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A company got 1/3 of its revenue last quarter from foreign clients. Of

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A company got 1/3 of its revenue last quarter from foreign clients. Of  [#permalink]

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13 Apr 2018, 02:05
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5% (low)

Question Stats:

90% (01:12) correct 10% (01:38) wrong based on 70 sessions

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A company got 1/3 of its revenue last quarter from foreign clients. Of the remaining revenue, they received one-fourth of their revenue from out-of-state clients and the rest from in-state clients. What percent of revenue came from in-state clients?

A. 17
B. 25
C. 42
D. 50
E. 75

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Schools: HBS '21
GMAT 1: 690 Q50 V32
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Re: A company got 1/3 of its revenue last quarter from foreign clients. Of  [#permalink]

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13 Apr 2018, 03:09
Bunuel wrote:
A company got 1/3 of its revenue last quarter from foreign clients. Of the remaining revenue, they received one-fourth of their revenue from out-of-state clients and the rest from in-state clients. What percent of revenue came from in-state clients?

A. 17
B. 25
C. 42
D. 50
E. 75

Choose total revenue to be a convenient number such as 90.

1/3 of its revenue (90) last quarter from foreign clients =30.

one-fourth of their revenue from out-of-state clients = 1/4 * 60 =15

In state clients revenue = 90 - (15+30) = 45. 45 is 50% of 90.

Hence option D= 50 is the answer.
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Re: A company got 1/3 of its revenue last quarter from foreign clients. Of  [#permalink]

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22 Apr 2018, 03:43
(1) Remaining revenue is 1- (1/3) = 2/3

(2) 'Out of State' is 1/4 of the remaing revenue so 'In-State' is 1- (1/4) = 3/4

(3) (2/3) * (3/4) = 1/2 = 50%
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A company got 1/3 of its revenue last quarter from foreign clients. Of  [#permalink]

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22 Apr 2018, 07:01
Bunuel wrote:
A company got 1/3 of its revenue last quarter from foreign clients. Of the remaining revenue, they received one-fourth of their revenue from out-of-state clients and the rest from in-state clients. What percent of revenue came from in-state clients?

A. 17
B. 25
C. 42
D. 50
E. 75

Let total revenue, R = $12 (LCM of the fractions' denominators) 1) 1/3 of R from foreign investors: 1/3 of$12 = $4$(12 - 4) = $8 remain 2) 1/4 of remaining R from out-of-state investors: 1/4 of$8 = $2$(8 - 2) = $6 remain 3) The rest [of R] from in-state investors =$6

Percent of revenue from in-state clients:
$$\frac{InStateR}{TotalR}=\frac{6}{12}=.50*100=50$$ percent

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Joined: 31 May 2017
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Re: A company got 1/3 of its revenue last quarter from foreign clients. Of  [#permalink]

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22 Apr 2018, 07:40
Lets take total revenue as 12.

1/3 of client is foreign- 4 clients
1/4 of remaining is out of state - 2
Remaining is in state clients = 12-(4+2) = 6

6 is 50% of 12.

Ans D

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Joined: 02 Oct 2017
Posts: 727
Re: A company got 1/3 of its revenue last quarter from foreign clients. Of  [#permalink]

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28 Apr 2018, 16:51
(2/3)*(3/4)=1/2
Means 50 percent

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Re: A company got 1/3 of its revenue last quarter from foreign clients. Of &nbs [#permalink] 28 Apr 2018, 16:51
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