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M07#21

Author Message
Current Student
Joined: 26 Jul 2010
Posts: 103
Location: India
Concentration: Operations, General Management
Schools: IIMA (M)
GMAT 1: 640 Q48 V29
GMAT 2: 670 Q49 V31
WE: Supply Chain Management (Military & Defense)
Followers: 5

Kudos [?]: 24 [0], given: 6

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09 May 2011, 21:15
If a 5-year construction project is structured to double the investment every succeeding year, what percentage of the total cost was invested in the first year?

1. 12.5%
2. 10%
3. 8.25%
4. 5%
5. 3%

what is question trying to ask????????
_________________

lets start again

Director
Status: Impossible is not a fact. It's an opinion. It's a dare. Impossible is nothing.
Affiliations: University of Chicago Booth School of Business
Joined: 03 Feb 2011
Posts: 920
Followers: 13

Kudos [?]: 315 [0], given: 123

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09 May 2011, 21:24
The investment is doubled very succeeding year for 5 yrs.

1st yr - 10
20
40
80
5th yr - 160

Total investment = 10 + 20 + 40 + 80 + 160 = 310

%age investment in first yr = 10/310 *100 = 100/31 = 3% approx
Current Student
Joined: 26 Jul 2010
Posts: 103
Location: India
Concentration: Operations, General Management
Schools: IIMA (M)
GMAT 1: 640 Q48 V29
GMAT 2: 670 Q49 V31
WE: Supply Chain Management (Military & Defense)
Followers: 5

Kudos [?]: 24 [0], given: 6

Show Tags

09 May 2011, 21:30
gmat1220 wrote:
The investment is doubled very succeeding year for 5 yrs.

1st yr - 10
20
40
80
5th yr - 160

Total investment = 10 + 20 + 40 + 80 + 160 = 310

%age investment in first yr = 10/310 *100 = 100/31 = 3% approx

i know the solution, but i am trying to ask is....

ok i got it , i had assumed investment as return.whereas question says investment into project
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Intern
Joined: 15 May 2011
Posts: 40
WE 1: IT Consulting - 5 Years
Followers: 0

Kudos [?]: 3 [0], given: 4

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28 Jun 2011, 23:07
I think you should post the source (GMAT Club Challenge) of this problem so it can be tagged to the master forum...
Manager
Joined: 11 Jul 2009
Posts: 175
WE: Design (Computer Software)
Followers: 1

Kudos [?]: 49 [0], given: 60

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03 Jul 2011, 08:10
the question is trying to ask you the %age ratio of investment in first year to total investment in five years....ANS is E..3%
_________________

Kaustubh

Re: M07#21   [#permalink] 03 Jul 2011, 08:10
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M07#21

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