BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Fraction

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
Newbie | Next Rank: 10 Posts
Posts: 3
Joined: Tue May 23, 2017 11:40 pm

Fraction

by thouhid » Sun Nov 04, 2018 10:23 pm

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

A company got 13 of its revenue last quarter from foreign clients. Of the remaining revenue, they received one-fourth of their revenue from out-of-state clients and the rest from in-state clients. What percent of revenue came from in-state clients?

a. 17
b. 25
c. 42
d. 50
e. 75
Top
Source: — Problem Solving |
Legendary Member
Posts: 2214
Joined: Fri Mar 02, 2018 2:22 pm
Followed by:5 members

by deloitte247 » Sun Nov 18, 2018 10:59 am
$$Let\ the\ total\ revenue\ =20\ $$
$$\frac{1}{3}of\ \ revenue\ from\ last\ quarter\ from\ foreign\ client$$
$$foreign\ client=\frac{1}{3}\cdot20=\frac{20}{3}=6.67$$
$$\frac{1}{4\ }of\ their\ revenue\ \ from\ out\ of\ the\ state\ clients\ $$
$$=\frac{1}{4}\cdot20=\frac{20}{4}=5$$
In State client revenue = Total revenue - [sum of revenue from foreign and out of state clients]
In State client revenue $$=20-\left[6.67+5\right]=11.67$$
In State client revenue $$\%=\frac{11.67}{20}\cdot100=58.35\%$$
Question says company get 13 of its revenue from last quarter from foreign clients not workable because the total of foreign clients was not obtained, A typographical error was observed on 1/3 as 13.
Top

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 » Sun Nov 18, 2018 11:54 pm
thouhid wrote:A company got one-third of its revenue last quarter from foreign clients. Of the remaining revenue, they received one-fourth of their revenue from out-of-state clients and the rest from in-state clients. What percent of revenue came from in-state clients?

a. 17
b. 25
c. 42
d. 50
e. 75
Since we have to deal with 1/3 and 1/4, let's consider that the revenue = 3*4 = $12

=> Revenue from foreign clients = 1/3 of 12 = 4
=> Remaining revenue = 12 - 4 = 8

=> Revenue from out-of-state clients = 1/4 of 8 = 2

=> Revenue from in-state clients = 8 - 2 = 6

Thus, percent of revenue came from in-state clients = (6/12) *100% = 50%

The correct answer: D

Hope this helps!

-Jay
_________________
Manhattan Review GMAT Prep

Locations: Manhattan Review Madhapur | Hyderabad GMAT Prep | Bangalore GMAT Courses | Himayatnagar GRE Prep | and many more...

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

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 8086
Joined: Sat Apr 25, 2015 10:56 am
Location: Los Angeles, CA
Thanked: 43 times
Followed by:29 members

by Scott@TargetTestPrep » Tue Apr 02, 2019 6:09 pm
thouhid wrote:A company got 13 of its revenue last quarter from foreign clients. Of the remaining revenue, they received one-fourth of their revenue from out-of-state clients and the rest from in-state clients. What percent of revenue came from in-state clients?

a. 17
b. 25
c. 42
d. 50
e. 75
Let $30 be the total revenue. We see that 1/3 x 30 = $10 were from foreign clients. Thus remaining $20 were from out-of-state clients and the rest from in-state clients. Since 1/4 x 20 = $5 were from out-of-state clients, therefore, 30 - 10 - 5 = $15 or 15/30 = 1/2 = 50% of the total revenue was from in-state clients.

Answer: D

Scott Woodbury-Stewart
Founder and CEO
[email protected]

Image

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews

ImageImage
Top
Post new topic Post Reply
• Page 1 of 1