GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 21 Feb 2019, 14:08

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 in February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
  • Online GMAT boot camp for FREE

     February 21, 2019

     February 21, 2019

     10:00 PM PST

     11:00 PM PST

    Kick off your 2019 GMAT prep with a free 7-day boot camp that includes free online lessons, webinars, and a full GMAT course access. Limited for the first 99 registrants! Feb. 21st until the 27th.
  • Free GMAT RC Webinar

     February 23, 2019

     February 23, 2019

     07:00 AM PST

     09:00 AM PST

    Learn reading strategies that can help even non-voracious reader to master GMAT RC. Saturday, February 23rd at 7 AM PT

The graph on the left shows the annual revenue growth of Company X ove

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

Hide Tags

 
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 53063
The graph on the left shows the annual revenue growth of Company X ove  [#permalink]

Show Tags

New post 30 Dec 2014, 06:41
00:00
A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

63% (01:29) correct 38% (01:35) wrong based on 309 sessions

HideShow timer Statistics

[header3]Tough and Tricky questions: Percents.[\header3]

Image
The graph on the left shows the annual revenue growth of Company X over the prior year’s revenue. The graph on the right shows the tax rate as a percent of revenue. In which year did Company X pay the greatest amount in taxes?

A. 2000
B. 2001
C. 2002
D. 2003
E. 2004

Kudos for a correct solution.

Attachment:
2014-12-30_1903.png
2014-12-30_1903.png [ 7.25 KiB | Viewed 3769 times ]

_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Manager
Manager
User avatar
Joined: 22 Oct 2014
Posts: 88
Concentration: General Management, Sustainability
GMAT 1: 770 Q50 V45
GPA: 3.8
WE: General Management (Consulting)
Re: The graph on the left shows the annual revenue growth of Company X ove  [#permalink]

Show Tags

New post 30 Dec 2014, 06:58
1
It seems there is an attachment missing.
_________________

\(\sqrt{-1}\) \(2^3\) \(\Sigma\) \(\pi\) ... and it was delicious!


Please consider giving +1 Kudos if deserved!

Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 53063
Re: The graph on the left shows the annual revenue growth of Company X ove  [#permalink]

Show Tags

New post 30 Dec 2014, 07:05
Manager
Manager
User avatar
Joined: 22 Oct 2014
Posts: 88
Concentration: General Management, Sustainability
GMAT 1: 770 Q50 V45
GPA: 3.8
WE: General Management (Consulting)
Re: The graph on the left shows the annual revenue growth of Company X ove  [#permalink]

Show Tags

New post 30 Dec 2014, 07:26
From the left chart, we can see that the revenue has been growing from year to year. Since the growth is always positive, the revenue of any given year was higher than the revenue of the previous year.

From the right chart, we can see that the tax rate was 25% in the years 2001 and 2003. Since the revenue in 2003 was higher than in 2001, this must be the year with the most tax paid.

The answer choices try to trick us into choosing Answer E. However, since the charts end with the year 2003, we do not have any information on the tax burden in year 2004. Therefore, Answer D is correct.
_________________

\(\sqrt{-1}\) \(2^3\) \(\Sigma\) \(\pi\) ... and it was delicious!


Please consider giving +1 Kudos if deserved!

SVP
SVP
User avatar
Status: The Best Or Nothing
Joined: 27 Dec 2012
Posts: 1820
Location: India
Concentration: General Management, Technology
WE: Information Technology (Computer Software)
Re: The graph on the left shows the annual revenue growth of Company X ove  [#permalink]

Show Tags

New post 30 Dec 2014, 19:51
2
Answer = D. 2003

LHS Graph

It shows "Revenue growth" which is always up compared to previous year. So, highest revenue would be in the last year shown = 2003

RHS Graph

Highest tax % is in 2001 & 2003

With tax = 25%, more the revenue, more would be the tax.

