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A retail company earned $5 million as commission on the first $35 mill

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A retail company earned $5 million as commission on the first $35 mill  [#permalink]

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New post 24 Sep 2018, 01:16
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A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

47% (01:14) correct 53% (01:50) wrong based on 16 sessions

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A retail company earned $5 million as commission on the first $35 million in sales and then $11 million as commission on the next $121 million in sales. By what percent did the ratio of commissions to sales decrease from the first $35 million in sales to the next $121 million in sales?

(A) 11.11%
(B) 22.22%
(C) 36.36%
(D) 44.44%
(E) 50%

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Re: A retail company earned $5 million as commission on the first $35 mill  [#permalink]

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New post 24 Sep 2018, 04:34
Bunuel wrote:
A retail company earned $5 million as commission on the first $35 million in sales and then $11 million as commission on the next $121 million in sales. By what percent did the ratio of commissions to sales decrease from the first $35 million in sales to the next $121 million in sales?

(A) 11.11%
(B) 22.22%
(C) 36.36%
(D) 44.44%
(E) 50%


5 million as percentage of 35 million = 5*100/35 = 100/7

11 million as percentage of 121 million = 11*100/121 = 100/11

% Decrease = (Final Value - Initial Value)*100/Initial Value = [(100/11)-(100/7)]*100 / (100/7) = 36.36%

Answer: Option C
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Re: A retail company earned $5 million as commission on the first $35 mill  [#permalink]

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New post 24 Sep 2018, 05:01
Bunuel wrote:
A retail company earned $5 million as commission on the first $35 million in sales and then $11 million as commission on the next $121 million in sales. By what percent did the ratio of commissions to sales decrease from the first $35 million in sales to the next $121 million in sales?

(A) 11.11%
(B) 22.22%
(C) 36.36%
(D) 44.44%
(E) 50%



Lets find the firs ratio: 5M/35M = 1/7 Lets find the second one: 11M/121M= 1/11. Now lets calculate the change:

a good formula for calculating change is: (Old-new)/ old==> (1/7-1/11)/(1/7) = 4/11 =~less than 40% ==> option c is the best answer.
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Re: A retail company earned $5 million as commission on the first $35 mill   [#permalink] 24 Sep 2018, 05:01
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A retail company earned $5 million as commission on the first $35 mill

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