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OG QR 2nd Ed. #154 & #155

Expert replies
by tofubeans » Sat Apr 21, 2012 2:05 pm
154) A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefit costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993?

a) 16.5%
b) 20%
c) 35%
d) 55%
e) 65%

155) A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down 11 percent from 1996 and revenues from truck sales in 1997 were up 7 percent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 percent from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996?

a) 1:2
b) 4:5
c) 1:1
d) 3:2
e) 5:3

ps. just stumbled on to this forum like yesterday and I really do appreciate the help I've been given. Thanks a bunch!
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Source: — Problem Solving |

by GMATGuruNY » Sat Apr 21, 2012 3:25 pm
tofubeans wrote: 155) A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down 11 percent from 1996 and revenues from truck sales in 1997 were up 7 percent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 percent from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996?

a) 1:2
b) 4:5
c) 1:1
d) 3:2
e) 5:3

ps. just stumbled on to this forum like yesterday and I really do appreciate the help I've been given. Thanks a bunch!
I posted a solution here:

https://www.beatthegmat.com/probability- ... tml#302837
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
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by GMATGuruNY » Sat Apr 21, 2012 3:27 pm
tofubeans wrote:154) A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefit costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993?

a) 16.5%
b) 20%
c) 35%
d) 55%
e) 65%

ps. just stumbled on to this forum like yesterday and I really do appreciate the help I've been given. Thanks a bunch!
I posted a solution here:

https://www.beatthegmat.com/non-algebric ... 89004.html
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Join the discussion