So highest tax paid would be in 2003
_________________

Kindly press "+1 Kudos" to appreciate :)

Manager
Manager
User avatar
B
Joined: 20 Feb 2013
Posts: 75
Location: India
GMAT 1: 690 Q49 V34
WE: Information Technology (Computer Software)
Reviews Badge
Re: The graph on the left shows the annual revenue growth of Company X ove  [#permalink]

Show Tags

New post 30 Dec 2014, 21:28
Revenue has increased all these years.
Tax % is highest for 2001 and 2003, but since revenue is higher in 2003 thus tax amount is highest for 2003
Answer D
_________________

If my post is helpful/correct, consider giving Kudos..

Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 53063
Re: The graph on the left shows the annual revenue growth of Company X ove  [#permalink]

Show Tags

New post 08 Jan 2015, 07:21
Bunuel wrote:
[header3]Tough and Tricky questions: Percents.[\header3]

Image
The graph on the left shows the annual revenue growth of Company X over the prior year’s revenue. The graph on the right shows the tax rate as a percent of revenue. In which year did Company X pay the greatest amount in taxes?

A. 2000
B. 2001
C. 2002
D. 2003
E. 2004

Kudos for a correct solution.

Attachment:
2014-12-30_1903.png


OFFICIAL SOLUTION:

(D) By looking at the charts, we can avoid performing calculations:

Since revenue growth is always positive, total revenue for Company X rose every year. Therefore, total revenue in 2003 was the highest (although the growth rate is lower than prior years). For example, if revenue in '99 was $100, by '00 it is $104.

Because the tax rate was also the highest in 2003, the taxes paid must have been the highest that year because that is also the year with the highest revenues.

The correct answer is choice (D).
_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Board of Directors
User avatar
P
Joined: 17 Jul 2014
Posts: 2587
Location: United States (IL)
Concentration: Finance, Economics
GMAT 1: 650 Q49 V30
GPA: 3.92
WE: General Management (Transportation)
GMAT ToolKit User Premium Member Reviews Badge
Re: The graph on the left shows the annual revenue growth of Company X ove  [#permalink]

Show Tags

New post 31 Jan 2016, 17:52
Bunuel wrote:
[header3]Tough and Tricky questions: Percents.[\header3]

Image
The graph on the left shows the annual revenue growth of Company X over the prior year’s revenue. The graph on the right shows the tax rate as a percent of revenue. In which year did Company X pay the greatest amount in taxes?

A. 2000
B. 2001
C. 2002
D. 2003
E. 2004

Kudos for a correct solution.

Attachment:
2014-12-30_1903.png



I say we can eliminate right away E, as there is no info on 2004.

1st year suppose we have 100$.
00 year = 104$ revenue, paid taxes: 20.8$
01 year = increase by 5% ok, so 10.4 is 10% and 5.2 is 5%. we thus have revenue 109.2$. paid taxes divide this number by 4: 27.3$ - A is out.
02 year = revenue up by 4%, last year revenue was 109.2$ or 1.09$ is 1%, 4%=4.36$. revenue in 02 = 113.56$. paid taxes: 10% or 11.35$ - C is out.

we are left with B and D only.

03 - revenue up by 2% from last year, and taxes paid 25%. don't actually need to calculate.

we have year 01 with 109.2$ revenue and 25% tax paid
and we have year 03, with much more revenue, and the same 25% tax paid. of course, when the revenue is greater, the 25% will be greater.
we can clearly eliminate B, and select with confidence D.
Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 9879
Premium Member
Re: The graph on the left shows the annual revenue growth of Company X ove  [#permalink]

Show Tags

New post 13 Oct 2018, 03:28
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

GMAT Club Bot
Re: The graph on the left shows the annual revenue growth of Company X ove   [#permalink] 13 Oct 2018, 03:28
Display posts from previous: Sort by

The graph on the left shows the annual revenue growth of Company X ove

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


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| 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®.