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The total of Company C's assets in 1994 was 300% greater

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The total of Company C's assets in 1994 was 300% greater [#permalink] New post 02 Oct 2008, 14:00
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The total of Company C's assets in 1994 was 300% greater than the total in 1993, which in turn was 400% greater than the total in 1992. If the total of Company C's assets in 1992 was N dollars, which of the following represents the total of Company C's assets, in dollars, in 1994?

7N
8N
9N
12N
20N
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Re: SZ-PS - percent [#permalink] New post 02 Oct 2008, 17:31
The total of Company C's assets in 1994 = (400% + 1)(300% + 1)N = 20N

Answer: E
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Re: SZ-PS - percent [#permalink] New post 02 Oct 2008, 18:05
1993=5N
1994=4*5N=20E
Hence E
sarzan wrote:
The total of Company C's assets in 1994 was 300% greater than the total in 1993, which in turn was 400% greater than the total in 1992. If the total of Company C's assets in 1992 was N dollars, which of the following represents the total of Company C's assets, in dollars, in 1994?

7N
8N
9N
12N
20N
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Re: SZ-PS - percent [#permalink] New post 30 Oct 2009, 18:23
The total of Company C's assets in 1994 was 300 percent greater than the total in 1993, which in turn was 400 percent greater than the total in 1992. If the total of Company C's assets in 1992 was N dollars, which of the following represents tht total of Company C's assets, in dollars, in 1994?

A) 7N
B) 8N
C) 9N
D) 12N
E) 20N

Ans:E

I need to know what is wrong in my approach below:
.........................

Let the total in 93 be 100
Then the total in 94 becomes 400(300% greater)
Now,it's said that the total in 94 was 400% greater than 92.so,
Let the total of 92 be x
x +400%x=400
x=80

so now we have the totals:
92:80
92:100
94:400

now,the question states that 80 = N
therefore total of 94, 400= 5N

hmmm..?
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Re: SZ-PS - percent [#permalink] New post 30 Oct 2009, 19:10
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The expression that you have used:
Let the total in 93 be 100
Then the total in 94 becomes 400(300% greater)
This is correct but the later is incorrect because it is not the total in 94 that was 400% greater, total in 93 is 400% greater than 92. If 93 is 100,92 becomes 20(400%lesser),20=N,therefore total in 94 becomes 20N
Now,it's said that the total in 94 was 400% greater than 92.so,
Let the total of 92 be x
x +400%x=400
x=80
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Re: SZ-PS - percent [#permalink] New post 31 Oct 2009, 19:28
tejal777 wrote:
The total of Company C's assets in 1994 was 300 percent greater than the total in 1993, which in turn was 400 percent greater than the total in 1992. If the total of Company C's assets in 1992 was N dollars, which of the following represents tht total of Company C's assets, in dollars, in 1994?

A) 7N
B) 8N
C) 9N
D) 12N
E) 20N

Ans:E

I need to know what is wrong in my approach below:
.........................

Let the total in 93 be 100
Then the total in 94 becomes 400(300% greater)
Now,it's said that the total in 94 was 400% greater than 92.so,
Let the total of 92 be x
x +400%x=400
x=80

so now we have the totals:
92:80
92:100
94:400

now,the question states that 80 = N
therefore total of 94, 400= 5N

hmmm..?


If 1992=$100
1993=$500 ($100 * 4) + $100
1994=$2000 ($500 * 3) + $500

1994=20*1992
Re: SZ-PS - percent   [#permalink] 31 Oct 2009, 19:28
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