GMAT Exam  >  GMAT Questions  >  Over the past decade, the total market value ... Start Learning for Free
Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the city's entertainment tax is based, the assessed value of the city's entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.
The information above most strongly supports which of the following?
  • a)
    The percentage of Romanshorn's yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.
  • b)
    The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.
  • c)
    Money collected from entertainment taxes provided most of Romanshorn's revenue during the past decade
  • d)
    The percentage of Romanshorn's yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.
  • e)
    During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Over the past decade, the total market value of entertainment properti...
The given information states that over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined, leading to a decrease in the assessed value of the city's entertainment properties. However, the percentage of assessed value paid as entertainment taxes to the city remained unchanged during this period. Now, Romanshorn plans to require entertainment property owners to pay a higher percentage of the assessed value as entertainment tax.
To determine the answer choice that is most strongly supported by this information, let's analyze each option:
(A) The percentage of Romanshorn's yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade. This option is not supported by the information provided. The decline in the market value of entertainment properties and the assessed value does not necessarily imply a decline in the percentage of yearly revenue from entertainment taxes.
(B) The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was a decade ago. This option is supported by the information given. The decline in the market value of entertainment properties and the assessed value suggests that the revenue collected from entertainment taxes may have decreased over the past decade.
(C) Money collected from entertainment taxes provided most of Romanshorn's revenue during the past decade. This option is not supported by the information provided. The information only mentions the decline in the assessed value of entertainment properties and does not provide information about the proportion of revenue from entertainment taxes compared to other sources.
(D) The percentage of Romanshorn's yearly revenue that comes from money collected in entertainment taxes did not change over the past decade. This option is contradicted by the information given. The information states that Romanshorn plans to require entertainment property owners to pay a higher percentage of the assessed value as entertainment tax, indicating a change in the percentage of revenue from entertainment taxes.
(E) During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits. This option is not supported by the information provided. The information only focuses on the decline in the market value of entertainment properties and does not provide any details about tax rates on other sources of revenue.
Therefore, the answer that is most strongly supported by the information is (B) The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was a decade ago.
Attention GMAT Students!
To make sure you are not studying endlessly, EduRev has designed GMAT study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in GMAT.
Explore Courses for GMAT exam

Similar GMAT Doubts

Top Courses for GMAT

Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.Correct answer is option 'B'. Can you explain this answer?
Question Description
Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.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 Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.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 Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.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 Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Over the past decade, the total market value of entertainment properties in Romanshorn has steadily declined. This slump led to a cascading effect in that the overall figure on which the citys entertainment tax is based, the assessed value of the citys entertainment properties, has also declined. Nevertheless, the percentage of assessed value that was paid as entertainment taxes to the city did not change from year to year during this period. Romanshorn will soon require entertainment property owners to pay a higher percentage of the assessed value of their earnings as entertainment tax.The information above most strongly supports which of the following?a)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes has steadily declined over the past decade.b)The amount of revenue that Romanshorn collected from entertainment taxes was lower last year than it was decade ago.c)Money collected from entertainment taxes provided most of Romanshorns revenue during the past decaded)The percentage of Romanshorns yearly revenue that comes from money collected in entertainment taxes did not change over the past decade.e)During the past decade, Romanshorn officials increased tax rates on other sources of revenue such as retail sales and business profits.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice GMAT tests.
Explore Courses for GMAT exam

Top Courses for GMAT

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev