GRE Data Interpretation Practice Set

GRE Data Interpretation Practice Set

The following pie chart shows the breakdown of revenues for a particular grocery store over the first quarter of this year. The bar chart shows the detail of breakdown for frozen foods.

1) What is the dollar amount of sales of canned goods in the first quarter of this year?

(A) $6,000

(B) $9,000

(C) $18,000

(D) $36,000

(E) $90,000

2) Frozen prepared meals constitute what percentage of the total sales for the first quarter this year?

(A) 2.4%

(B) 8.5%

(C) 20%

(D) 36%

(E) 54%

3) During the first quarter this year, this particular grocery store was finishing its construction of an expanded bakery facility, which, when opened at the beginning the second quarter, will offer dozens of new cakes and pies, a whole new line of pastries, and several flavors of gourmet coffee. Assume that in the second quarter, the bakery sales triple, and all other sale stay the same. Bakery would then account for what percentage of total sales in the second quarter?

(A) 8.7%

(B) 12%

(C) 16.1%

(D) 18%

(E) 25.3%

**Explanations**

1) This is a straightforward read-data-off-the-chart question. The pie chart tells us canned goods sales constitute 18% of $200,000. Don’t go to the calculator for such a straightforward percent question!

Answer = D

2) From the bar chart, prepared meals account for about $17,000 in sales. This $17,000 is what percent of $200,000? Again, please don’t jump to the calculator for this.

Answer = B

3) This is a tricky question, because there’s a tempting wrong answer. The bakery accounts for 6% of the total sales in first quarter, so if you triple that, it’s 18%, right? Wrong! The new amount would be 18% of the total sales in the first quarter, but we want to know what percent would it be of the total sales in the second quarter? That’s a new total because, even though everything else stayed the same, bakery sales increased.

We don’t need to consider the actual numbers: we can just work with the percents. Bakery sales triple from 6% to 18% — that’s the new “part.” Since the bakery goes up 12% from 6% to 18%, and all other sales stay the same, the new total is 112% — that’s the new “whole.”

You can use the calculator if you like, although you could also approximate that the answer will not be 18% but rather something a little below 18%, because the “whole” has increased a bit. Either way, the answer = C.

Hey,

I solved it like :

6% of 2,00,000 = 12000 = bakery sales

12000 * 3 = 36000 (it triples)

total revenue by second quarter = 200000 + 36000 = 236000

% = 36000/236000 * 100 = 15.25

Please correct me..

Happy to help!

You correctly calculated the revenue from bakery sales for both quarters. Nice work 😀

However, you have to be careful when calculating the total revenue for the 2nd quarter. The bakery revenue increased from $12,000 to $36,000. That means the increase in revenue is $36,000 – $12,000 = $24,000. So the total revenue for the second quarter is $200,000 + $24,000 = $224,000. Using this value for total revenue, we see that in the second quarter, bakery would account for

36,000 / 224,000 x 100% = 16.1%

And that’s the same answer we get as when we solve using the method provided 🙂

Hope this helps!

How is revenue the same as sales? Am i missing something? Does it mean the same in some sense i was under the impression it had some difference

Hi there 🙂

Good question! Revenue refers to the money earned by a business while sales refers specifically to the money earned selling products in services. In other words, sales is a source of revenue for companies. In the context of these problems, the only source of revenue mentioned is that earned via sales. So, we can say that in this case the revenue is equal to the sales.

I hope that helps 🙂

I cannot understand the second question answer clearly

Hi Al Mozahid,

We would be happy to offer some clarification, but first we need to know some more details about what is confusing for you. Can you elaborate on this question a little more?

We look forward to your reply! 🙂

First question speaks about sales, while the pie chart is in terms of revenue. Can you please explain how was the answer calculated??

The third question is cool. Looking forward to such questions Mike! Thank you

silly problem…….Q#2 during practicing bar graphs counted 17 (my eyes) but for ans options again counted 18 this time it matched…..why this so????missing any points????in my view the bar u drew slightly less than 18…..in this case what should be my first approach???double time calculation time consuming….

Dear Sanjoy,

Think about it: is the end of the bar closer to 15 or to 20? If the end of the bar is closer to 20, then the value has to be closer to 18 than to 17.

Does this make sense?

Mike 🙂

The end of the bar is closer to 15 buddy.

Hi Mike,

Please write a few more DI sets to practice in this blog.

Shubham: There are more practice questions in the product. If you find these helpful, sign up for Magoosh:http://gmat.magoosh.com/plans.

Mike 🙂

Hi Mike,

I am very fine with the first 2 questions. But coming to 3rd question….will ETS put this kind level of questions? …but i am sorry i couldnt understand the 3rd explanation. please elaborate it.?

Dear Nani: Yes, ETS certainly can ask questions like this. Let’s say, for simplicity, the store makes $100 in sales in the first quarter. Of that, 6%, $6, comes from the bakery. We are told that in the second quarter, the bakery amount triples — to $18 — and the rest, the other $94, stays the same. Now the new total is 18 + 94 = $112. We want to know what percent is the bakery ($18) of this new total ($112). That’s the calculation above. Does this make sense?

Mike 🙂

i want a simple graph data interpretation without question

Dear Shubham Sharma: I must say, I’m not exactly sure what you want. Please clarify: exactly what would you like? We are happy to accommodate your request, but we need to understand more clearly. Thank you.

Mike 🙂