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Source: Official Guide for GMAT Review 2016 Problem Solving; #138

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1

A pharmaceutical company received $3 million in

A pharmaceutical company received $3 million in royalties on the first $20 million in sales of the generic equivalent of one of its products and then $9 million in royalties on the next $108 million in sales. By approximately what percent did the ratio of royalties to sales decrease from the first $20 million in sales to the next $108 million in sales?

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Catherine Guivencan, Magoosh Tutor

Aug 17, 2015 • Comment

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