Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Dec 1310:00 AM EST
-12:00 PM EST
Have you ever wondered how to score a PERFECT 805 on the GMAT? Meet Julia, a banking professional who used the Target Test Prep course to achieve this incredible feat. Julia's story is nothing short of an inspiration.
Dec 1410:00 AM EST
-12:00 PM EST
Think a 100% GMAT Verbal score is out of your reach? Target Test Prep will make you think again! Our course uses techniques such as topical study and spaced repetition to maximize knowledge retention and make studying simple and fun.
Dec 1411:00 AM IST
-01:00 PM IST
Attend this session to learn how to Deconstruct arguments, Pre-Think Author’s Assumptions, and apply Negation Test.- Dec 15
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Dec 1608:00 AM PST
-11:59 PM PST
GMAT Club 12 Days of Christmas is a 4th Annual GMAT Club Winter Competition based on solving questions. This is the Winter GMAT competition on GMAT Club with an amazing opportunity to win over $40,000 worth of prizes!
08 Feb 2020, 02:23
Kudos
Bookmarks
The furniture type with the highest rank based on total inventory is the same as the type with the highest rank based on total items sold.: False
The total inventory of Cherry Red mahogany Tables in 2009 was approximately 206,400.: True
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
40% (03:16) correct
60%
(03:19)
wrong
based on 100
sessions
History
Date
Time
Result
Not Attempted Yet
Project IR Butler 2019-20 - Get one IR Question Everyday
Question # 130, Date : 07-Feb-2020
This post is a part of Project IR Butler 2019-20. Click here for Details
Question # 130, Date : 07-Feb-2020
This post is a part of Project IR Butler 2019-20. Click here for Details
The table below gives information on the total inventory in 2010 and the total items sold by an international furniture manufacturer over a three-year period, from 2008 to 2010. The 19 furniture items were included in the table because they fall among the top 25 items produced by the company in terms of both total inventory and total items sold. In addition to listing the total inventory and total number sold for each furniture type, the table also gives the percent increase or decrease over the 2009 inventory and 2005–2007 sales numbers and the rank of each furniture type for total inventory and total items sold.
Furniture Type | Inventory | Number Sold | ||||||
| Item | Wood | Color | Number | % Change | Rank | Number | % Change | Rank |
|---|---|---|---|---|---|---|---|---|
| Desk | Pine | Natural | 263094 | -8 | 9 | 1295076 | -0.8 | 13 |
| Nightstand | Cherry | Red mahogany | 287610 | -6.2 | 7 | 1327299 | -0.1 | 9 |
| Armoire | Cherry | Red mahogany | 300515 | -4.7 | 4 | 1200033 | -6.1 | 18 |
| Table | Cherry | Red mahogany | 200407 | -3.1 | 19 | 1346204 | -2.3 | 5 |
| Cabinet | Maple | Ebony | 207663 | -2.9 | 17 | 1252046 | -3.2 | 15 |
| Chest | Oak | Natural | 240755 | -0.3 | 13 | 1332100 | -0.4 | 7 |
| Chair | Cherry | Red mahogany | 199328 | 0.4 | 20 | 1201189 | -4 | 17 |
| Chest | Cherry | Red mahogany | 187612 | 0.7 | 21 | 1357999 | -0.9 | 4 |
| Chest | Pine | Natural | 219247 | 1.2 | 16 | 1240397 | -2 | 16 |
| Chair | Oak | Natural | 327145 | 1.2 | 1 | 1192847 | -0.3 | 19 |
| Table | Oak | White | 299628 | 1.3 | 5 | 1296821 | -0.7 | 12 |
| Bench | Oak | Natural | 236087 | 1.7 | 14 | 1254131 | -8.1 | 14 |
| Bookshelf | Pine | Natural | 306243 | 2 | 3 | 1301414 | -6 | 11 |
| Table | Oak | Natural | 319887 | 3.4 | 2 | 1306507 | -2.5 | 10 |
| Nightstand | Maple | Ebony | 287509 | 6 | 8 | 1190786 | -2 | 20 |
| Cabinet | Oak | Natural | 258713 | 7.8 | 11 | 1189031 | -1.9 | 21 |
| Chair | Maple | Natural | 298403 | 9.2 | 6 | 1395240 | -2 | 1 |
| Bench | Cherry | Red mahogany | 249321 | 9.6 | 12 | 1367118 | -3.5 | 2 |
| Desk | Oak | Natural | 201325 | 9.7 | 18 | 1360203 | -7 | 3 |
Review each of the statements below. Based on information provided in the table, indicate whether the statement is true or false.
Question #1 based on the same table is available here
| True | False | |
| The furniture type with the highest rank based on total inventory is the same as the type with the highest rank based on total items sold. | ||
| The total inventory of Cherry Red mahogany Tables in 2009 was approximately 206,400. |
ShowHide Answer
Official Answer
The furniture type with the highest rank based on total inventory is the same as the type with the highest rank based on total items sold.: False
The total inventory of Cherry Red mahogany Tables in 2009 was approximately 206,400.: True
08 Feb 2020, 03:36
Kudos
Bookmarks
1)Yes,since total 6 items have decrement in both total items sold and total inventory and only 3 of them are Red mahogany
2)No, since Desk oak has Greatest percentage increase in total inventory but it doesn't have the greatest % decrement in total number of items sold
3)No,since the item having highest rank on total inventory is chair oak but it doesn't have highest rank on total items sold.
4)Yes,since cherry red mahogany tables have inventory in 2010 = 200407 and there is decrement of -3.1% from 2009 to 2010 so in 2009 the value is ~ 206400
Posted from my mobile device
2)No, since Desk oak has Greatest percentage increase in total inventory but it doesn't have the greatest % decrement in total number of items sold
3)No,since the item having highest rank on total inventory is chair oak but it doesn't have highest rank on total items sold.
4)Yes,since cherry red mahogany tables have inventory in 2010 = 200407 and there is decrement of -3.1% from 2009 to 2010 so in 2009 the value is ~ 206400
Posted from my mobile device
08 Feb 2020, 22:34
Kudos
Bookmarks
Apt0810
1)Yes,since total 6 items have decrement in both total items sold and total inventory and only 3 of them are Red mahogany
2)No, since Desk oak has Greatest percentage increase in total inventory but it doesn't have the greatest % decrement in total number of items sold
3)No,since the item having highest rank on total inventory is chair oak but it doesn't have highest rank on total items sold.
4)Yes,since cherry red mahogany tables have inventory in 2010 = 200407 and there is decrement of -3.1% from 2009 to 2010 so in 2009 the value is ~ 206400
Posted from my mobile device
2)No, since Desk oak has Greatest percentage increase in total inventory but it doesn't have the greatest % decrement in total number of items sold
3)No,since the item having highest rank on total inventory is chair oak but it doesn't have highest rank on total items sold.
4)Yes,since cherry red mahogany tables have inventory in 2010 = 200407 and there is decrement of -3.1% from 2009 to 2010 so in 2009 the value is ~ 206400
Posted from my mobile device
All the above are correct except the first one.
All the items experienced a decrease in total items sold so there can't be a 50% percent decrease. The first part of the question is yes for total inventory but no for total items sold so the overall answer is no.
