Forum Home > GMAT > Quantitative > Problem Solving (PS)
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.
GRE Forum Moderator
Joined: 02 Nov 2016
Posts: 14003
Given Kudos: 5849
GPA: 3.62
This table displays data on band merchandise sold by a major record la
[#permalink]
Updated on: 07 May 2024, 09:53
Updated on: 07 May 2024, 09:53
1
Bookmarks
Expert Reply
Show timer
00:00
Difficulty:
95%
(hard)
Question Stats:
20% (02:04) correct
80%
(02:43)
wrong
based on 61
sessions
This table displays data on band merchandise sold by a major record label in 2014.
(Sort ↕ the table by clicking on the headers)
For each of the following statements, select Yes if the statement can be shown to be true based on information in the table. Otherwise select No.
1.jpg [ 94.19 KiB | Viewed 2330 times ]
| Item | SALES REVENUE (NATIONAL SHARE %) | SALES REVENUE (NATIONAL RANK) | SALES VOLUME (NATIONAL SHARE %) | SALES VOLUME (NATIONAL RANK) |
|---|---|---|---|---|
| Hats | 26 | 3 | 24 | 2 |
| Decals | 61 | 2 | 43 | 1 |
| Buttons | 74 | 1 | 35 | 1 |
| Posters | 50 | 2 | 62 | 3 |
| Programs | 7 | 5 | 12 | 5 |
| T-shirts | 36 | 3 | 16 | 4 |
| Hoodies | 59 | 2 | 35 | 2 |
| Key rings | 94 | 1 | 78 | 1 |
| Bumper stickers | 82 | 1 | 71 | 1 |
For each of the following statements, select Yes if the statement can be shown to be true based on information in the table. Otherwise select No.
Attachment:
1.jpg [ 94.19 KiB | Viewed 2330 times ]
| Yes | No | |
| This record label’s average revenue per button sold was higher than the average for other labels. | ||
| This label sold more posters than T-shirts in 2014. | ||
| In 2014, decals were more popular than hats among those who purchased this label’s merchandise nationwide. |
ShowHide Answer
Official Answer
This record label’s average revenue per button sold was higher than the average for other labels.: Yes
This label sold more posters than T-shirts in 2014.: No
In 2014, decals were more popular than hats among those who purchased this label’s merchandise nationwide.: No
Originally posted by Sajjad1994 on 11 Mar 2022, 08:00.
Last edited by Bunuel on 07 May 2024, 09:53, edited 4 times in total.
Last edited by Bunuel on 07 May 2024, 09:53, edited 4 times in total.
Formatted
Re: This table displays data on band merchandise sold by a major record la
[#permalink]
01 Jan 2023, 13:25
01 Jan 2023, 13:25
GRE Forum Moderator
Joined: 02 Nov 2016
Posts: 14003
Given Kudos: 5849
GPA: 3.62
Re: This table displays data on band merchandise sold by a major record la
[#permalink]
02 Jan 2023, 11:16
02 Jan 2023, 11:16
1
Kudos
Expert Reply
Official Explanation
For this label to have made three-quarters of the nation’s revenue from button sales while making only one-third of the total volume of sales, the label must have earned more money per button than did its competitors.
The label sold more posters compared to other labels than it did T-shirts compared to other labels, but we can’t know if it sold more posters than it did T-shirts without more information, such as how many total posters and T-shirts were sold by all the labels.
No information is available about the actual number of decals or hats sold by the label nationwide, so it is impossible to tell which was more popular.
For this label to have made three-quarters of the nation’s revenue from button sales while making only one-third of the total volume of sales, the label must have earned more money per button than did its competitors.
The label sold more posters compared to other labels than it did T-shirts compared to other labels, but we can’t know if it sold more posters than it did T-shirts without more information, such as how many total posters and T-shirts were sold by all the labels.
No information is available about the actual number of decals or hats sold by the label nationwide, so it is impossible to tell which was more popular.
