Box office receipts

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sameerballani: Legendary Member; Posts: 544; Joined: Mon Dec 27, 2010 8:10 amFollowed by: 2 members; Thanked: 45 times

by sameerballani » Mon Jun 06, 2011 7:46 am

Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

A)The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year.

B)The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.

C)The price of a movie ticket has not increased since last year.

D)The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.

E)The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.

OA:D

Box office receipts refer to revenue.
But my question is what will be the answer to this question in case
Box office receipts=number of movies released.

Thanks

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Source: Beat The GMAT — Critical Reasoning | Mon Jun 06, 2011 7:46 am

cans: Legendary Member; Posts: 1309; Joined: Mon Apr 04, 2011 5:34 amFollowed by: 123 members; Location: India; Thanked: 310 times; GMAT Score:750

by cans » Mon Jun 06, 2011 7:59 am

last yr 50 movies
This year 20 in first half and around 20 in other half
last year receipts = x
this half year = 1.2x (20% increase)
a)can't predict receipts for next half
b) roughly equal and not exactly
c) irrelevant
d) correct
IMO D

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Sanjay2706: Master | Next Rank: 500 Posts; Posts: 116; Joined: Tue May 31, 2011 7:52 pmFollowed by: 2 members; Location: Bangalore, India; Thanked: 2 times

by Sanjay2706 » Mon Jun 06, 2011 8:26 am

IMO D.

However, just want to confirm whether Box Office receipt means revenue.
Do let me know.
Cheers

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sameerballani: Legendary Member; Posts: 544; Joined: Mon Dec 27, 2010 8:10 amFollowed by: 2 members; Thanked: 45 times

by sameerballani » Mon Jun 06, 2011 10:18 am

yes, as per OE it means revenue. I thought it as the number of movies.
But still my answer was not D

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sameerballani: Legendary Member; Posts: 544; Joined: Mon Dec 27, 2010 8:10 amFollowed by: 2 members; Thanked: 45 times

by sameerballani » Mon Jun 06, 2011 10:22 am

cans wrote:last yr 50 movies
This year 20 in first half and around 20 in other half
last year receipts = x
this half year = 1.2x (20% increase)
a)can't predict receipts for next half
b) roughly equal and not exactly
c) irrelevant
d) correct
IMO D

Hey, first of all for talking about revenue we also need the cost of each ticket which is missing in this case. Also option D says The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.

But as per your calculations above independent films released during the first half of this year = 20
and all independent films released last year = 50. Then how D can be true??

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cans: Legendary Member; Posts: 1309; Joined: Mon Apr 04, 2011 5:34 amFollowed by: 123 members; Location: India; Thanked: 310 times; GMAT Score:750

by cans » Mon Jun 06, 2011 11:19 pm

sameerballani wrote:
cans wrote:last yr 50 movies
This year 20 in first half and around 20 in other half
last year receipts = x
this half year = 1.2x (20% increase)
a)can't predict receipts for next half
b) roughly equal and not exactly
c) irrelevant
d) correct
IMO D
Hey, first of all for talking about revenue we also need the cost of each ticket which is missing in this case. Also option D says The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.

But as per your calculations above independent films released during the first half of this year = 20
and all independent films released last year = 50. Then how D can be true??

D) says average revenues. (revenue per movie)
let total revenue last year=x
this half year=1.2x
avg revenue last yr = x/50 = 2x/100
avg revenue this half year=1.2x/20 =6x/100
clearly 6x/100 > 2x/100

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gauravgundal: Master | Next Rank: 500 Posts; Posts: 199; Joined: Mon Apr 06, 2009 4:15 am; Location: India; Thanked: 13 times

by gauravgundal » Tue Jun 07, 2011 4:52 am

I am stumbled with qualifier "all" used in answer choice D.
The argument doesn't contain any qualifier so is it ok if answer choice contains the qualifier too in the inference type question such as "all" used in answer choice D.

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GMATGuruNY: GMAT Instructor; Posts: 15539; Joined: Tue May 25, 2010 12:04 pmFollowed by: 1906 members; Location: New York, NY; Thanked: 13060 times; GMAT Score:790

by GMATGuruNY » Tue Jun 07, 2011 7:18 am

gauravgundal wrote:I am stumbled with qualifier "all" used in answer choice D.
The argument doesn't contain any qualifier so is it ok if answer choice contains the qualifier too in the inference type question such as "all" used in answer choice D.

The passage does in fact use the qualifier all:

Box office receipts for independent movies for the first half of this year [20 movies] have increased by 20 percent over the total receipts for independent movies for all of last year [50 movies].

As noted above, box office receipts means revenues.

We can plug in numbers to clarify the situation:
Let total revenues last year = 100.
Then revenues for the first half of this year = 120.
Average revenues for the 50 movies released last year = 100/50 = 2.
Average revenues for the 20 movies released during the first half of this year = 120/20 = 6.

