GMAT Changed on April 16th - Read about the latest changes here
close

It is currently 22 Apr 2018, 19:15
Search
Register
GMAT Club Tests
Decision Tracker
My Rewards
New posts
Unanswered

Close

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
Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Go to My Workbook Learn more
Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar
CLICK HERE TO HIDE/SHOW EVENTS

Jazz and blues recordings accounted for 6 percent of the $840 million

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
  Sort by Date Sort by Kudos  
Search for:
 
Print view
First unread post
Author Message
TAGS:

Hide Tags
Expert Post
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 44599
Premium Member CAT Tests
Top Member of the Month
Jazz and blues recordings accounted for 6 percent of the $840 million [#permalink]

Show Tags

New post 16 Jun 2016, 05:45
Expert's post
10
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

64% (01:01) correct 36% (00:52) wrong based on 686 sessions

HideShow timer Statistics

Jazz and blues recordings accounted for 6 percent of the $840 million revenue from the sales of recordings in Country Y in 2000. What was the revenue from the sales of jazz and blues recordings in Country Y in 1998?

(1) Jazz and blues recordings accounted for 5 percent of the revenue from the sales of recordings in Country Y in 1998
(2) The revenue from the sales of jazz and blues recordings in Country Y increased by 40 percent from 1998 to 2000
[Reveal] Spoiler: OA

_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

3 KUDOS received
Current Student
avatar
Joined: 18 Sep 2014
Posts: 231
Schools: Kelley '19 (S), ISB '18 (A), Fisher '19 (II), Olin '19 (S), Simon '19 (A), Broad '19 (S), Smeal Penn State "19 (A)
Reviews Badge
Re: Jazz and blues recordings accounted for 6 percent of the $840 million [#permalink]

Show Tags

New post 16 Jun 2016, 06:00
3
This post received
KUDOS
Jazz and blues recordings accounted for 6 percent of the $840 million revenue from the sales of recordings in Country Y in 2000. What was the revenue from the sales of jazz and blues recordings in Country Y in 1998?

(1) Jazz and blues recordings accounted for 5 percent of the revenue from the sales of recordings in Country Y in 1998
(2) The revenue from the sales of jazz and blues recordings in Country Y increased by 40 percent from 1998 to 2000

we get .06*840mil = 50.4 mill in 2000 revenue.
from stmt 2, we get in 1998, revenue = .6 *50.4

B is the answer.
_________________

Kindly press the Kudos to appreciate my post !! :-)

3 KUDOS received
Manager
Manager
avatar
Joined: 21 Sep 2015
Posts: 81
Location: India
GMAT 1: 730 Q48 V42
GMAT 2: 750 Q50 V41
Reviews Badge
Re: Jazz and blues recordings accounted for 6 percent of the $840 million [#permalink]

Show Tags

New post Updated on: 25 Jun 2016, 05:31
3
This post received
KUDOS
Jazz and blues recordings accounted for 6 percent of the $840 million revenue from the sales of recordings in Country Y in 2000. What was the revenue from the sales of jazz and blues recordings in Country Y in 1998?

(1) Jazz and blues recordings accounted for 5 percent of the revenue from the sales of recordings in Country Y in 1998:

We dont know the revenue from the sale of recordings in 1998 and cant calculate revenue from jazz and blues recordings. INSUFFICIENT

(2) The revenue from the sales of jazz and blues recordings in Country Y increased by 40 percent from 1998 to 2000

Revenue in 2000 = $50.4 million
Let revenue in 1998= x

x + 0.4 * x =$50.4
x=$36 million

SUFFICIENT

Ans:B
_________________

Appreciate any KUDOS given ! :)


Originally posted by rishi02 on 16 Jun 2016, 06:15.
Last edited by rishi02 on 25 Jun 2016, 05:31, edited 1 time in total.
1 KUDOS received
Current Student
User avatar
S
Joined: 28 Nov 2014
Posts: 903
Concentration: Strategy
Schools: Fisher '19 (M)
GPA: 3.71
Reviews Badge
Re: Jazz and blues recordings accounted for 6 percent of the $840 million [#permalink]

Show Tags

New post 24 Jun 2016, 02:26
1
This post received
KUDOS
FightToSurvive wrote:
Jazz and blues recordings accounted for 6 percent of the $840 million revenue from the sales of recordings in Country Y in 2000. What was the revenue from the sales of jazz and blues recordings in Country Y in 1998?

