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 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 2308:00 PM PDT
-09:00 PM PDT
Video explanations + diagnosis of 10 weakest areas + 150+ short videos + study plan!
Apr 2212:30 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.
21 Jan 2026, 09:15
Kudos
Bookmarks
C
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:
71% (01:13) correct
29%
(01:39)
wrong
based on 35
sessions
History
Date
Time
Result
Not Attempted Yet
To increase revenue, a soft-drink company changed the price of and quantity of drink in a bottle. What is the percent change in revenue earned for every 100 ml of soft drink?
(1) The company reduced the price of a $5 bottle by giving a discount of 4 percent.
(2) The company reduced the quantity of drink in the bottle from 500 ml to 400 ml.
(1) The company reduced the price of a $5 bottle by giving a discount of 4 percent.
(2) The company reduced the quantity of drink in the bottle from 500 ml to 400 ml.
23 Jan 2026, 22:50
Kudos
Bookmarks
To increase revenue, a soft-drink company changed the price of and quantity of drink in a bottle. What is the percent change in revenue earned for every 100 ml of soft drink?
(1) The company reduced the price of a $5 bottle by giving a discount of 4 percent.
(2) The company reduced the quantity of drink in the bottle from 500 ml to 400 ml.
Now, let's look at each statement individually and then at both of them together (if required):
Statement 1: The company reduced the price of a $5 bottle by giving a discount of 4 percent.
Through this statement, we can infer that the new price of a single bottle = 5*0.96 = $4.8/bottle
However, this statement does not tell us anything about the quantity of drink in the bottle. Hence, Statement 1 is insufficient alone.
Now, let's take a look at Statement 2 closely:
Statement 2: The company reduced the quantity of drink in the bottle from 500 ml to 400 ml.
This statement only tells about the quantity change, but not about the price change. Hence, this, statement is also insufficient alone.
Now, let's look at the combination of both the statements:
Before change:
Price = $5/bottle
Quantity = 500 ml
Revenue earned for every 100 ml of soft drink = (5/500) * 100 = $1
After change:
Price = $4.8/bottle
Quantity = 400 ml
Revenue earned for every 100 ml of soft drink = (4.8/400) * 100 = $1.2
Thus, the percentage change in revenue earned for every 100 ml of soft drink = (1.2-1)/1 * 100 = 20%
Hence, using Statements 1 and 2 together, we can arrive at the required answer. Thus, the correct answer is Option C - Both statements together are sufficient, but neither alone is.
Hope this helps!
(1) The company reduced the price of a $5 bottle by giving a discount of 4 percent.
(2) The company reduced the quantity of drink in the bottle from 500 ml to 400 ml.
Now, let's look at each statement individually and then at both of them together (if required):
Statement 1: The company reduced the price of a $5 bottle by giving a discount of 4 percent.
Through this statement, we can infer that the new price of a single bottle = 5*0.96 = $4.8/bottle
However, this statement does not tell us anything about the quantity of drink in the bottle. Hence, Statement 1 is insufficient alone.
Now, let's take a look at Statement 2 closely:
Statement 2: The company reduced the quantity of drink in the bottle from 500 ml to 400 ml.
This statement only tells about the quantity change, but not about the price change. Hence, this, statement is also insufficient alone.
Now, let's look at the combination of both the statements:
Before change:
Price = $5/bottle
Quantity = 500 ml
Revenue earned for every 100 ml of soft drink = (5/500) * 100 = $1
After change:
Price = $4.8/bottle
Quantity = 400 ml
Revenue earned for every 100 ml of soft drink = (4.8/400) * 100 = $1.2
Thus, the percentage change in revenue earned for every 100 ml of soft drink = (1.2-1)/1 * 100 = 20%
Hence, using Statements 1 and 2 together, we can arrive at the required answer. Thus, the correct answer is Option C - Both statements together are sufficient, but neither alone is.
Hope this helps!
Moderators:
