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.
Apr 2308:00 PM PDT
-09:00 PM PDT
Video explanations + diagnosis of 10 weakest areas + 150+ short videos + study plan!
Apr 2301:30 AM EDT
-02:30 AM EDT
Struggling with GMAT Verbal as a non-native speaker? Harsh improved his score from 595 to 695 in just 45 days—and scored a 99 %ile in Verbal (V88)! Learn how smart strategy, clarity, and guided prep helped him gain 100 points.
Apr 2512:30 AM EDT
-01:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
25 Mar 2021, 08:00
Kudos
Bookmarks
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
67% (02:00) correct
33%
(02:38)
wrong
based on 189
sessions
History
Date
Time
Result
Not Attempted Yet
If the total revenue in 2012 had been 50% greater, the average revenue from 2011-2016 would have been approximately how much greater?
A. $150,000
B. $200,000
C. $220,000
D. $240,000
E. $280,000
Attachment:
1.jpg [ 71.43 KiB | Viewed 3088 times ]
25 Mar 2021, 09:00
Kudos
Bookmarks
Bunuel
Explanation:
Increase in average revenue=(50% greater revenue in 2012)/total no. of years
=$(2.4*50/100)/6
=$1.2/6
=$0.2 million
=$0.2*1000000
=$200,000
Hence B is the correct answer.
25 Mar 2021, 16:57
Kudos
Bookmarks
Bunuel
I thanks a lot to VeritasKarishma for her blogs and the intuitive approach for solving these type of questions or rather for any type of question.
Links on the theory part of how to solve this questions:
https://www.gmatclub.com/forum/veritas-prep-resource-links-no-longer-available-399979.html#/2012/04 ... etic-mean/
https://www.gmatclub.com/forum/veritas-prep-resource-links-no-longer-available-399979.html#/2012/05 ... eviations/
My earlier approach would have been to first find the existing AM and then find the new AM and then subtract old AM from new AM to find the answer.
My new approach:
If the total revenue in 2012 had been 50% greater,
Total revenue in 2012 = $2.4 million.
50% greater of the total revenue in 2012 = 50% of $2.4 million = $1.2 million.
Now, this $1.2 million has to be distributed equally to 6 yearly values (2011-2016, 6 years).
So, the value distributed to each year (from 2011-2016) is $1.2 million / 6 = $200,000.
Hence, the average revenue from 2011-2016 would have been approximately greater by $200,000.
Option B. $200,000.
Regards,
Ravish.
P.S. - I'm extremely thankful to GMATClub for this awesome platform and to other experts, particularly VeritasKarishma (Karishma Ma'am) for expanding my horizon and thinking on how to approach the Quant problems alternatively, intuitively and solve within 2 minutes. Earlier, I thought about these as short-cuts/tricks and despised them by saying that these methods are not useful or apply only to certain specific scenarios/cases. Now, I love these alternate ways and look forward to intuitive approach to solve any question.
