aks.anupam wrote:Condition (1): No information about per sofa cost. So revenue can not be calculated. Hence INSUFFICIENT.
Condition (2): No information about number of sofas sold. So Revenue can not be calculated. Hence INSUFFICIENT.
Combining (1) & (2):
Say x is the number of sofas sold last year.
Then this year, number of sofas sold = 1.1x
Selling price per sofa last year be $y
Total revenue for last year = xy
Selling price per sofa this year = $(30+y)
Total revenue for this year = 1.1x*(30+y)
Percentage increase in revenue
= [[1.1x*(30+y) - xy] / xy] * 100
= [[33x + 1.1xy - xy]/xy ]*100
= [[33 + 0.1y]/y]*100
Y is not known, Hence INSUFFICIENT.
Answer should be E
Pick a different set of numbers as well! You have to see if the answer will change if you change the numbers you pick! Because if the answer does change, the answer is E!heshamelaziry wrote:I picked numbers for 1 and found no prices ----> insuf
Did the same for 2, but no quantities ------> insuff
combo:
(10 * 10 - 11 * 40 / 100 ) * 100 Suffic
Always think about what kind of info you would need to answer the question before approaching the statements. The question is asking us for the percent increase in (sofa) sales. This is a value (not a yes/no) question, so we need a single value for sufficiency. Either we need a special equation that relates the sales between the years, or else we actually need to know the sale prices and numbers sold in each year.xcusemeplz2009 wrote:pls give your reasoning
Picking numbers does work. But you have to do it properly. In DS, you need to pick different kinds of numbers to see if the answer to the question will change.heshamelaziry wrote:WHY PICKING NUMBERS HERE DOESN'T WORK ? percentage change should be the same under the given conditions. I tried different values and got answer 340% each time
if the second statement had given a % increases or decrease is sales price rather than an absolute value increase then the ans would be C (providing statement 1 stayed the same)?Testluv wrote:Always think about what kind of info you would need to answer the question before approaching the statements. The question is asking us for the percent increase in (sofa) sales. This is a value (not a yes/no) question, so we need a single value for sufficiency. Either we need a special equation that relates the sales between the years, or else we actually need to know the sale prices and numbers sold in each year.xcusemeplz2009 wrote:pls give your reasoning
Statement One is immediately insufficient as it does not provide us with info about $.
Statement Two is insufficient because we don't know the selling price of last year.
There is no special equation relating sales, and we don't know the acutal sales for each year, or the number sold. Therefore, the answer is E.
But, if at that point, you're not quite convinced, then:
In combination: they sold 10% more sofas and at a rate that is $30 greater than last year. Don't resort to pure algebra here. Quickly pick two different numbers for last year's sale price (and for number sold), and you will see the answer changes. Because we can get multiple values, the statements, even after combination, are not sufficient to answer the question.
Choose E.
Yes, in that case C would be the correct answer, and good point.if the second statement had given a % increases or decrease is sales price rather than an absolute value increase then the ans would be C (providing statement 1 stayed the same)?
Thanks.
Testluv wrote:Yes, in that case C would be the correct answer, and good point.if the second statement had given a % increases or decrease is sales price rather than an absolute value increase then the ans would be C (providing statement 1 stayed the same)?
Thanks.
