Need help with this one please

This topic has expert replies
Junior | Next Rank: 30 Posts
Posts: 28
Joined: Mon Oct 10, 2016 5:38 pm

Need help with this one please

by fambrini » Tue Oct 18, 2016 5:28 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

OA: B
Source: — Data Sufficiency |

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 10392
Joined: Sun Jun 23, 2013 6:38 pm
Location: Palo Alto, CA
Thanked: 2867 times
Followed by:511 members
GMAT Score:800

by [email protected] » Tue Oct 18, 2016 10:06 pm
Hi fambrini,

This question was discussed here:

https://www.beatthegmat.com/og-13-127-t288372.html

GMAT assassins aren't born, they're made,
Rich
Contact Rich at [email protected]
Image

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 3008
Joined: Mon Aug 22, 2016 6:19 am
Location: Grand Central / New York
Thanked: 470 times
Followed by:34 members

by Jay@ManhattanReview » Wed Dec 28, 2016 4:56 am
fambrini 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

OA: B
Say the rent in 1997 = $100.

=> Rent in 1998 = $100 + x

=> Rent in 1999 = $(100+x)(1-y%)

We have to decide: 100 < = > (100+x)(1-y%)

=> 100 < = > 100 - xy% + x -100y%

=> 0 < = > x - y - xy/100

=> xy/100 < = > x - y.

From S2, we know that xy/100 > x - y. Sufficient.

Let us analyze S1.

xy/100 < = > x - y can be written as y > = < x( 1-y%).

We see that if we increase the value of y, thought the value of LHS increase, due to the presence of the factor (1-y%) in RHS, the value of RHS also increases. The opposite goes if we decrease the value of y. So we cannot bank on the information in S1: x > y. Insufficient!

Hope this helps!

-Jay
_________________
Manhattan Review GMAT Prep

Locations: New York | Singapore | London | Dubai | and many more...

Schedule your free consultation with an experienced GMAT Prep Advisor! Click here.