Hi All,
The 'key' to these types of questions is to look for the variables that 'overlap' and deal with them first. In this question, 'men' appear in both ratios. In the first ratio, M:W = 7:5 means that the number of men MUST be a multiple of 7 and the number of women MUST be an equivalent multiple of 5. In the second ratio, M:C = 3:4 means that the number of men MUST be a multiple of 3 and the number of children MUST be an equivalent multiple of 4.
Since the number of men MUST be a multiple of 7 AND MUST be a multiple of 3, the smallest number of men in the room will be 21. From there, you can multiply the two ratios out (the first ratio gets multiplied by 3 and the second ratio gets multiplied by 7) to get the smallest number of women and the smallest number of children.
GMAT assassins aren't born, they're made,
Rich