This is a very dubious question, please specify the source.
fozzzy wrote:
When referring to the upcoming arts convention, artists complained that their commission rate is too low to generate any profit on sales.
The original reads "complained" and this is not an error. The "is" has no bearing on the "complained", nor has the "referring". Artists could have complained in a meeting before, and the rate can still be too low at present. "Referring" is a present participle and it can refer to any tense.
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A When referring to the upcoming arts convention, artists complained that
This is wrong because "when referring" is not idiomatic.
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B Referring to the upcoming arts convention, artists complain that
This changes the meaning: complained == complain. Change of meaning is fatal error on GMAT, cannot be true.
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C In reference to the upcoming arts convention, artists complained about
"In reference to" is not idiomatic.
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D When referring to the upcoming arts convention, artists complain about
"When referring to" is not idiomatic.
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E With reference to the upcoming arts convention, artists complained that
"With reference to" is idiomatic. "Changed" is as in the original. This is my choice.