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# the total number of company C's assets in 1994 was 300

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Intern
Joined: 30 Aug 2007
Posts: 19
Followers: 0

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

the total number of company C's assets in 1994 was 300 [#permalink]  02 Sep 2007, 16:10
the total number of company C's assets in 1994 was 300 percent greater that the total in 1993, which in turn was 400 percent greater that the total in 1992. If the total of comapny C's assets in 1992 was N dollars, which of the following represents company C's assets in 1994:

7N
8N
9N
12N
20N

Thanks
Senior Manager
Joined: 03 May 2007
Posts: 272
Followers: 1

Kudos [?]: 8 [0], given: 0

Re: tricky percent [#permalink]  02 Sep 2007, 16:47
let's say that in 1992 we had N=100 then 93 is 400 94 is 1200

Trying_not_to_suck wrote:
the total number of company C's assets in 1994 was 300 percent greater that the total in 1993, which in turn was 400 percent greater that the total in 1992. If the total of comapny C's assets in 1992 was N dollars, which of the following represents company C's assets in 1994:

7N
8N
9N
12N
20N

Thanks
GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5068
Location: Singapore
Followers: 23

Kudos [?]: 194 [0], given: 0

1992: $N 1993:$5N
1994: (300/100 * 5N) + 5N = 20N
Senior Manager
Joined: 27 Aug 2007
Posts: 253
Followers: 1

Kudos [?]: 10 [0], given: 0

1992 - n

1993 - a = 5*1992 value=5n

1994 - b = 4a = 20n

Ans: E
Manager
Joined: 03 Sep 2006
Posts: 233
Followers: 1

Kudos [?]: 7 [0], given: 0

1992 N
1993 N + 4N = 5N
1994 3*5N + 5N = 20N
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