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23 Apr 2018, 21:50
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E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
69% (00:43) correct
31%
(01:01)
wrong
based on 111
sessions
History
Date
Time
Result
Not Attempted Yet
From 2015 to 2017, the value of products labeled gluten-free sold by a certain grocery store increased by what percent?
(1) In 2015, products labeled gluten-free accounted for 2.4 percent of the value of all products sold in the grocery store.
(2) In 2017, products labeled gluten-free accounted for 7.2 percent of the value of all products sold in the grocery store.
(1) In 2015, products labeled gluten-free accounted for 2.4 percent of the value of all products sold in the grocery store.
(2) In 2017, products labeled gluten-free accounted for 7.2 percent of the value of all products sold in the grocery store.
23 Apr 2018, 23:13
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Solution
Given:
• Two reference points, 2015 and 2017, to compare the values of sales of gluten-free labelled products
To find:
• The percentage increase of the sales values of gluten-free labelled products, from 2015 to 2017
Approach and Working:
Analysing Statement 1
• As per the information given in Statement 1, products labelled gluten-free accounted for 2.4% of the value of all the product sold in 2015. This does not provide any information about:
- o The total sales value of all the products in 2015 and,
- o The sales value of gluten-free products in 2017
Analysing Statement 2
• As per the information given in Statement 2, products labelled gluten-free accounted for 7.2% of the value of all the product sold in 2017. This does not provide any information about:
- o The total sales value of all the products in 2017 and,
- o The sales value of gluten-free products in 2015
Combine both statements
Combining the information given in the statements, we can say that:
• Gluten-free products accounts for 2.4% and 7.2% of the total sales value in 2015 and 2017 respectively
- o But this information does not provide any additional data regarding their specific sales value in those 2 years mentioned
- o Also, this information does not provide any additional data regarding the values and change of the total sales in those 2 years
Hence the correct answer is Option E
Answer: E
24 Apr 2018, 15:36
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To calculate the percent change, we need the 2015 gluten free value and the 2017 gluten free value. Statements dont give us this info, so Answer E.
Also, when combining both statements, it's possible that the value of the gluten free products stayed the same and that sales of other products declined. Or, it's possible that value of gluten free products increased.
Answer: E
Also, when combining both statements, it's possible that the value of the gluten free products stayed the same and that sales of other products declined. Or, it's possible that value of gluten free products increased.
Answer: E
