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How many of the six corporate sectors listed each contribute

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How many of the six corporate sectors listed each contribute [#permalink] New post 17 Feb 2017, 03:16
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Question Stats:

86% (01:37) correct 13% (01:30) wrong based on 22 sessions


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How many of the six corporate sectors listed each contributed more than $60 million to the arts in both 1988 and 1991 ?

A) One

B) Two

C) Three

D) Four

E) Five
[Reveal] Spoiler: OA

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Re: How many of the six corporate sectors listed each contribute [#permalink] New post 26 Feb 2017, 00:55
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Explanation

Total support for arts in 1988 = $630 million

Total Support for arts in 1991 = $ 520 million

We find out how much is $60 million as a percentage for both the years:

% Support (for $ 60 million) in 1988 = \(\frac{60}{630} \times 100 \approx 9.5%\)

% Support (for $ 60 million) in 1991 = \(\frac{60}{520} \times 100 \approx 11.5%\)

So all companies that have more than 9.5% in 1988 and 11.5% in 1991 satisfy the condition.

Only 3 categories satisfy this condition, service, manufacturing and other. Hence C is correct.
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Re: How many of the six corporate sectors listed each contribute   [#permalink] 26 Feb 2017, 00:55
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