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niketdoshi123: Master | Next Rank: 500 Posts; Posts: 210; Joined: Thu Mar 08, 2012 11:24 pmFollowed by: 3 members; Thanked: 62 times

by niketdoshi123 » Thu Apr 26, 2012 11:29 pm

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

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Source: Beat The GMAT — Data Sufficiency | Thu Apr 26, 2012 11:29 pm

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Anurag@Gurome: GMAT Instructor; Posts: 3835; Joined: Fri Apr 02, 2010 10:00 pmFollowed by: 523 members; Location: Milpitas, CA; Thanked: 1854 times; GMAT Score:770

by Anurag@Gurome » Thu Apr 26, 2012 11:31 pm

niketdoshi123 wrote: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

Let the rent collected in 1997 = R
Then rent collected in 1998 = R + Rx/100 = R(1 + x/100)
Rent collected in 1999 = R(1 + x/100) - y% of R(1 + x/100) = R(1 + x/100)(1 - y/100)

Question is: Is R(1 + x/100)(1 - y/100) > R? OR Is 1 + x/100 - y/100 - xy/10000 > 1? OR Is x - y > xy/100?

(1) x > y, which does not imply whether x - y > xy/100 or not; NOT sufficient.

(2) xy/100 < x - y is exactly what the question is asking for; SUFFICIENT.

The correct answer is B.

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ronnie1985: Legendary Member; Posts: 626; Joined: Fri Dec 23, 2011 2:50 amFollowed by: 10 members; Location: Ahmedabad; Thanked: 31 times

by ronnie1985 » Fri Apr 27, 2012 9:45 am

If 100 is the rent collected in 1997.
1998: 100+x
1999: (100+x)*(1-y/100) = 100-y+x-xy/100
Q. x-y-xy/100>0?

S1. x>y.
Cant ascertain the sign of x-y-xy/100

S2. xy/100 < x-y
Sufficient

(B) is answer

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