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Fifty percent of the subscribers to newspaper X are corporat

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Fifty percent of the subscribers to newspaper X are corporat [#permalink]

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New post 08 Sep 2013, 02:00
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Question Stats:

81% (02:38) correct 19% (02:20) wrong based on 42 sessions

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Fifty percent of the subscribers to newspaper X are corporate managers and, of these, 30 percent are in the financial field. If 40 percent of the subscribers who are corporate managers in the financial field are money managers, how many of the newpaper's 25000 subscribers are corporate money managers in the financial field?

a) 1,500
b) 3,000
c) 3,750
d) 7,500
e) 8,750

Please provide detailed explanations!
[Reveal] Spoiler: OA

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Re: Fifty percent of the subscribers to newspaper X are corporat [#permalink]

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New post 08 Sep 2013, 02:05
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fozzzy wrote:
Fifty percent of the subscribers to newspaper X are corporate managers and, of these, 30 percent are in the financial field. If 40 percent of the subscribers who are corporate managers in the financial field are money managers, how many of the newpaper's 25000 subscribers are corporate money managers in the financial field?

a) 1,500
b) 3,000
c) 3,750
d) 7,500
e) 8,750

Please provide detailed explanations!


Total Subscribers : 25k. Out of these, # of Corporate Managers = 12.5k. Out of these , 30 % are in financial field = 3.75k.
Thus, we have 3.75k Corporate managers, who are in financial field, and 40% of these are money managers = 1.5k
A.
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Location: United States
Concentration: Finance, Strategy
GMAT Date: 10-31-2013
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Re: Fifty percent of the subscribers to newspaper X are corporat [#permalink]

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New post 08 Sep 2013, 02:22
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fozzzy wrote:
Fifty percent of the subscribers to newspaper X are corporate managers and, of these, 30 percent are in the financial field. If 40 percent of the subscribers who are corporate managers in the financial field are money managers, how many of the newpaper's 25000 subscribers are corporate money managers in the financial field?

a) 1,500
b) 3,000
c) 3,750
d) 7,500
e) 8,750

Please provide detailed explanations!


CM=50%(Total Subscribers)
CM in FF=30%(50%(Total))
MM=40%(CM in FF)
MM=40%(30%(50%(Total)))
=0.4*0.3*0.5*Total
=0.06*25000
=1500
Re: Fifty percent of the subscribers to newspaper X are corporat   [#permalink] 08 Sep 2013, 02:22
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