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# The two corporate sectors that increased their support for t

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The two corporate sectors that increased their support for t [#permalink]  17 Feb 2017, 03:23
Expert's post
00:00

Question Stats:

86% (01:07) correct 13% (01:48) wrong based on 23 sessions

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#GREpracticequestion The two corporate sectors that increased their support.jpg [ 65.51 KiB | Viewed 1879 times ]

The two corporate sectors that increased their support for the arts from 1988 to 1991 made a total contribution in 1991 of approximately how many million dollars?

A) 112

B) 125

C) 200

D) 250

E) 315
[Reveal] Spoiler: OA

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Re: The two corporate sectors that increased their support for t [#permalink]  26 Feb 2017, 17:08
Expert's post
Explanation

The two corporate sectors that increased their support for the arts from 1988 to 1991 are financial insurance, real estate and services.

In 1991 they accounted for 26 and 22 percent of total spending respectively.

Total percentage spending by these two sectors = 22 + 26 = 48%

Total spending in 1991 = $520 Million. Total dollar spending by financial insurance, real estate and services = 48% of$ 520 Million = $$\frac{48}{100} \times 520$$ = \$249.6 Million.

Hence option D is correct.
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Re: The two corporate sectors that increased their support for t   [#permalink] 26 Feb 2017, 17:08
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