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The total of company c's assets in 1994 was 300% greater

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Manager
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The total of company c's assets in 1994 was 300% greater [#permalink] New post 10 Jun 2006, 14:51
The total of company c's assets in 1994 was 300% greater than than c's total in 1993, which was 400% greater than it's assets in 1992. If N is the total of c's assets in 1992, what is c's assets in 1994?

a. 7N
b. 8N
c. 9N
d. 12N
e. 20N

I am quite obviously not a math genius and would appreciate help. I plugged in an easy number...but what is the best way to answer this?
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 [#permalink] New post 10 Jun 2006, 15:02
We have TA1994 (total asset in 1994) is 3 times bigger than TA 1993
And TA1993 is 4 times bigger than TA1992 which is equal N.
So TA1994=3*TA1993=3*4*TA1992=12N
So D it is
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 [#permalink] New post 10 Jun 2006, 16:00
that's what i got, but the OA is e.
what now??? anyone???
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Re: percentage [#permalink] New post 10 Jun 2006, 16:57
[quote="kuristar"]The total of company c's assets in 1994 was 300% greater than than c's total in 1993, which was 400% greater than it's assets in 1992. If N is the total of c's assets in 1992, what is c's assets in 1994?

a. 7N
b. 8N
c. 9N
d. 12N
e. 20N

I am quite obviously not a math genius and would appreciate help. I plugged in an easy number...but what is the best way to answer this?[/quote]
It's my big mistake
The conditions tell that TA1994 was 300%greater than TA1993 means TA1994=4*TA1993
And also we got TA1993=5*TA1992
So the correct answer must be TA1994=20*TA1992=20N
Is this right?
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 [#permalink] New post 10 Jun 2006, 17:50
I'm getting E

92 --> N
93 --> N(5)
94 --> N(5)(4) = N(20)
---------------------------------

Lets say

if N = $100, then an increase of 100% means a $200 which is equal to 100(2), so an increase of 400% is equal to 100(5)........

If I'm wrong please correct me,

Regards,
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 [#permalink] New post 11 Jun 2006, 06:41
Of course! I forgot to calculate the '1' in there to account for the existing number N. Thank you...phewsh, thought I was losing my mind.
  [#permalink] 11 Jun 2006, 06:41
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