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Marketing executives for a certain chewing gum company

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

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19 Mar 2013, 14:02
1
1
00:00

Difficulty:

25% (medium)

Question Stats:

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

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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 !
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Joined: 02 Sep 2009
Posts: 60647
Re: Marketing executives for a certain chewing gum company  [#permalink]

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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%.

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

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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%.

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
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Re: Marketing executives for a certain chewing gum company  [#permalink]

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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
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Re: Marketing executives for a certain chewing gum company  [#permalink]

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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%

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Re: Marketing executives for a certain chewing gum company  [#permalink]

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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%.

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Re: Marketing executives for a certain chewing gum company   [#permalink] 12 Jan 2020, 07:11
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