Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 31 May 2016, 12:31

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

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

Author Message
TAGS:

### Hide Tags

Manager
Joined: 30 Jul 2007
Posts: 129
Followers: 2

Kudos [?]: 15 [1] , given: 0

The total of Company C's assets in 1994 was 300% greater [#permalink]

### Show Tags

02 Oct 2008, 15:00
1
KUDOS
1
This post was
BOOKMARKED
00:00

Difficulty:

45% (medium)

Question Stats:

60% (02:02) correct 40% (01:06) wrong based on 92 sessions

### HideShow timer Statistics

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 in 1992 was N dollars, which one of the following represents company C's assets in 1994:

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

OPEN DISCUSSION OF THIS QUESTION IS HERE: the-total-of-company-c-s-assets-in-1994-was-300-greater-tha-89593.html
[Reveal] Spoiler: OA
Manager
Joined: 30 Sep 2008
Posts: 111
Followers: 1

Kudos [?]: 13 [0], given: 0

Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

### Show Tags

02 Oct 2008, 18:31
The total of Company C's assets in 1994 = (400% + 1)(300% + 1)N = 20N

VP
Joined: 18 May 2008
Posts: 1287
Followers: 14

Kudos [?]: 293 [0], given: 0

Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

### Show Tags

02 Oct 2008, 19:05
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
Director
Joined: 25 Oct 2008
Posts: 607
Location: Kolkata,India
Followers: 11

Kudos [?]: 556 [0], given: 100

Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

### Show Tags

30 Oct 2009, 19:23
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..?
_________________
Manager
Joined: 20 May 2009
Posts: 61
Followers: 1

Kudos [?]: 16 [1] , given: 3

Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

### Show Tags

30 Oct 2009, 20:10
1
KUDOS
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
Intern
Joined: 31 Oct 2009
Posts: 38
Followers: 1

Kudos [?]: 46 [0], given: 0

Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

### Show Tags

31 Oct 2009, 20:28
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
Verbal Forum Moderator
Status: Getting strong now, I'm so strong now!!!
Affiliations: National Institute of Technology, Durgapur
Joined: 04 Jun 2013
Posts: 634
Location: India
GPA: 3.32
WE: Information Technology (Computer Software)
Followers: 91

Kudos [?]: 427 [0], given: 78

Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

### Show Tags

30 Dec 2014, 05:22
Expert's post
Good Question. Bumping for practice.
_________________

Regards,

S

Consider +1 KUDOS if you find this post useful

Math Expert
Joined: 02 Sep 2009
Posts: 33104
Followers: 5786

Kudos [?]: 71031 [0], given: 9857

Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

### Show Tags

30 Dec 2014, 07:21
Expert's post
1
This post was
BOOKMARKED
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 in 1992 was N dollars, which one of the following represents company C's assets in 1994:

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

300% greater - means 4 times as many;
400% greater - means 5 times as many.

If in initial year was n dollars, so in two years it will be n*5*4=20n.

OPEN DISCUSSION OF THIS QUESTION IS HERE: the-total-of-company-c-s-assets-in-1994-was-300-greater-tha-89593.html
_________________
Re: The total of Company C's assets in 1994 was 300% greater   [#permalink] 30 Dec 2014, 07:21
Similar topics Replies Last post
Similar
Topics:
In a company of 300 employees, 120 are females. A total of 200 employ 3 22 Jan 2015, 07:36
6 A polling company found that, of 300 households surveyed, 12 8 04 Mar 2013, 14:30
8 A polling company found that, of 300 households surveyed 12 06 Oct 2010, 18:35
4 How many even numbers greater than 300 can be formed with 3 07 Sep 2010, 08:47
11 The total of company C's assets in 1994 was 300% greater tha 9 23 Jan 2010, 18:22
Display posts from previous: Sort by