(1) Jazz and blues recordings accounted for 5 percent of the revenue from the sales of recordings in Country Y in 1998
(2) The revenue from the sales of jazz and blues recordings in Country Y increased by 40 percent from 1998 to 2000

we get .06*840mil = 50.4 mill in 2000 revenue.
from stmt 2, we get in 1998, revenue = .6 *50.4

B is the answer.


It seems that you have done a mistake in the highlighted part, FightToSurvive
Expert Post
2 KUDOS received
Target Test Prep Representative
User avatar
G
Status: Head GMAT Instructor
Affiliations: Target Test Prep
Joined: 04 Mar 2011
Posts: 2273
Re: Jazz and blues recordings accounted for 6 percent of the $840 million [#permalink]

Show Tags

New post 08 Dec 2016, 09:48
2
This post received
KUDOS
Expert's post
1
This post was
BOOKMARKED
Bunuel wrote:
Jazz and blues recordings accounted for 6 percent of the $840 million revenue from the sales of recordings in Country Y in 2000. What was the revenue from the sales of jazz and blues recordings in Country Y in 1998?

(1) Jazz and blues recordings accounted for 5 percent of the revenue from the sales of recordings in Country Y in 1998
(2) The revenue from the sales of jazz and blues recordings in Country Y increased by 40 percent from 1998 to 2000


We are given that the revenue from the sales of jazz and blues in 2000 accounted for 0.06 x (840 million) = 50.4 million dollars in revenue. We need to determine the revenue from the sales of jazz and blues in 1998.

Statement One Alone:

Jazz and blues recordings accounted for 5 percent of the revenue from the sales of recordings in Country Y in 1998.

Since we do not have any information about the total revenue in 1998, statement one alone is not sufficient to answer the question. We can eliminate answer choices A and D.

Statement Two Alone:

The revenue from the sales of jazz and blues recordings in Country Y increased by 40 percent from 1998 to 2000.

Using the information given and statement two, we can determine the revenue from sales of jazz and blues in 1998. If we let the revenue from sales of jazz and blues in 1998 = R, we can create the following equation:

1.4R = 50.4 million

R = (50.4 million)/1.4

R = 36 million

Statement two alone is sufficient to answer the question.

Answer: B
_________________

Jeffery Miller
Head of GMAT Instruction

GMAT Quant Self-Study Course
500+ lessons 3000+ practice problems 800+ HD solutions

Manager
Manager
avatar
B
Joined: 02 Jan 2017
Posts: 81
Location: Pakistan
Concentration: Finance, Technology
GMAT 1: 650 Q47 V34
GPA: 3.41
WE: Business Development (Accounting)
Reviews Badge
Re: Jazz and blues recordings accounted for 6 percent of the $840 million [#permalink]

Show Tags

New post 14 Dec 2017, 01:12
Focusing on the relationship of variables helps to see sufficiency in percentage DS questions. Often they can confuse you to think you have info or more than often you don't have enough information.

Stem gives us 2000 Revenue = .06 * 840 Million

We require revenue in 1998 by jazz & blues
Statement 1 : Gives us Revenue Percentage of 1998 with no amount of that year. Insufficient
Statement 2 : Gives us increase in Revenue from 1998 to 2000. Which translates to => x + .4x = .06 * 840 Million. Sufficient

From statement 2 alone we can get x ( revenue of 1998)

Hence Answer is B.

Writing down what is required clearly on paper, will help a lot in terms of recognizing what relationship you need for sufficiency.
Further breaking that down ahead increases accuracy.
Re: Jazz and blues recordings accounted for 6 percent of the $840 million   [#permalink] 14 Dec 2017, 01:12
Print view
First unread post
Display posts from previous: Sort by

Jazz and blues recordings accounted for 6 percent of the $840 million

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Moderators: chetan2u, VeritasPrepKarishma, mikemcgarry, Bunuel, amanvermagmat

Search for:


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

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®.

Main navigation

GMAT Resources

Partners

MBA Resources

www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions