GRE Prep 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.
From 1988 to 1991, which corporate sector decreased its supp
[#permalink]
17 Feb 2017, 03:20
17 Feb 2017, 03:20
Expert Reply
1
Bookmarks
00:00
Question Stats:
77% (01:31) correct
22% (01:24) wrong based on 126 sessions
Hide Show timer Statistics
Attachment:
#GREpracticequestion From 1988 to 1991, which corporate sector decreased.jpg [ 65.51 KiB | Viewed 25954 times ]
From 1988 to 1991, which corporate sector decreased its support for the arts by the greatest dollar amount?
A) Services
B) Manufacturing
C) Retail
D) Wholesale
E) Other
Re: From 1988 to 1991, which corporate sector decreased its supp
[#permalink]
26 Feb 2017, 01:06
26 Feb 2017, 01:06
4
1
Expert Reply
Explanation
The best way is to go about eliminating options without doing any calculations.
Now we are looking for decrease so we can eliminate Financial insurance and services from the list as these sectors increased.
We can also eliminate wholesale and other sections as the drop is small compared to Manufacturing or retail.
Now calculating the drop in contributions for Manufacturing:
\(\frac{31}{100} \times 630 - \frac{20}{100} \times 520 = 91.3\) Million Dollars
And calculating the drop in contributions for Services:
\(\frac{19}{100} \times 630 - \frac{8}{100} \times 520 = 78.1\) Million Dollars
Hence B is the correct option
The best way is to go about eliminating options without doing any calculations.
Now we are looking for decrease so we can eliminate Financial insurance and services from the list as these sectors increased.
We can also eliminate wholesale and other sections as the drop is small compared to Manufacturing or retail.
Now calculating the drop in contributions for Manufacturing:
\(\frac{31}{100} \times 630 - \frac{20}{100} \times 520 = 91.3\) Million Dollars
And calculating the drop in contributions for Services:
\(\frac{19}{100} \times 630 - \frac{8}{100} \times 520 = 78.1\) Million Dollars
Hence B is the correct option
Target Test Prep Representative
Joined: 12 Sep 2018
Status:Founder & CEO, Target Test Prep
Affiliations: Target Test Prep
Posts: 1475
Given Kudos: 5
Re: From 1988 to 1991, which corporate sector decreased its supp
[#permalink]
03 Oct 2022, 08:59
03 Oct 2022, 08:59
Expert Reply
Carcass wrote:
Attachment:
#GREpracticequestion From 1988 to 1991, which corporate sector decreased.jpg
From 1988 to 1991, which corporate sector decreased its support for the arts by the greatest dollar amount?
A) Services
B) Manufacturing
C) Retail
D) Wholesale
E) Other
Solution:
Looking at the graph, we see that the 2 possible answer choices that could have had the largest percent decrease was Manufacturing or Retail. Let’s check each:
Manufacturing:
1988: 630 x 0.31 = 195.3
1991: 520 x 0.2 = 104
The decrease is 195.3 - 104 = $91.4 million.
Retail:
1988: 630 x 0.19 = 119.7
1991: 520 x 0.08 = 41.6
The decrease is 119.7 - 41.6 = $78.1 million.
So Manufacturing had the most significant drop from 1988 to 1991.
Answer: B
