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Kaushik786
Joined: 20 May 2018
Last visit: 13 Dec 2023
Posts: 71
Given Kudos: 71
Location: India
Schools: Booth '22 Anderson '22 CBS '22 Johnson '22
GMAT 1: 740 Q50 V41
05 Apr 2020, 01:55
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A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
85% (01:53) correct
15%
(02:17)
wrong
based on 164
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40% of a club’s revenue comes from people of 25 years of age while 60% of its revenue comes from people of 35 years of age. If the club raises its fee by 20% for its 25 years old members and 30% for 35 years old members, what is the percentage increase in overall revenue of the club?
a. 26%
b. 25%
c. 24%
d. 23%
e. 20%
a. 26%
b. 25%
c. 24%
d. 23%
e. 20%
05 Apr 2020, 10:28
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let, total revenue = 100
40% of a club’s revenue comes from people of 25 years of age = 40
60% of its revenue comes from people of 35 years of age. = 60
the club raises its fee by 20% for its 25 years old members, so current revenue = 40*0.2 = 8
the club raises its fee by 30% for its 35 years old members, so current revenue = 60*0.3 = 18
therefore, total increase = 8+18 = 26
so, percentage increase = 26 %
correct answer is A
40% of a club’s revenue comes from people of 25 years of age = 40
60% of its revenue comes from people of 35 years of age. = 60
the club raises its fee by 20% for its 25 years old members, so current revenue = 40*0.2 = 8
the club raises its fee by 30% for its 35 years old members, so current revenue = 60*0.3 = 18
therefore, total increase = 8+18 = 26
so, percentage increase = 26 %
correct answer is A
20 Nov 2021, 03:00
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Let the club revenue be $100
$40 comes from people of 25 years of age
$60 comes from people of 35 years of age
The rise in fee is 20% for its 25 years old members = $8
The rise in fee is 30% for 35 years old members = $18
New increase in revenue = 8 + 18 = $26
Percentage increase in revenue = increase / Original * 100
=26/100 * 100
=26%
(option a)
D.S
GMAT SME
$40 comes from people of 25 years of age
$60 comes from people of 35 years of age
The rise in fee is 20% for its 25 years old members = $8
The rise in fee is 30% for 35 years old members = $18
New increase in revenue = 8 + 18 = $26
Percentage increase in revenue = increase / Original * 100
=26/100 * 100
=26%
(option a)
D.S
GMAT SME
