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26 Mar 2024, 01:30
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E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
63% (00:32) correct
37%
(01:10)
wrong
based on 57
sessions
History
Date
Time
Result
Not Attempted Yet
By what percent did the company’s earnings increase this year in terms of US dollars?
(1) The company earned 18% more Canadian dollars this year.
(2) The company earned 100,000 Canadian dollars this year.
(1) The company earned 18% more Canadian dollars this year.
(2) The company earned 100,000 Canadian dollars this year.
26 Mar 2024, 01:54
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In the first glance, I looked at the currency US Dollars used in the question stem in which the answer is required.
Since the statements are in currency Canadian Dollar therefore, even if everything the question is asking can be calculated, we don't have the conversion metric (how the canadian dollar worth has changed over this time with respect to worth of US dollar) hence the answer of the question is
Together not Sufficient
Answer: Option E
Since the statements are in currency Canadian Dollar therefore, even if everything the question is asking can be calculated, we don't have the conversion metric (how the canadian dollar worth has changed over this time with respect to worth of US dollar) hence the answer of the question is
Together not Sufficient
Answer: Option E
Bunuel
By what percent did the company’s earnings increase this year in terms of US dollars?
(1) The company earned 18% more Canadian dollars this year.
(2) The company earned 100,000 Canadian dollars this year.
(1) The company earned 18% more Canadian dollars this year.
(2) The company earned 100,000 Canadian dollars this year.
26 Mar 2024, 02:31
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IMO A
Let 1 Canadian dollar = x Us dollar
Let company earned y dollar last year
(1) This year = 1.18y => 1.18xy US dollar
Last year = xy US dollar
% increase = (1.18xy-xy)/xy *100 = 18%
Hence suff
(2) we don't know anything about last year. Hence insuff
Let 1 Canadian dollar = x Us dollar
Let company earned y dollar last year
(1) This year = 1.18y => 1.18xy US dollar
Last year = xy US dollar
% increase = (1.18xy-xy)/xy *100 = 18%
Hence suff
(2) we don't know anything about last year. Hence insuff
