It is currently 20 Feb 2018, 13:41

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

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Occupancy rate is defined as the number of units occupied,

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

Hide Tags

1 KUDOS received
Intern
Intern
User avatar
Joined: 30 Nov 2013
Posts: 19
Location: India
Concentration: Finance, General Management
GMAT 1: 640 Q50 V25
GPA: 3.5
WE: Information Technology (Computer Software)
GMAT ToolKit User Reviews Badge
Occupancy rate is defined as the number of units occupied, [#permalink]

Show Tags

New post 23 Dec 2013, 10:09
1
This post received
KUDOS
11
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  85% (hard)

Question Stats:

49% (00:42) correct 51% (00:35) wrong based on 313 sessions

HideShow timer Statistics

Occupancy rate is defined as the number of units occupied divided by the number of total units. Was the occupancy rate in a certain apartment complex greater than 45% on June 30?

(1) On January 1st, the occupancy rate was 75%.

(2) At the end of each month from February to June, the occupancy rate was 80% of the figure at the end of the preceding month.
[Reveal] Spoiler: OA

_________________

Kudos is the best way to say Thank you.
Believe in yourself! Practice more and good score in GMAT is for sure :)


Last edited by Bunuel on 24 Dec 2013, 01:22, edited 1 time in total.
Edited the question.
Expert Post
7 KUDOS received
Magoosh GMAT Instructor
User avatar
G
Joined: 28 Dec 2011
Posts: 4680
Re: Occupancy rate is defined as the number of units occupied, [#permalink]

Show Tags

New post 23 Dec 2013, 18:38
7
This post received
KUDOS
Expert's post
3
This post was
BOOKMARKED
madhavsrinivas wrote:
Occupancy rate is defined as the number of units occupied divided by the number of total units. Was the occupancy rate in a certain apartment complex greater than 45% on June 30?

On January 1st, the occupancy rate was 75%.

At the end of each month from February to June, the occupancy rate was 80% of the figure at the end of the preceding month.

Dear madhavsrinivas,
I'm happy to help. :-)

Statement #1: On January 1st, the occupancy rate was 75%
From this statement, we have no idea how things change from January to June. This statement, alone and by itself, is insufficient.

Statement #2: At the end of each month from February to June, the occupancy rate was 80% of the figure at the end of the preceding month.
Interesting. We don't know what January is. Suppose January is 100%, the highest possible percent. Then,
end of February = 80%
end of March = 80*0.8 = 64%
end of April = 64*0.8 = 51.2%
end of May = 51.2*0.8 = 40.96%
end of June = 40.96 *0.8 ---- something less than 40%, so definitely less than 45%.
If January is the max percent, with this rule June is below 40%. If January started even lower, then June would be even lower, much lower than 40%.
We can give a definitive answer to the prompt question. This statement, alone and by itself, is sufficient.

Answer = (B)

Does all this make sense?
Mike :-)
_________________

Mike McGarry
Magoosh Test Prep

Image

Image

Education is not the filling of a pail, but the lighting of a fire. — William Butler Yeats (1865 – 1939)

Intern
Intern
User avatar
Joined: 30 Nov 2013
Posts: 19
Location: India
Concentration: Finance, General Management
GMAT 1: 640 Q50 V25
GPA: 3.5
WE: Information Technology (Computer Software)
GMAT ToolKit User Reviews Badge
Re: Occupancy rate is defined as the number of units occupied, [#permalink]

Show Tags

New post 23 Dec 2013, 20:22
mikemcgarry wrote:
madhavsrinivas wrote:
Occupancy rate is defined as the number of units occupied divided by the number of total units. Was the occupancy rate in a certain apartment complex greater than 45% on June 30?

On January 1st, the occupancy rate was 75%.

At the end of each month from February to June, the occupancy rate was 80% of the figure at the end of the preceding month.

Dear madhavsrinivas,
I'm happy to help. :-)

Statement #1: On January 1st, the occupancy rate was 75%
From this statement, we have no idea how things change from January to June. This statement, alone and by itself, is insufficient.

Statement #2: At the end of each month from February to June, the occupancy rate was 80% of the figure at the end of the preceding month.
Interesting. We don't know what January is. Suppose January is 100%, the highest possible percent. Then,
end of February = 80%
end of March = 80*0.8 = 64%
end of April = 64*0.8 = 51.2%
end of May = 51.2*0.8 = 40.96%
end of June = 40.96 *0.8 ---- something less than 40%, so definitely less than 45%.
If January is the max percent, with this rule June is below 40%. If January started even lower, then June would be even lower, much lower than 40%.
We can give a definitive answer to the prompt question. This statement, alone and by itself, is sufficient.

Answer = (B)

Does all this make sense?
Mike :-)



Crystal clear! Thank you Mike :)
_________________

Kudos is the best way to say Thank you.
Believe in yourself! Practice more and good score in GMAT is for sure :)

1 KUDOS received
Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 13815
Premium Member
Re: Occupancy rate is defined as the number of units occupied, [#permalink]

Show Tags

New post 15 Jan 2015, 22:25
1
This post received
KUDOS
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

Manager
Manager
avatar
Joined: 22 Aug 2014
Posts: 189
Re: Occupancy rate is defined as the number of units occupied, [#permalink]

Show Tags

New post 19 Apr 2015, 01:06
mikemcgarry wrote:
madhavsrinivas wrote:
Occupancy rate is defined as the number of units occupied divided by the number of total units. Was the occupancy rate in a certain apartment complex greater than 45% on June 30?

On January 1st, the occupancy rate was 75%.

At the end of each month from February to June, the occupancy rate was 80% of the figure at the end of the preceding month.

Dear madhavsrinivas,
I'm happy to help. :-)

Statement #1: On January 1st, the occupancy rate was 75%
From this statement, we have no idea how things change from January to June. This statement, alone and by itself, is insufficient.

Statement #2: At the end of each month from February to June, the occupancy rate was 80% of the figure at the end of the preceding month.
Interesting. We don't know what January is. Suppose January is 100%, the highest possible percent. Then,
end of February = 80%
end of March = 80*0.8 = 64%
end of April = 64*0.8 = 51.2%
end of May = 51.2*0.8 = 40.96%
end of June = 40.96 *0.8 ---- something less than 40%, so definitely less than 45%.
If January is the max percent, with this rule June is below 40%. If January started even lower, then June would be even lower, much lower than 40%.
We can give a definitive answer to the prompt question. This statement, alone and by itself, is sufficient.

Answer = (B)

Does all this make sense?
Mike :-)


Thank you Mike.It was indeed an awesome explanation.
Thank you so mch!!!
Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 13815
Premium Member
Re: Occupancy rate is defined as the number of units occupied, [#permalink]

Show Tags

New post 08 Jul 2016, 12:05
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 13815
Premium Member
Re: Occupancy rate is defined as the number of units occupied, [#permalink]

Show Tags

New post 22 Aug 2017, 00:28
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

Re: Occupancy rate is defined as the number of units occupied,   [#permalink] 22 Aug 2017, 00:28
Display posts from previous: Sort by

Occupancy rate is defined as the number of units occupied,

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


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®.