140=2/7=~29%.
Answer: E.
sashiim20
Joined: 04 Dec 2015
Last visit: 05 Jun 2024
Posts: 620
Own Kudos:
Given Kudos: 276
Location: India
Concentration: Technology, Strategy
Schools: ISB '19 IIMB IIMA XLRI HEC Sept19 intake Rotman '21 NUS '21 NTU '20 Trinity MBA '20 Bocconi '21 Smurfit "21
WE:Information Technology (Consulting)
Schools: ISB '19 IIMB IIMA XLRI HEC Sept19 intake Rotman '21 NUS '21 NTU '20 Trinity MBA '20 Bocconi '21 Smurfit "21
Posts: 620
Kudos:
1,683
17 May 2017, 05:34
Kudos
Bookmarks
A certain company reported that the revenue on sales increased 40 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?
(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %
Let Revenue for year 2000 be = 100
Revenue increased 40% from 2000 to 2003 = 140% of 100 = \(\frac{140}{100}\) x 100 = 140
Revenue increased 80% from 2000 to 2005 = 180% of 100 = \(\frac{180}{100 x 100}\) = 180
Change in revenue from 2003 to 2005 = 180-140 = 40
Percentage increase = Change in revenue / Initial value x 100 = \(\frac{40}{140}\) x 100 = 28.571... (approximately) = 29%
Answer E...
_________________
Kindly press "+1 Kudos" to appreciate
(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %
Let Revenue for year 2000 be = 100
Revenue increased 40% from 2000 to 2003 = 140% of 100 = \(\frac{140}{100}\) x 100 = 140
Revenue increased 80% from 2000 to 2005 = 180% of 100 = \(\frac{180}{100 x 100}\) = 180
Change in revenue from 2003 to 2005 = 180-140 = 40
Percentage increase = Change in revenue / Initial value x 100 = \(\frac{40}{140}\) x 100 = 28.571... (approximately) = 29%
Answer E...
_________________
Kindly press "+1 Kudos" to appreciate
