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QOTD#18 Production of golf equipment

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GMAT Club Legend
GMAT Club Legend
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Joined: 07 Jun 2014
Posts: 4750
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 93

Kudos [?]: 1664 [0], given: 396

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QOTD#18 Production of golf equipment [#permalink] New post 05 Dec 2016, 16:02
Expert's post
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
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Question 11 In 1994, the value of clubs produced in the United States was approximately what percent of the value of golf equipment and supplies produced in the world?

A. 33%
B. 25%
C. 16%
D. 13%
E. 9%

[Reveal] Spoiler: OA
A


Question 12 In 1994, the total production for golf equipment and supplies from which country was nearest in value to the combined production of balls, bags, and gift items in the United States in the same year?

A. Japan
B. North Korea
C. Germany
D. Great Britain
E. Canada

[Reveal] Spoiler: OA
A


Question 13 From 1996 to 1998, the value of golf equipment and supplies produced by South Korea increased by approximately what percent?

A. 1%
B. 7%
C. 16%
D. 19%
E. 27%

[Reveal] Spoiler: OA
D



Drill 2
Question: 11, 12, 13
Page: 465-466


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Sandy
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GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jun 2014
Posts: 4750
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 93

Kudos [?]: 1664 [0], given: 396

CAT Tests
Re: QOTD#18 Production of golf equipment [#permalink] New post 05 Dec 2016, 16:08
Expert's post
Explanation

11. Option C is correct. Avoid the temptation to work this problem in dollars—you can save considerable effort by dealing directly with the percentages. The pie chart for 1994 shows that clubs made up 25% of the total U.S. production, and the table shows that the United States accounted for 62.3% of the total world production; 25% (or \(\frac{1}{4}\)) of 62.3% is 15.575%, which is closest to choice (C), 16%.

12. Option A is correct. Start by adding the appropriate percentages from the pie chart for 1994: 16% (balls) + 7% (bags) + 3% (gift items) = 26%. Next, find the percentage for the United States total for that year: 26% of $2,691 million is $699.66 million. Finally, find the value in the chart that is nearest
$699.66 million—Japan, at $678 million, is the closest.

13. Option D is correct. For this problem, be sure to get the correct dollar values from the chart and to use the percent change formula: \(\frac{difference}{original}*100\). Because the increase was from $384 million in 1996 to $457 million in 1998, the difference is $73 million; \(\frac{73}{384}*100\) reduces to 19.01%. The answer is choice (D). If you got choice (C), you may have mistakenly used the ending value, $457 million, in place of the original value.
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