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# Last year if 97 percent of the revenues of a company came from

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Re: Last year if 97 percent of the revenues of a company came from [#permalink]
450,000 / 0.03 = 15,000,000. Answer is (D).
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Re: Last year if 97 percent of the revenues of a company came from [#permalink]
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Bunuel wrote:
The Official Guide For GMAT® Quantitative Review, 2ND Edition

Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling $450,000, came from foreign sources, what was the total of the company's revenues? (A)$ 1,350,000
(B) $1,500,000 (C)$ 4,500,000
(D) $15,000,000 (E)$150,000,000

Concept to Note: - A whole part is represented by 1 or 1/1 in fractions and 100% when it comes to percentages.

Keeping the above concept about percentages in mind if 97% of revenues of the company came from domestic sources, the remaining sources of revenue would account for 100%-97% = 3%.

we know that 3% of total revenue is 450,00. We need to find what the total revenue is or what 100 percent is!

Let us assume our Revenue is R. Algebrically -

3% of R = 450,000

3/100 * R = 450,000

R = 450,000 * (100/3) = 150,000 * 100 = 15,000,000 or 15 Million!

This question is very simple and might appear at 500 level. The key in solving such a question would be to solve it fast enough; perferably within a minute or there about so you can save up time for the harder questions that might appear later in the exam. As soon as you see 45 in the numerator and 3 in the denominator, 15 should start running in your mind because 45/3 = 15. Stuff like this helps improve on speed.

If you look at the question and aren't sure how percentages work, your first thing to do is to look up a good source of GMAT content like MGMAT booklets and go through the percentages chapter and evalute your progress on percentages after you've had a thorough read. Rinse, wash...repeat if you still aren't clear on something!
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Re: Last year if 97 percent of the revenues of a company came from [#permalink]
15 million.
3% of X = 450,000
Hence, 15,00,000.
Careful with the no. of zeros!
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Re: Last year if 97 percent of the revenues of a company came from [#permalink]
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Since 3% of the total revenue is $4,50,000. 1% of total revenue is 4,50,000/3 = 1,50,000 100% of total revenue will be = 1,50,000*100 = 15,000,000 Answer is (D) Manager Joined: 21 Mar 2011 Status:GMATting Posts: 96 Own Kudos [?]: 288 [0] Given Kudos: 104 Concentration: Strategy, Technology GMAT 1: 590 Q45 V27 Re: Last year if 97 percent of the revenues of a company came from [#permalink] Remaining revenues =3%= 450,000 => (3/100) * TR = 450,000; TR is the Total Revenue TR = (450,000 * 100)/3 TR = 15,000,000 = 15 million Ans is (D) SVP Joined: 27 May 2012 Posts: 1697 Own Kudos [?]: 1494 [0] Given Kudos: 639 Re: Last year if 97 percent of the revenues of a company came from [#permalink] Bunuel wrote: Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling$450,000, came from foreign sources, what was the total of the company's revenues?

(A) $1,350,000 (B)$ 1,500,000
(C) $4,500,000 (D)$ 15,000,000
(E) $150,000,000 let total revenues be X then 3% of X=450000( given ) hence X= 15,000,000 Answer D Intern Joined: 27 Dec 2013 Posts: 29 Own Kudos [?]: 27 [0] Given Kudos: 29 Concentration: Finance, General Management Schools: ISB '15 Re: Last year if 97 percent of the revenues of a company came from [#permalink] Bunuel wrote: The Official Guide For GMAT® Quantitative Review, 2ND Edition Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling$450,000, came from foreign sources, what was the total of the company's revenues?

(A) $1,350,000 (B)$ 1,500,000
(C) $4,500,000 (D)$ 15,000,000
(E) $150,000,000 The way I do these kind of problems is - 3 is 450, 000. so how much will be 100? ( since total revenue of the company is asked) 3 ----- 450,000 100---- ?? 100 * 450,000/3 = 15,000,000 Option D Manager Joined: 01 Sep 2013 Status:suffer now and live forever as a champion!!! Posts: 87 Own Kudos [?]: 315 [0] Given Kudos: 74 Location: India Dheeraj: Madaraboina GPA: 3.5 WE:Information Technology (Computer Software) Re: Last year if 97 percent of the revenues of a company came from [#permalink] 3% ---------- 4,50,000; 97% --------- ?????? x= 15,000,000; Manager Joined: 12 Jun 2016 Posts: 145 Own Kudos [?]: 232 [1] Given Kudos: 151 Location: India Concentration: Technology, Leadership WE:Sales (Telecommunications) Re: Last year if 97 percent of the revenues of a company came from [#permalink] 1 Kudos 3% = 450,000 1% = 4500000/3 = 150,000 100% = 15,000,000 D Board of Directors Joined: 11 Jun 2011 Status:QA & VA Forum Moderator Posts: 6049 Own Kudos [?]: 4766 [0] Given Kudos: 463 Location: India GPA: 3.5 WE:Business Development (Commercial Banking) Re: Last year if 97 percent of the revenues of a company came from [#permalink] Bunuel wrote: Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling$450,000, came from foreign sources, what was the total of the company's revenues?

(A) $1,350,000 (B)$ 1,500,000
(C) $4,500,000 (D)$ 15,000,000
(E) $150,000,000 3% represents$450,000
1% represents $150,000 So, 100% represents$15,000,000

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Re: Last year if 97 percent of the revenues of a company came from [#permalink]
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Quote:

Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling $450,000, came from foreign sources, what was the total of the company's revenues? (A)$ 1,350,000
(B) $1,500,000 (C)$ 4,500,000
(D) $15,000,000 (E)$150,000,000

Since 97% of the revenues of a company came from domestic sources, 3% of the revenues, totaling $450,000, came from foreign sources. If we let t = total revenue, then: 0.03t = 450,000 t = 450,000/0.03 t = 15,000,000 Answer: D GMAT Club Legend Joined: 03 Jun 2019 Posts: 5316 Own Kudos [?]: 4232 [0] Given Kudos: 161 Location: India GMAT 1: 690 Q50 V34 WE:Engineering (Transportation) Re: Last year if 97 percent of the revenues of a company came from [#permalink] Bunuel wrote: The Official Guide For GMAT® Quantitative Review, 2ND Edition Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling$450,000, came from foreign sources, what was the total of the company's revenues?

(A) $1,350,000 (B)$ 1,500,000
(C) $4,500,000 (D)$ 15,000,000
(E) $150,000,000 Problem Solving Question: 49 Category: Arithmetic Percents Page: 68 Difficulty: 600 GMAT Club is introducing a new project: The Official Guide For GMAT® Quantitative Review, 2ND Edition - Quantitative Questions Project Each week we'll be posting several questions from The Official Guide For GMAT® Quantitative Review, 2ND Edition and then after couple of days we'll provide Official Answer (OA) to them along with a slution. We'll be glad if you participate in development of this project: 1. Please provide your solutions to the questions; 2. Please vote for the best solutions by pressing Kudos button; 3. Please vote for the questions themselves by pressing Kudos button; 4. Please share your views on difficulty level of the questions, so that we have most precise evaluation. Thank you! Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling$450,000, came from foreign sources, what was the total of the company's revenues?

3%x = $450,000 x = 450,000*100/3 =$15,000,000

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Re: Last year if 97 percent of the revenues of a company came from [#permalink]
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Re: Last year if 97 percent of the revenues of a company came from [#permalink]
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