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Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.
A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firm's percent increase in profits over this period, if profits are defined as revenues minus costs?
(1) The firm's initial profit is $200,000.
(2) The firm's initial revenues are 1.5 times its initial costs.
  • a)
    Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;
  • b)
    Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;
  • c)
    BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;
  • d)
    EACH statement ALONE is sufficient to answer the question asked;
  • e)
    Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed. 
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Directions: Each Data Sufficiency problem consists of a question and t...
The correct response is (B). Let’ start with our most basic Profit formula: Profit = Revenue – Cost.
Using Statement (1), we can say that 200,000 = R – C.
Profit in 2010 = R – C
Profit in 2011 = 1.1R – 1.08C
Without knowing R or C, we cannot determine the percentage change in this case. Notice that if we knew R or some other relationship between R and C, we could substitute into the equation R-C = 200,000 to solve for the missing piece.
Statement 1 is insufficient.
Using Statement (2), R = 1.5C
The last step was not necessary if you realized that substituting R=1.5C into the expression for calculating the percentage change will give you an expression in which the Cs cancel out, giving you an actual percentage.
Statement 2 is sufficient.
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Community Answer
Directions: Each Data Sufficiency problem consists of a question and t...
The correct response is (B). Let’ start with our most basic Profit formula: Profit = Revenue – Cost.
Using Statement (1), we can say that 200,000 = R – C.
Profit in 2010 = R – C
Profit in 2011 = 1.1R – 1.08C
Without knowing R or C, we cannot determine the percentage change in this case. Notice that if we knew R or some other relationship between R and C, we could substitute into the equation R-C = 200,000 to solve for the missing piece.
Statement 1 is insufficient.
Using Statement (2), R = 1.5C
The last step was not necessary if you realized that substituting R=1.5C into the expression for calculating the percentage change will give you an expression in which the Cs cancel out, giving you an actual percentage.
Statement 2 is sufficient.
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Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer?
Question Description
Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.
Here you can find the meaning of Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Each Data Sufficiency problem consists of a question and two statements labeled (1) and (2), that provide data. Based on the data given plus your knowledge of mathematics and everyday facts, you must decide whether the data are sufficient for answering the question. The five answer choices are the same for every data sufficiency question.A shopping center increased its revenues by 10% between 2010 and 2011. The shopping center’s costs increased by 8% during the same period. What is the firms percent increase in profits over this period, if profits are defined as revenues minus costs?(1) The firms initial profit is $200,000.(2) The firms initial revenues are 1.5 times its initial costs.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice GMAT tests.
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