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If retail stores experience a decrease in revenues during this holiday

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If retail stores experience a decrease in revenues during this holiday  [#permalink]

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New post 17 Apr 2015, 10:33
2
8
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A
B
C
D
E

Difficulty:

  65% (hard)

Question Stats:

57% (02:00) correct 43% (02:12) wrong based on 306 sessions

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If retail stores experience a decrease in revenues during this holiday season, then either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level most people can afford. If attitudes have changed, then we all have something to celebrate this season. If prices have risen beyond the level most people can afford, then it must be that salaries have not kept pace with rising prices during the past year.

Assuming the premises above to be true, if salaries have kept pace with rising prices during the past year, which one of the following must be true?


(A) Attitudes toward extravagant gift-giving have changed.

(B) Retail stores will not experience a decrease in retail sales during this holiday season.

(C) Prices in retail stores have not risen beyond the level that most people can afford during this holiday season.

(D) Attitudes toward extravagant gift-giving have not changed, and stores will not experience a decrease in revenues during this holiday season.

(E) Either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level that most people can afford during this holiday season.

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Re: If retail stores experience a decrease in revenues during this holiday  [#permalink]

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New post 17 Apr 2015, 11:57
souvik101990 wrote:
If retail stores experience a decrease in revenues during this holiday season, then either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level most people can afford. If attitudes have changed, then we all have something to celebrate this season. If prices have risen beyond the level most people can afford, then it must be that salaries have not kept pace with rising prices during the past year.

Assuming the premises above to be true, if salaries have kept pace with rising prices during the past year, which one of the following must be true?

(A) Attitudes toward extravagant gift-giving have changed.

(B) Retail stores will not experience a decrease in retail sales during this holiday season.

(C) Prices in retail stores have not risen beyond the level that most people can afford during this holiday season.

(D) Attitudes toward extravagant gift-giving have not changed, and stores will not experience a decrease in revenues during this holiday season.

(E) Either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level that most people can afford during this holiday season.



Since it is a "must be true" question, only option C satisfy it the fullest


Hence answer is C
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Re: If retail stores experience a decrease in revenues during this holiday  [#permalink]

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New post 18 Apr 2015, 00:05
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If retail stores experience a decrease in revenues during this holiday season, then either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level most people can afford. [If A then B or C]
If attitudes have changed, then we all have something to celebrate this season. [If B then D]
If prices have risen beyond the level most people can afford, then it must be that salaries have not kept pace with rising prices during the past year. [If C then E]

Assuming the premises above to be true, if salaries have kept pace with rising prices during the past year, which one of the following must be true?

Quote:
Point to note:
If C then E ; If not E then not C.
If salaries have kept pace with rising prices during the past year then prices have not risen beyond the level most people can afford


(A) Attitudes toward extravagant gift-giving have changed.
(B) Retail stores will not experience a decrease in retail sales during this holiday season.
(C) Prices in retail stores have not risen beyond the level that most people can afford during this holiday season.

(D) Attitudes toward extravagant gift-giving have not changed, and stores will not experience a decrease in revenues during this holiday season.
(E) Either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level that most people can afford during this holiday season.
BTW any logical reason to strike out A ?
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Re: If retail stores experience a decrease in revenues during this holiday  [#permalink]

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New post 18 Apr 2015, 02:01
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JarvisR wrote:
If retail stores experience a decrease in revenues during this holiday season, then either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level most people can afford. [If A then B or C]
If attitudes have changed, then we all have something to celebrate this season. [If B then D]
If prices have risen beyond the level most people can afford, then it must be that salaries have not kept pace with rising prices during the past year. [If C then E]

Assuming the premises above to be true, if salaries have kept pace with rising prices during the past year, which one of the following must be true?

Quote:
Point to note:
If C then E ; If not E then not C.
If salaries have kept pace with rising prices during the past year then prices have not risen beyond the level most people can afford



(A) Attitudes toward extravagant gift-giving have changed.
(B) Retail stores will not experience a decrease in retail sales during this holiday season.
(C) Prices in retail stores have not risen beyond the level that most people can afford during this holiday season.

(D) Attitudes toward extravagant gift-giving have not changed, and stores will not experience a decrease in revenues during this holiday season.
(E) Either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level that most people can afford during this holiday season.
BTW any logical reason to strike out A ?



I believe, A is struck out as the question stem has an EITHER/OR situation and since salaries have kept pace with the rising prices - then clearly prices are changing not attitudes :)

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Re: If retail stores experience a decrease in revenues during this holiday  [#permalink]

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New post 18 May 2015, 02:11
I had to Thought on this question for 5 mints :(
My logic is ----
if revenue less then either attitude change or High prices
If High prices then Salaries not increased ...

Now questions asks , If Salaries are increased then ....?
Obviously prices are not high.
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Re: If retail stores experience a decrease in revenues during this holiday  [#permalink]

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New post 18 May 2015, 02:22
The logic here is quite simple.

"If the retail store experience a decrease" ---> "IF".

Hence, A cannot be a "Must True", so we are left with only C :)
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Re: If retail stores experience a decrease in revenues during this holiday  [#permalink]

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New post 18 May 2015, 02:48
souvik101990 wrote:
If retail stores experience a decrease in revenues during this holiday season, then either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level most people can afford. If attitudes have changed, then we all have something to celebrate this season. If prices have risen beyond the level most people can afford, then it must be that salaries have not kept pace with rising prices during the past year.

Assuming the premises above to be true, if salaries have kept pace with rising prices during the past year, which one of the following must be true?

(A) Attitudes toward extravagant gift-giving have changed.

(B) Retail stores will not experience a decrease in retail sales during this holiday season.

(C) Prices in retail stores have not risen beyond the level that most people can afford during this holiday season.

(D) Attitudes toward extravagant gift-giving have not changed, and stores will not experience a decrease in revenues during this holiday season.

(E) Either attitudes toward extravagant gift-giving have changed or prices have risen beyond the level that most people can afford during this holiday season.



Since it is a must be true question with conditional statements, I will rather go straight to the correct option than eliminate the wrong ones!

If A then B ... The contra positive statement Not B then Not A must be true.

Last line of the argument is a conditional statement: if prices have risen...... Then salaries have not risen....
Contra positive -- if salaries have risen... Then prices have not risen

Thus, Option C

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Re: If retail stores experience a decrease in revenues during this holiday  [#permalink]

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New post 21 May 2015, 08:53
Prices have risen beyond the level most people can afford imples -> Salaries have not kept pace with rising prices during the past year.
So just consider it :
It rained -> Clouds are present,
But this doesn't mean that the reverse is necessarily true :
Clouds are present -> It rained.
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Re: If retail stores experience a decrease in revenues during this holiday  [#permalink]

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New post 22 Apr 2018, 05:04
If A then B => If not B then not A.
Answer is C.
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Re: If retail stores experience a decrease in revenues during this holiday &nbs [#permalink] 22 Apr 2018, 05:04
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