Last visit was: 17 Jul 2025, 05:47 It is currently 17 Jul 2025, 05:47
Home
GMAT
Messages
Tests
Schools
Events
Rewards
Chat
My Profile
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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Back to Forum
Create Topic
705-805 Level|   Graphs|      
User avatar
Sajjad1994
User avatar
GRE Forum Moderator
Joined: 02 Nov 2016
Last visit: 17 Jul 2025
Posts: 15,854
Own Kudos:
46,483
 [15]
Given Kudos: 6,083
GPA: 3.62
Posts: 15,854
Kudos: 46,483
 [15]
The chart above shows the percentages of a fund invested in different Updated on: 10 Nov 2023, 08:47
Originally posted by Sajjad1994 on 12 Aug 2021, 21:15.
Last edited by BottomJee on 10 Nov 2023, 08:47, edited 2 times in total.
Moved to new forum
2
Kudos
Add Kudos
13
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide Answer
Hide
Show
History
Dropdown 1: 39.5 Dropdown 2: $16.54
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

75% (hard)

Question Stats:

62% (03:24) correct 38% (03:16) wrong based on 690 sessions

History

Date
Time
Result
Not Attempted Yet

The chart above shows the percentages of a fund invested in different commodities, split up into 3 agricultural products (corn, wheat and potatoes) and 3 energy sources (oil, gas and solar). The total value of the fund on December 31, 2010 was $12,090.00.

Use the drop-down menus to fill in the blanks in each of the following statements based on the information given by the graph.

1. The amount invested in solar energy is percent greater than the amount invested in corn.

2. The fund has 45.9 shares invested in oil and the same number invested in gas. The difference between the average cost-per-share for oil and gas shares is .




Show SpoilerOA
Attachment:
3.jpg
3.jpg [ 57.81 KiB | Viewed 9454 times ]
Submit Answer
Start the Timer above, select the dropdowns, and click "Submit" to add this question to your Error log.
ShowHide Answer
Official Answer
Dropdown 1: 39.5 Dropdown 2: $16.54
avatar
Amit0701
avatar
Joined: 20 Jun 2019
Last visit: 22 May 2024
Posts: 18
Own Kudos:
25
 [2]
Given Kudos: 81
Location: India
Schools: Cranfield (WL)
GMAT 1: 660 Q49 V31
GPA: 4
Schools: Cranfield (WL)
GMAT 1: 660 Q49 V31
Posts: 18
Kudos: 25
 [2]
The chart above shows the percentages of a fund invested in different 25 Dec 2021, 00:07
1
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
investment in solar energy= 28.62*12090/100 (percentage of total amount)
= 3460.16
investment in corn = 20.52*12090/100
= 2480.87
amount invested in solar energy greater than amount invested corn = (investment in solar energy-investment in corn)/investment in corn
= 3460.16-2480.87)/2480.87
=.3947
in % approx 39.5
Hence C is the answer for question 1
avatar
Amit0701
avatar
Joined: 20 Jun 2019
Last visit: 22 May 2024
Posts: 18
Own Kudos:
25
Given Kudos: 81
Location: India
Schools: Cranfield (WL)
GMAT 1: 660 Q49 V31
GPA: 4
Schools: Cranfield (WL)
GMAT 1: 660 Q49 V31
Posts: 18
Kudos: 25
The chart above shows the percentages of a fund invested in different 25 Dec 2021, 00:14
Kudos
Add Kudos
Bookmarks
Bookmark this Post
total investment in Oil= 12090*12.74/100
= 1540.3
total investment in gas = 12090*19.02/100
= 2299.5

Total share of each oil and gas = 45.9
Avg cost of oil share = 1540.3/45.9
= 33.5
Avg cost of gas share= 2299.5/45.9
= 50.1
Difference in avg cost price= 50.1-33.5
= 16.6
Hence B is the answer for question 2
User avatar
hr1212
User avatar
GMAT Forum Director
Joined: 18 Apr 2019
Last visit: 17 Jul 2025
Posts: 346
Own Kudos:
516
Given Kudos: 1,234
GMAT Focus 1: 775 Q90 V85 DI90
Products:
GMAT Club Tests Forum Quiz
GMAT Focus 1: 775 Q90 V85 DI90
Posts: 346
Kudos: 516
The chart above shows the percentages of a fund invested in different 03 Feb 2025, 03:43
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Quicker way to attempt first, is to assume total fund was 100 as we are asked to calculate percentage difference, so total amount becomes irrelevant. Then,

Amount invested in solar = ~28
Amount invested in corn = ~20

How much greater? (28-20)/20 = 8/20 = ~40

Only one option choice matches this approximation.

Faster way to attempt second is to pre-calculate,

No. of shares = ~46

Difference b/w cost-per-share = Total amount invested in gas shares/Total no. of gas shares - Total amount invested in oil shares/Total no. of oil share

(Total amount invested in gas shares - Total amount invested in oil shares)/46
(12000*19/100 - 12000*13/100)/46
(6*12000)/(46*100)
720/46
~15.6

Again only one choice is closest.
User avatar
Suyash1331
User avatar
Joined: 01 Jul 2023
Last visit: 16 Jul 2025
Posts: 109
Own Kudos:
59
Given Kudos: 17
Location: India
Schools: IIMA '26 IIM IIM Calcutta '26 Judge '26 ISB '27 Said '27
GMAT Focus 1: 575 Q65 V70 DI70
GMAT 1: 250 Q20 V34
GPA: 7
Products:
My Reviews
Schools: IIMA '26 IIM IIM Calcutta '26 Judge '26 ISB '27 Said '27
GMAT Focus 1: 575 Q65 V70 DI70
GMAT 1: 250 Q20 V34
Posts: 109
Kudos: 59
The chart above shows the percentages of a fund invested in different 05 Feb 2025, 01:55
Kudos
Add Kudos
Bookmarks
Bookmark this Post
let total be T,
for first drop down
28T-20T/20T x 100 = 40


second drop down,

(19.02-12.74)xT/45.9x100 = 16.5
Moderators:
Bunuel
Math Expert
102601 posts
kingbucky
453 posts