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Two hundred corporations with net incomes of more than $122

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Two hundred corporations with net incomes of more than $122 [#permalink] New post 07 Jul 2019, 11:24
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Question Stats:

52% (01:09) correct 47% (02:03) wrong based on 23 sessions
Two hundred corporations with net incomes of more than $122 million each accounted for 77 percent of total corporate gifts to the United States higher education in 1985. That year, 26 percent of total corporate gifts to the United States higher education came from 14 Japanese corporations, each of which received income from 27 or more countries.

If the statements above are true, which of the following must also be true?

(A) Most of the net income earned by the 14 Japanese corporations was earned outside of Japan.
(B) Individuals contributed 23 percent of total gifts to the United States higher education in 1985.
(C) Gifts from corporations accounted for more than half of the total contributions to the United States higher education in 1985.
(D) One or more of the 200 corporations with more than $122 million in net income received income from 27 or more countries.
(E) Most of the 14 Japanese corporations earned more than $122 million in net income in 1985
[Reveal] Spoiler: OA

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Re: Two hundred corporations with net incomes of more than $122 [#permalink] New post 31 Jul 2019, 05:25
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200 contributed 77 percent of total gifts
Japanese contributed 26 percent of the total gifts

Overlap of 3% is included in 77% hence some of the Japanese companies are included in the 200 companies. Since each japanese co got income from 27 or more countries , some of the companies in 200 must have got income from 27 countries. D is the correct option.
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Re: Two hundred corporations with net incomes of more than $122 [#permalink] New post 31 Jul 2019, 15:16
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Sometimes the GRE does math-ish critical reasoning questions. It's always a good time when they do.

Let's trace this one through, as there's a lot of terms thrown about:
There are 200 corporations that each accounted for 77% of total gifts. Meanwhile, 26% of total corporate gifts came from 14 Japanese corporations, which have income from 27 countries.

Ok, so, when we look at it that way, you're going to have at least 1 of the 200 being a Japanese corporation (if you doubt it, try to make it not true, and the Japanese don't belong to the 200. Then they must belong to the 23% that aren't the 200, but there's not enough room). Japanese corporations receive income from 27 or more countries. So D.
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Re: Two hundred corporations with net incomes of more than $122   [#permalink] 31 Jul 2019, 15:16
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