For which year between 1980 and 2008, inclusive, does the fee paid

Question

https://gmatclub.com/forum/download/file.php?id=72008 For which year between 1980 and 2008, inclusive, does the fee paid for television rights to that year's Olympic games represent the greatest percent increase over the fee paid for television rights to the Olympic games four years earlier? A. 1980 B. 1984 C. 1992 D. 2000 E. 2008 2023-07-27_15-01-05.png

gmatophobia · Accepted Answer

We can eliminate Option E and Option C right away by looking at the bar chart. In both years, the price increase is just over 100 points (million USD), while the denominator is a higher value.

A. 1980
B. 1984
 C. 1992 
D. 2000
 E. 2008

A. 1980  ⇒

1976 → 25 
 1980 → 87

Hence, the growth has been more than 3 times (25 * 3 = 75)

B. 1984  ⇒

1980 → 87 
 1984 → 225

Hence, the growth has been less than 3 times ((90-3) * 3 = 270 - 9 = 261 )

We can eliminate B.

D. 2000  ⇒

1996 → 456 
 2000 → 705

Hence, the growth has been less than 3 times (400 * 3 = 1200)

We can eliminate C.

Option A

JeffTargetTestPrep · Answer

Let’s check the answer choices.

The amount of fees paid is more than three times as great in 1980 as in 1976, representing a more than 200 percent increase.

For each of the other years in the answer choices, the amount of fees paid is less than three times as great in that year as it was four years earlier, representing a less than 200 percent increase.

Answer: A

KarishmaB · Answer

Look at the smallest values first. Similar amounts of increase will give maximum percentage increase when the base is the smallest. 
Look at 1980:
87 is 62 greater than 25 so it represents about a 250% increase. That is an increase which is more than twice the original number. 
Or in other words, 87 is more than 3 times of 25.

Now look at 1984:
3 times of 87 is 240 something (no need to worry about exact calculation) but value of 1984 is less than that. Hence it will not reflect even a 200% increase. Eliminate.

All other values are not even double of the previous values. Ignore.

Answer (A)

Here is a discussion on Percentages: 
 https://youtu.be/HxnsYI1Rws8

DanTheGMATMan · Answer

Just look for the lowest baseline number to start with:

https://www.youtube.com/watch?v=8QChUyKFbpU

cfa93 · Answer

Quite easy question, was tricked by "between 1980 and 2008" thinking that data outside of this shouldn't be considered.

Aalto700 · Answer

Interesting! I made a silly mistake by misunderstanding "  four years  " as the sum of 4 previous columns.

yash11pipal · Answer

the Olympic games four years earlier?
what is meaning of the last sentence then? 4 years?

Bunuel · Answer

The last sentence just means:

When you look at, say, the  1992 Olympics , you don’t compare its fee to 1984 or any random year. You specifically compare it to the  Olympics that happened right before it, which is 1988, four years earlier.

So, “the Olympic Games four years earlier” = the  previous Olympics , since the Summer Olympics are held every 4 years.

That’s all it’s saying.

For which year between 1980 and 2008, inclusive, does the fee paid

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For which year between 1980 and 2008, inclusive, does the fee paid

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