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Intern  B
Joined: 30 Nov 2013
Posts: 18
Location: India
Concentration: Finance, General Management
GMAT 1: 640 Q50 V25 GPA: 3.5
WE: Information Technology (Computer Software)
Occupancy rate is defined as the number of units occupied,  [#permalink]

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Difficulty:   75% (hard)

Question Stats: 47% (01:43) correct 53% (01:19) wrong based on 378 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.

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Believe in yourself! Practice more and good score in GMAT is for sure Originally posted by madhavsrinivas on 23 Dec 2013, 11:09.
Last edited by Bunuel on 24 Dec 2013, 02:22, edited 1 time in total.
Edited the question.
Magoosh GMAT Instructor G
Joined: 28 Dec 2011
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Re: Occupancy rate is defined as the number of units occupied,  [#permalink]

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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.

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.

Does all this make sense?
Mike _________________
Mike McGarry
Magoosh Test Prep

Education is not the filling of a pail, but the lighting of a fire. — William Butler Yeats (1865 – 1939)
##### General Discussion
Intern  B
Joined: 30 Nov 2013
Posts: 18
Location: India
Concentration: Finance, General Management
GMAT 1: 640 Q50 V25 GPA: 3.5
WE: Information Technology (Computer Software)
Re: Occupancy rate is defined as the number of units occupied,  [#permalink]

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mikemcgarry 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.

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.

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 Manager  Joined: 22 Aug 2014
Posts: 144
Re: Occupancy rate is defined as the number of units occupied,  [#permalink]

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mikemcgarry 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.

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.

Does all this make sense?
Mike Thank you Mike.It was indeed an awesome explanation.
Thank you so mch!!!
Non-Human User Joined: 09 Sep 2013
Posts: 11749
Re: Occupancy rate is defined as the number of units occupied,  [#permalink]

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_________________ Re: Occupancy rate is defined as the number of units occupied,   [#permalink] 26 Aug 2018, 04:16
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