Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 24 May 2017, 03:50

### 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

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Challenge Problem

 post reply Question banks Downloads My Bookmarks Reviews Important topics
Author Message
Manager
Joined: 20 May 2006
Posts: 96
Followers: 0

Kudos [?]: 0 [0], given: 0

### Show Tags

25 Aug 2006, 21:18
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

Can someone explain the following problems?

If the circus were to sell al of its 220 tickets for this month's performance at their usual price, the revenue from sales would be 10% greater than that collected last month. However, the circus raised the ticket price by 5% and sold only 200tickets as a result. What percent less was last month's revenue than that of this month?

A. 2
B. 5
C 100/21
D. 110/20
E. 9/4
Senior Manager
Joined: 27 Jul 2006
Posts: 297
Followers: 1

Kudos [?]: 17 [0], given: 0

### Show Tags

25 Aug 2006, 22:34
IT seems to me that the answer is 5 percent.

220 tickets at regular price... Lets say that the price is a dollar.

220=10% more than last month

220/1.10=200 (the amount that they made last month, and also the amount of tickest they sold)

this month they sold 200 tickets (the same as last month) at a price increase of 5 percent...

they made 5 percent more 210 dollars from 200 tickets sold at a price of 1.05
Senior Manager
Joined: 27 Jul 2006
Posts: 297
Followers: 1

Kudos [?]: 17 [0], given: 0

### Show Tags

25 Aug 2006, 22:37
whoops... I did not read the last sentence not how much more but how much less... It should be 100/21 since that is just a tad less than 5 percent.
Director
Joined: 28 Dec 2005
Posts: 752
Followers: 2

Kudos [?]: 16 [0], given: 0

### Show Tags

26 Aug 2006, 07:10
220S = 1.1L

This year,

Sale = 200(1.05S) = 1.05L

Difference in sale = 0.05L

As a percentage of this year's sale = 0.05/1.05 = A little less than 5%, will go with C
Intern
Joined: 23 Jul 2006
Posts: 49
Followers: 1

Kudos [?]: 1 [0], given: 0

### Show Tags

26 Aug 2006, 10:17
C

Let p price and r revenue

First month: 220*p = 1.1* r => r = 200*p

Second month: 200 * (1.05*p)=r => r=210*p

Then, what percent less was last month's revenue (200p) than that of this month (210p)?

_________________

Woody crack the GMAT

Current Student
Joined: 29 Jan 2005
Posts: 5222
Followers: 26

Kudos [?]: 402 [0], given: 0

### Show Tags

26 Aug 2006, 10:27
B is the trap answer for those who rush through this question (myself included ) Answer should be .05/1.05~100/41
Senior Manager
Joined: 14 Aug 2006
Posts: 363
Followers: 1

Kudos [?]: 46 [0], given: 0

### Show Tags

26 Aug 2006, 20:55
I think C

If x is the amount of the ticket, then this month's sale is 220x
last month was 10% less => 200x

if the tickets were sold at 5% more then the price is x+.05x

for 200 tickets => 200(x+.05x) = 210x

revenue less: 100/21
CEO
Joined: 21 Jan 2007
Posts: 2747
Location: New York City
Followers: 11

Kudos [?]: 939 [0], given: 4

### Show Tags

27 Dec 2007, 08:57
QP=Rev

Rev = 220x
last months Rev = .9(220x) = 200x

QP=Rev
200 * 1.5x = 210x

(210x - 200x)/ 210x
10x/210x
1/21
slightly less than 5, but definitely not close to 2
therefore C 100/21
27 Dec 2007, 08:57
Display posts from previous: Sort by

# Challenge Problem

 post reply Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group and phpBB SEO Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.