The figures above support answer choice D:

The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.

The correct answer is D.

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sameerballani: Legendary Member; Posts: 544; Joined: Mon Dec 27, 2010 8:10 amFollowed by: 2 members; Thanked: 45 times

by sameerballani » Tue Jun 07, 2011 7:28 am

cans wrote:
sameerballani wrote:
cans wrote:last yr 50 movies
This year 20 in first half and around 20 in other half
last year receipts = x
this half year = 1.2x (20% increase)
a)can't predict receipts for next half
b) roughly equal and not exactly
c) irrelevant
d) correct
IMO D
Hey, first of all for talking about revenue we also need the cost of each ticket which is missing in this case. Also option D says The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.

But as per your calculations above independent films released during the first half of this year = 20
and all independent films released last year = 50. Then how D can be true??
D) says average revenues. (revenue per movie)
let total revenue last year=x
this half year=1.2x
avg revenue last yr = x/50 = 2x/100
avg revenue this half year=1.2x/20 =6x/100
clearly 6x/100 > 2x/100

You are treating box office receipts as the revenue or the number of movies released? I feel it can be treated as only 1 thing, not both.

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sameerballani: Legendary Member; Posts: 544; Joined: Mon Dec 27, 2010 8:10 amFollowed by: 2 members; Thanked: 45 times

by sameerballani » Tue Jun 07, 2011 7:29 am

Hi Mitch,
I know its absurd, but still can you tell what should be the best answer in case box office receipts is the number of movie released.
Thanks

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GMATGuruNY: GMAT Instructor; Posts: 15539; Joined: Tue May 25, 2010 12:04 pmFollowed by: 1906 members; Location: New York, NY; Thanked: 13060 times; GMAT Score:790

by GMATGuruNY » Tue Jun 07, 2011 7:43 am

sameerballani wrote:Hi Mitch,
I know its absurd, but still can you tell what should be the best answer in case box office receipts is the number of movie released.
Thanks

If receipts meant the number of movies, then the passage would be contradicting itself.
The number of movies released last year was 50.
The number of movies released during the first half of this year was 20.
Clearly, the 20 movies released so far this year is not 20% greater than the 50 movies released last year.

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sameerballani: Legendary Member; Posts: 544; Joined: Mon Dec 27, 2010 8:10 amFollowed by: 2 members; Thanked: 45 times

by sameerballani » Tue Jun 07, 2011 7:53 am

GMATGuruNY wrote:
sameerballani wrote:Hi Mitch,
I know its absurd, but still can you tell what should be the best answer in case box office receipts is the number of movie released.
Thanks
If receipts meant the number of movies, then the passage would be contradicting itself.
The number of movies released last year was 50.
The number of movies released during the first half of this year was 20.
Clearly, the 20 movies released so far this year is not 20% greater than the 50 movies released last year.

Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year.

Let total receipt last year = x = 50
Increased receipt in first half of this year = 1.2x =60

Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released.

till now 20 movies have been released in the first half of the year and 40 more are expected. considering calculation above.

The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

The number of movies to be release in second half this year = 20
total number of movies released last year = 50
this year= 20+40+20=80

Please tell me where i am going wrong.
Thanks

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mandeepak: Senior | Next Rank: 100 Posts; Posts: 84; Joined: Thu Jan 18, 2007 10:28 pm; Thanked: 2 times

by mandeepak » Tue Jun 07, 2011 6:05 pm

IMO - D

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vikram4689: Legendary Member; Posts: 1325; Joined: Sun Nov 01, 2009 6:24 amFollowed by: 14 members; Thanked: 105 times

by vikram4689 » Tue Jun 07, 2011 7:00 pm

+1 for D

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cans: Legendary Member; Posts: 1309; Joined: Mon Apr 04, 2011 5:34 amFollowed by: 123 members; Location: India; Thanked: 310 times; GMAT Score:750

by cans » Tue Jun 07, 2011 9:56 pm

sameerballani wrote:
GMATGuruNY wrote:
sameerballani wrote:Hi Mitch,
I know its absurd, but still can you tell what should be the best answer in case box office receipts is the number of movie released.
Thanks
If receipts meant the number of movies, then the passage would be contradicting itself.
The number of movies released last year was 50.
The number of movies released during the first half of this year was 20.
Clearly, the 20 movies released so far this year is not 20% greater than the 50 movies released last year.
Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year.

Let total receipt last year = x = 50
Increased receipt in first half of this year = 1.2x =60

Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released.

till now 20 movies have been released in the first half of the year and 40 more are expected. considering calculation above.

The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

The number of movies to be release in second half this year = 20
total number of movies released last year = 50
this year= 20+40+20=80

Please tell me where i am going wrong.
Thanks

in first half 20 movies are released. and 50 in last year. how did you get 40 more are expected this half year???????

If my post helped you- let me know by pushing the thanks button

Contact me about long distance tutoring!
[email protected]

Cans!!

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