Rent Collected

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Rent Collected

by nervesofsteel » Wed Apr 08, 2009 5:50 pm
Please help with the question.. Please explain the answer...

The annual rent collected by a corporation from a certain building was x percent more in 1998 than in 1997 and y percent less in 1999 than in 1998. Was the annual rent collected by the corporation from the building more in 1999 than in 1997?
(1) x > y
(2) xy/100 < x – y

A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
D. EACH statement ALONE is sufficient.
E. Statements (1) and (2) TOGETHER are NOT sufficient.

OA after some discussion...

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by cubicle_bound_misfit » Wed Apr 08, 2009 8:56 pm
This is how I tried,
Let's say
1997 -----> rent collected 100 $

1998 ----------> rent collected ( 100 +x )$

1999 ---------> (100+x) - (100+x)*y/100
==> 100 + (x-y) - xy/100

so if we can prove (x-y) - xy/100 > 0 we are done.
only thing we know is that x, y >0 hence xy/100 but x-y can be <0 and - xy/100 is definitely < 0
stmt 1. x>y hence x-y >0 but if xy/100 >x-y then expression is negative if xy/100 < x-y then expression is +ve. insufficient

stmt 2: xy/100 < (x-y) hence (x-y) - xy/100 >0 SUFFICIENT IMO it is B.
What is OA??

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by gmat740 » Wed Apr 08, 2009 9:13 pm
IMO D

Both are correct
1999 ---------> (100+x) - (100+x)*y/100
==> 100 + (x-y) - xy/100
(x-y) - xy/100

this value can be greater than 0 only when x>y

You can plug in any positive value of x and y and check,if this relation holds true,
then (x-y) - xy/100> 0

And why I say positive value of x and y because we cannot have percent values in negative

Hope this Helps

Karan

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by cubicle_bound_misfit » Thu Apr 09, 2009 3:45 am
what about

x = 51

y = 50 ?

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by gmat740 » Thu Apr 09, 2009 4:18 am
Opps!!

I missed this out
x = 51

y = 50 ?

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Thanks CBM

it has to be B

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by nervesofsteel » Thu Apr 09, 2009 10:01 am
thanks OA is B