GMAT Question of the Day: Daily via email | Daily via Instagram New to GMAT Club? Watch this Video

It is currently 23 Jan 2020, 14:17

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.

Close

Request Expert Reply

Confirm Cancel

Marketing executives for a certain chewing gum company

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Find Similar Topics 
Senior Manager
Senior Manager
avatar
Joined: 10 Apr 2012
Posts: 261
Location: United States
Concentration: Technology, Other
GPA: 2.44
WE: Project Management (Telecommunications)
GMAT ToolKit User
Marketing executives for a certain chewing gum company  [#permalink]

Show Tags

New post 19 Mar 2013, 14:02
1
1
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

78% (01:40) correct 23% (01:42) wrong based on 120 sessions

HideShow timer Statistics

Marketing executives for a certain chewing gum company projected a 20 percent increase in revenue this year over that of last year, but revenue this year actually decreased by 25%. What percent of the projected revenue was the actual revenue ?

A. 53%
B. 58%
C. 62.5%
D. 64%
E. 75%

Need some quick approach ..thanks !
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 60627
Re: Marketing executives for a certain chewing gum company  [#permalink]

Show Tags

New post 19 Mar 2013, 14:09
1
guerrero25 wrote:
Marketing executives for a certain chewing gum company projected a 20 percent increase in revenue this year over that of last year, but revenue this year actually decreased by 25%. What percent of the projected revenue was the actual revenue ?

A. 53%
B. 58%
C. 62.5%
D. 64%
E. 75%

Need some quick approach ..thanks !


Last year revenue = 100 (assume);
This year revenue = 75;
Projected revenue = 120.

Actual/Projected*100=75/120*100 = 62.5%.

Answer: C.

Hope it's clear.
_________________
Senior Manager
Senior Manager
avatar
Joined: 10 Apr 2012
Posts: 261
Location: United States
Concentration: Technology, Other
GPA: 2.44
WE: Project Management (Telecommunications)
GMAT ToolKit User
Re: Marketing executives for a certain chewing gum company  [#permalink]

Show Tags

New post 19 Mar 2013, 14:27
1
Bunuel wrote:
guerrero25 wrote:
Marketing executives for a certain chewing gum company projected a 20 percent increase in revenue this year over that of last year, but revenue this year actually decreased by 25%. What percent of the projected revenue was the actual revenue ?

A. 53%
B. 58%
C. 62.5%
D. 64%
E. 75%

Need some quick approach ..thanks !


Last year revenue = 100 (assume);
This year revenue = 75;
Projected revenue = 120.

Actual/Projected*100=75/120*100 = 62.5%.

Answer: C.

Hope it's clear.


Thanks Bunuel

Wow! this was so easy. I think its the fatigue that got into me. I Could not even recognize a simple problem . . . I am hitting the hey now :roll:
Director
Director
avatar
S
Joined: 12 Nov 2016
Posts: 691
Location: United States
Schools: Yale '18
GMAT 1: 650 Q43 V37
GRE 1: Q157 V158
GPA: 2.66
Re: Marketing executives for a certain chewing gum company  [#permalink]

Show Tags

New post 06 Jun 2017, 17:18
guerrero25 wrote:
Marketing executives for a certain chewing gum company projected a 20 percent increase in revenue this year over that of last year, but revenue this year actually decreased by 25%. What percent of the projected revenue was the actual revenue ?

A. 53%
B. 58%
C. 62.5%
D. 64%
E. 75%

Need some quick approach ..thanks !


We can solve this question using a concise algebraic approach

x(.75) = a 25% decrease of X
x(1.2) = a 20% increase of X

Using algebra we don't even need to plug in numbers

".75 is what percent of 1.2" is essentially the question

75 * 100 = 120x
7500=120x
7500/120=x
62.5 = x
EMPOWERgmat Instructor
User avatar
V
Status: GMAT Assassin/Co-Founder
Affiliations: EMPOWERgmat
Joined: 19 Dec 2014
Posts: 15965
Location: United States (CA)
GMAT 1: 800 Q51 V49
GRE 1: Q170 V170
Re: Marketing executives for a certain chewing gum company  [#permalink]

Show Tags

New post 02 Dec 2019, 11:52
Hi All,

We're told that marketing executives for a certain chewing gum company projected a 20 percent INCREASE in revenue this year over that of last year, but revenue this year actually DECREASED by 25%. We're asked what percent of the projected revenue was the actual revenue. This question can be solved in a couple of different ways, including by TESTing VALUES.

IF... last year's revenues were $100
then the PROJECTED revenues this year were $100 + (.2)($100) = $120
and the ACTUAL revenues this year were $100 - (.25)($100) = $75

The actual revenue, relative to the projected revenue, was $75/$120 = 15/24 = 5/8 = 62.5%

Final Answer:

GMAT assassins aren't born, they're made,
Rich
_________________
Contact Rich at: Rich.C@empowergmat.com
Image


The Course Used By GMAT Club Moderators To Earn 750+

souvik101990 Score: 760 Q50 V42 ★★★★★
ENGRTOMBA2018 Score: 750 Q49 V44 ★★★★★
Target Test Prep Representative
User avatar
V
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 9117
Location: United States (CA)
Re: Marketing executives for a certain chewing gum company  [#permalink]

Show Tags

New post 12 Jan 2020, 07:11
guerrero25 wrote:
Marketing executives for a certain chewing gum company projected a 20 percent increase in revenue this year over that of last year, but revenue this year actually decreased by 25%. What percent of the projected revenue was the actual revenue ?

A. 53%
B. 58%
C. 62.5%
D. 64%
E. 75%

Need some quick approach ..thanks !


We can let revenue last year = 100.

Projected revenue was 1.2 x 100 = 120, and actual revenue was 100 x 0.75 = 75.

Thus, actual/projected = 75/120 = 25/40 = ⅝ = 62.5%.

Answer: C
_________________

Scott Woodbury-Stewart

Founder and CEO

Scott@TargetTestPrep.com
TTP - Target Test Prep Logo
181 Reviews

5-star rated online GMAT quant
self study course

See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews

If you find one of my posts helpful, please take a moment to click on the "Kudos" button.

GMAT Club Bot
Re: Marketing executives for a certain chewing gum company   [#permalink] 12 Jan 2020, 07:11
Display posts from previous: Sort by

Marketing executives for a certain chewing gum company

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





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