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07 Feb 2016, 10:47
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B
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Difficulty:
45%
(medium)
Question Stats:
65% (01:40) correct
35%
(02:02)
wrong
based on 244
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Not Attempted Yet
Currently, 30% of The Flower Company’s total revenue comes from sales through the Internet. Internetbased sales are projected to increase by 150% in the next three years at The Flower Company. If the projected increase turns out to be accurate, what will be The Flower Company’s Internetbased revenue in three years?
(1) In three years, The Flower Company’s total revenue will be $10,000.
(2) Currently, The Flower Company’s total revenue is $6,000.
(1) In three years, The Flower Company’s total revenue will be $10,000.
(2) Currently, The Flower Company’s total revenue is $6,000.
07 Feb 2016, 20:38
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Let total current revenue = R
At present , revenue from internet sales = .3 R
In 3 years , revenue from internet sales = 1.5 * .3 R +.3 R
(1) In three years, The Flower Company’s total revenue will be $10,000.
We do not have any information about current revenue
Not sufficient
(2) Currently, The Flower Company’s total revenue is $6,000
Sufficient
Present revenue from internet based sales= .3* 6000 = 1800
We can calculate revenue from internet sales in 3 years
Answer B
At present , revenue from internet sales = .3 R
In 3 years , revenue from internet sales = 1.5 * .3 R +.3 R
(1) In three years, The Flower Company’s total revenue will be $10,000.
We do not have any information about current revenue
Not sufficient
(2) Currently, The Flower Company’s total revenue is $6,000
Sufficient
Present revenue from internet based sales= .3* 6000 = 1800
We can calculate revenue from internet sales in 3 years
Answer B
08 Feb 2016, 13:30
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To answer this question we need to know the current total revenue, or the future revenue AND the proportion of the future revenue that is from internet sales.
Statement 1 tells us only what the future revenue will be. Insufficient
Statement 2 tells us the current revenue. With that we can calculate the current internet sales and then the future internet sales. Sufficient.
Answer: B
The trick here is realizing that internet sales increasing by 150% doesn't mean that in three years internet sales will be 75% of total sales. In three years we do not know what proportion of total sales will come from internet sales. That is why statement 1 is not sufficient.
Statement 1 tells us only what the future revenue will be. Insufficient
Statement 2 tells us the current revenue. With that we can calculate the current internet sales and then the future internet sales. Sufficient.
Answer: B
The trick here is realizing that internet sales increasing by 150% doesn't mean that in three years internet sales will be 75% of total sales. In three years we do not know what proportion of total sales will come from internet sales. That is why statement 1 is not sufficient.
