It is currently 09 Dec 2018, 22:21
My Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

QOTD#15 Income expenditure at university in 2004

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jun 2014
Posts: 4749
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 93

Kudos [?]: 1650 [0], given: 396

CAT Tests
QOTD#15 Income expenditure at university in 2004 [#permalink] New post 30 Nov 2016, 15:44
Expert's post
00:00

Question Stats:

100% (04:13) correct 0% (00:00) wrong based on 1 sessions
Image


Question 4 University F’s expenditures in which of the following categories were most nearly equal to $5.4 million in 2004?

A. Fine Arts
B. Facility Maintenance
C. Humanities
D. Athletics
E. Business

[Reveal] Spoiler: OA
A


Question 5 In 2004, \(\frac{1}{2}\) of University F’s new construction expenditures, \(\frac{1}{4}\) of its facility maintenance expenditures, \(\frac{3}{5}\) and of both the athletics and admissions/scholarships expenditures went towards the construction of a new gymnasium. Approximately how many millions of dollars did University F spend on the new gymnasium in 2004?

A. $13 million
B. $18 million
C. $20 million
D. $24 million
E. $30 million

[Reveal] Spoiler: OA
D


Question 6 At University F in 2004, what was the closest approximation to the percentage of athletics expenditures NOT covered by athletics income?

A. 32%
B. 36%
C. 42%
D. 56%
E. 64%

[Reveal] Spoiler: OA
B



Drill 2
Question: 4, 5, 6
Page: 462


[Reveal] Spoiler: Img
Attachment:
di new.jpg
di new.jpg [ 31.56 KiB | Viewed 1786 times ]

_________________

Sandy
If you found this post useful, please let me know by pressing the Kudos Button

Try our free Online GRE Test

1 KUDOS received
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jun 2014
Posts: 4749
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 93

Kudos [?]: 1650 [1] , given: 396

CAT Tests
Re: QOTD#15 Income expenditure at university in 2004 [#permalink] New post 30 Nov 2016, 15:56
1
This post received
KUDOS
Expert's post
Explanation

Question 4. Be sure to Ballpark this one: 10% of $120 million is $12 million, so 5% would be $6 million. Hence, we’re looking for something just less than 5%. Of the options given, Fine Arts comes closest.

Hence option A is correct.

Question 5. Ballpark this one: \(\frac{1}{2}\) of the university’s New Construction expenditures is about 3%, \(\frac{1}{4}\)of the Facility Maintenance expenditures is about 5%, and \(\frac{3}{5}\) of the Athletics and Admissions/Scholarships expenditures is about 12%. That’s a total of 3% + 5% + 12% = 20%, and 20% of $120 million is $24 million, so the answer is choice (D).

Question 6. Athletic expenditures were 9.5%, while income was 6.1%; the difference is 3.4%, and \(\frac{3.4}{9.5}\) can be ballparked to about \(\frac{3.5}{10}\), or about 35%.

Hence option B is correct.
_________________

Sandy
If you found this post useful, please let me know by pressing the Kudos Button

Try our free Online GRE Test

Display posts from previous: Sort by

QOTD#15 Income expenditure at university in 2004

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GRE Prep Club Forum Home| About| Terms and Conditions and Privacy Policy| GRE Prep Club Rules| Contact

Powered by phpBB © phpBB Group

Kindly note that the GRE® test is a registered trademark of the Educational Testing Service®, and this site has neither been reviewed nor endorsed by ETS®.