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Box office receipts for independent movies for the first half of this

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Re: Box office receipts for independent movies for the first half of this  [#permalink]

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New post 24 Dec 2018, 01:10
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pqhai wrote:
ANALYZE THE STIMULUS:

Fact: Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year.
Fact: Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released.
Fact: The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

Question: If the statements above are true, which of the following must be true? <== This is MUST BE TRUE question, so NO "new" information accepted.

ANALYZE EACH ANSWER:

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year
Wrong. TEMPTING. We just know data of the FIRST half of this year. What if total receipt in the first half is more than 20%, but will decrease significantly in the second half? ==> We can't say total receipts this year will be significantly 20% greater than that of last year. A can't be answer.

2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
Wrong. Absolutely wrong, we don't know how many films were released in the first half of last year.

3. The price of a movie ticket has not increased since last year.
Wrong. Nothing about the price. Out of scope.

4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.
Correct. Assume prices do not change significantly. In the first half, total receipts is 20% more than that of total last year. But the number of film released is fewer (20 vs. 50) ==> Clearly, average revenue of each film in the first half of this year is greater than that of film released last year.

5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.
Wrong. Nothing about number of people. Out of scope.

Hope it helps


Hi,
I do have one confusion. According to first statement of passage , the total receipts of the first half of this year is 20% more than the the total receipts of all of last year.
Taking Total receipts of last year= x
the receipts of first half of this year = 1.2x
the receipts of second half of this year = a

so automatically the receipts of this year will be = 1.2x + a
and the total receipts of this year will be more than 20% of that of last year.

Please do guide, where my thought process is faulty.
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Box office receipts for independent movies for the first half of this  [#permalink]

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New post 25 Dec 2018, 07:46
harshsaini wrote:
pqhai wrote:
ANALYZE THE STIMULUS:

Fact: Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year.
Fact: Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released.
Fact: The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

Question: If the statements above are true, which of the following must be true? <== This is MUST BE TRUE question, so NO "new" information accepted.

ANALYZE EACH ANSWER:

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year
Wrong. TEMPTING. We just know data of the FIRST half of this year. What if total receipt in the first half is more than 20%, but will decrease significantly in the second half? ==> We can't say total receipts this year will be significantly 20% greater than that of last year. A can't be answer.

2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
Wrong. Absolutely wrong, we don't know how many films were released in the first half of last year.

3. The price of a movie ticket has not increased since last year.
Wrong. Nothing about the price. Out of scope.

4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.
Correct. Assume prices do not change significantly. In the first half, total receipts is 20% more than that of total last year. But the number of film released is fewer (20 vs. 50) ==> Clearly, average revenue of each film in the first half of this year is greater than that of film released last year.

5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.
Wrong. Nothing about number of people. Out of scope.

Hope it helps


Hi,
I do have one confusion. According to first statement of passage , the total receipts of the first half of this year is 20% more than the the total receipts of all of last year.
Taking Total receipts of last year= x
the receipts of first half of this year = 1.2x
the receipts of second half of this year = a

so automatically the receipts of this year will be = 1.2x + a
and the total receipts of this year will be more than 20% of that of last year.

Please do guide, where my thought process is faulty.


i am also having same question,
due to which i marked Option A
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Re: Box office receipts for independent movies for the first half of this  [#permalink]

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New post 04 Apr 2019, 02:41
VeritasKarishma GMATNinja

D is correct But why is A wrong??

Already 20 movies have earned receipts 1.2(total receipts last year). So whatever the movies in the next six month contribute will be simply added. So total receipt cannot decrease and is bound to be at least 20% greater.

(I think receipt refers to total revenue. Correct me if I am wrong)
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Re: Box office receipts for independent movies for the first half of this  [#permalink]

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New post 21 Apr 2019, 23:35
Why answer cannot be (A). Let’s suppose total receipt for last year was $100. Then for the first half of this year total receipt is $120.
Even if all 20 movies that are scheduled to be released in 2nd half generates 0 receipt then also total receipt for this year will be $120 which is 20% higher than the last year receipt

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Box office receipts for independent movies for the first half of this  [#permalink]

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New post 08 Jul 2019, 05:42
vocabulary
box-office receipts = the money earned from ticket sales for a film or play, revenue

We arrived with the following information,

1, Box office receipts for independent movies for the "first half" of this year have increased by 20 percent over "the total" receipts for independent movies for all of last year
revenue: $100 all of last year, $120 first half this year
we assume that the "total" revenue of last year is $100, therefore an increment of 20% is $120 for the "first half" revenue of this year

2, Last year, 50 independent movies were released, while so far this year "only 20" independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.
Total movies released: 50 for last year, 40 -/+ X for this year
Total of First half movies: last year not provided , 20 this year
Total of Second half movies: last year not provided , 20 -/+ X year


(A) The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year.
revenue: $100 all of last year, $120 first half this year
No info provided for the revenue of second half of this year

(B) The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
total of First half movies: last year not provided, 20 for this year
No info provided for first half of movies last year

(C) The price of a movie ticket has not increased since last year.
No info provided for the revenue or second half of this year.
to find whether the price of a movie ticket has increased or decreased,
(This year) total revenue/total movie - (Last year) total revenue/total movie


(D) The average receipts for the independent films released during the first half of this year is greater than that of "all independent films released last year."
last year: $100/50 =$20/movie
this year first half: $120/20 = $60/movie

(E) The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.
No info about "people" is provided.
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Re: Box office receipts for independent movies for the first half of this  [#permalink]

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New post 29 Jul 2019, 07:18
pqhai wrote:
ANALYZE THE STIMULUS:

Fact: Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year.
Fact: Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released.
Fact: The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

Question: If the statements above are true, which of the following must be true? <== This is MUST BE TRUE question, so NO "new" information accepted.

ANALYZE EACH ANSWER:

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year
Wrong. TEMPTING. We just know data of the FIRST half of this year. What if total receipt in the first half is more than 20%, but will decrease significantly in the second half? ==> We can't say total receipts this year will be significantly 20% greater than that of last year. A can't be answer.

2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.
Wrong. Absolutely wrong, we don't know how many films were released in the first half of last year.

3. The price of a movie ticket has not increased since last year.
Wrong. Nothing about the price. Out of scope.

4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.
Correct. Assume prices do not change significantly. In the first half, total receipts is 20% more than that of total last year. But the number of film released is fewer (20 vs. 50) ==> Clearly, average revenue of each film in the first half of this year is greater than that of film released last year.

5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.
Wrong. Nothing about number of people. Out of scope.

Hope it helps


But we don't know how many movies were released in the first half of last year. What is only 10 were released? Then the average would be higher. Where am I going wrong?
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Re: Box office receipts for independent movies for the first half of this   [#permalink] 29 Jul 2019, 07:18

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