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Approximately what percent of the total average

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Approximately what percent of the total average [#permalink] New post 29 Dec 2016, 02:41
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Approximately what percent of the total average annual income (before taxes) of retirees was spent on meats, poultry, and seafood (consumed at home)?

(A) 7%
(B) 10%
(C) 20%
(D) 23%
(E) 31%
[Reveal] Spoiler: OA

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Re: Approximately what percent of the total average [#permalink] New post 22 Jan 2017, 23:54
Please explain the solution to this question.
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Re: Approximately what percent of the total average [#permalink] New post 24 Apr 2017, 11:48
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If you see the above graph,the percent of annual income for food away from home is 3% and the total percent of annual income for retirees is 40% .

Therefore, to calculate percent of the average annual income (before taxes) of retirees was spent on meats, poultry, and seafood (away from home) only
=3/40
Multiply both numerator and denominator with 2.5, we get 7.5 percent out of 100 percent.Approx answer is 7%.
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Re: Approximately what percent of the total average [#permalink] New post 22 Sep 2017, 07:18
Carcass wrote:

Approximately what percent of the total average annual income (before taxes) of retirees was spent on meats, poultry, and seafood (consumed at home)?

(A) 7%
(B) 10%
(C) 20%
(D) 23%
(E) 31%


If what we are looking for is the percentage of meats, poultry and seafood consumed AT home, how can it be answer A?

PankajPatel wrote:
If you see the above graph,the percent of annual income for food away from home is 3% and the total percent of annual income for retirees is 40% .

Therefore, to calculate percent of the average annual income (before taxes) of retirees was spent on meats, poultry, and seafood (away from home) only =3/40
Multiply both numerator and denominator with 2.5, we get 7.5 percent out of 100 percent.Approx answer is 7%.


This explanation too is wrong since it is focused on food AWAY from home.

Is there an error in the question or in the OA?
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Re: Approximately what percent of the total average [#permalink] New post 10 Sep 2018, 04:31
is the answer supposed to be B? since 23% of $19.83 is $4.5609, the total income is $49.575 (if $19.83 is total expenditure which is about 40% of the total income). then $4.5609 is about 9.1% of $49.575.

i'm probably wrong though. cause the answer that is given is A.
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Re: Approximately what percent of the total average [#permalink] New post 10 Sep 2018, 09:08
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This is a tough question and the explanation above is correc t but badly formulated.

We have to use the chart and the graph, both.

1) Starting from the chart we do have that retirees spend 23% of meats, poultry, and seafood (consumed at home) but this 3 categories are included in a vast category of household expenditures which, as it turns out, comprises of: food at home. food away from home, personal cares items and housekeeping.

2) Now look at the chart: the bar at the outermost right have the categories above plus gasoline and other fuels which must NOT be counted in the ballpark. The total sum is about 41% minus these two categories we do have about 29 %.

3) finally, 23% of the chart over 29 % of the graph we do have: 0.23*0.29=0.667 which is about 7%

The answer must be A

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Re: Approximately what percent of the total average [#permalink] New post 03 Nov 2018, 08:31
Do we not need to change weekly expenditure to yearly/annual anywhere in the procedure?
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Re: Approximately what percent of the total average [#permalink] New post 16 Nov 2018, 19:02
Any one please make it clear?
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Re: Approximately what percent of the total average [#permalink] New post 18 Nov 2018, 12:19
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Attachment:
shot9.jpg
shot9.jpg [ 126.08 KiB | Viewed 190 times ]


I do think the caption at the top the chart "average weekly" is deceptive.

There is any clue in the question that leads us to a possible conversion.

I do think, looking closer to the chart, the relationship is the percent of food and household expenditures. This category comprises also food at home which is for retirees 23%. (black arrow)

This 23% could be expressed as $19.83 spent on average weekly.

However, there is not a clear relationship that they spent $19.83 and this is equal to 23% on food weekly. The chart just says that the have food at home which is 23% of the overall food. They spent a certain amount weekly.

Hope now is more clear.
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Re: Approximately what percent of the total average   [#permalink] 18 Nov 2018, 12:19
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