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

It is currently 27 Aug 2014, 04:59

Close

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
Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

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

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
1 KUDOS received
Intern
Intern
avatar
Joined: 28 Sep 2009
Posts: 37
Location: Toronto, Ontario, Canada
Followers: 0

Kudos [?]: 1 [1] , given: 2

The total of company C's assets in 1994 was 300% greater tha [#permalink] New post 23 Jan 2010, 17:22
1
This post received
KUDOS
00:00
A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

59% (01:00) correct 41% (01:06) wrong based on 131 sessions
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
[Reveal] Spoiler: OA
Intern
Intern
User avatar
Joined: 21 Jan 2010
Posts: 49
Location: Canada
Followers: 0

Kudos [?]: 17 [0], given: 0

Re: PS question, please explain! [#permalink] New post 23 Jan 2010, 17:31
Parisa1362 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 in 1992 was N dollars, which one of the following represents company C's assets in 1994:

- 7N
- 8N
- 9N
-12N
- 20N

Answer: 20N please explain!



Profit in 1992 = N
Profit in 1993 = 4*N (400% of N) + N = 5N --- 400% greater really means 1993 is 5 times that of 1992.
Profit in 1994 = 3*1992 = 3*(5*N) = 15N + 5N = 20N -- 300% greater really means 1994 is 4 times that of 1993.
_________________

________________________________________________________________________
Andrew
http://www.RenoRaters.com

Senior Manager
Senior Manager
avatar
Joined: 15 Jan 2010
Posts: 258
Location: United States
Concentration: Finance, Strategy
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q51 V44
GPA: 3.54
WE: Consulting (Consulting)
Followers: 1

Kudos [?]: 55 [0], given: 1

GMAT Tests User
Re: PS question, please explain! [#permalink] New post 23 Jan 2010, 17:33
Let's use actual numbers. Starting in 1992, let's say company C had $100 in assets.

In 1993, the total assets were 400% GREATER, which means 1992 PLUS 400% of 1992:
$100 + 4x$100 = $100 + $400 = $500

In 1994, the total assets were 300% GREATER than they were in 1993, which means 1993 PLUS 300% of 1993:
$500 + 3x$500 = $500 + $1500 = $2000

This is 20 times the 1992 number, so the correct answer is 20N.

EDIT: looks like i was beaten to the punch!
_________________

My blog: http://www.theapplicationist.blogspot.com/
My application status: 2012-profiles-w-admit-dings-results-no-discussion-116595.html#p983273

Expert Post
1 KUDOS received
Math Expert
User avatar
Joined: 02 Sep 2009
Posts: 19083
Followers: 3399

Kudos [?]: 24841 [1] , given: 2692

The total of company C's assets in 1994 was 300% greater tha [#permalink] New post 24 Jan 2010, 00:28
1
This post received
KUDOS
Expert's post
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.

Answer: E.
_________________

NEW TO MATH FORUM? PLEASE READ THIS: ALL YOU NEED FOR QUANT!!!

PLEASE READ AND FOLLOW: 11 Rules for Posting!!!

RESOURCES: [GMAT MATH BOOK]; 1. Triangles; 2. Polygons; 3. Coordinate Geometry; 4. Factorials; 5. Circles; 6. Number Theory; 7. Remainders; 8. Overlapping Sets; 9. PDF of Math Book; 10. Remainders; 11. GMAT Prep Software Analysis NEW!!!; 12. SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) NEW!!!; 12. Tricky questions from previous years. NEW!!!;

COLLECTION OF QUESTIONS:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS ; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
25 extra-hard Quant Tests

Get the best GMAT Prep Resources with GMAT Club Premium Membership

SVP
SVP
User avatar
Joined: 09 Sep 2013
Posts: 2182
Followers: 184

Kudos [?]: 36 [0], given: 0

Premium Member
Re: The total of company C's assets in 1994 was 300% greater tha [#permalink] New post 11 Dec 2013, 08:25
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

Intern
Intern
avatar
Joined: 20 Nov 2013
Posts: 11
Location: Italy
Concentration: International Business, Strategy
GPA: 3.6
Followers: 0

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

GMAT ToolKit User
Re: The total of company C's assets in 1994 was 300% greater tha [#permalink] New post 11 Dec 2013, 09:38
1992=100 1993=+400% (100)=500 1994=+300%(1993)=2000

N=10, in 1994 must be 2000, so the ans is E
1 KUDOS received
Manager
Manager
avatar
Joined: 18 Oct 2013
Posts: 81
Location: India
Concentration: Technology, Finance
GMAT 1: 580 Q48 V21
WE: Information Technology (Computer Software)
Followers: 2

Kudos [?]: 27 [1] , given: 25

Re: The total of company C's assets in 1994 was 300% greater tha [#permalink] New post 11 Dec 2013, 11:21
1
This post received
KUDOS
It can be done alternatively with successive change without use of paper n pen.

Consecutive increase of 400% n 300% of N dollar.
So, Total change %= 400+300+(400*300)/100=1900%

So Net change = N=1900% of N=N+19N=20N
Intern
Intern
avatar
Joined: 19 Apr 2014
Posts: 1
Followers: 0

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

Re: The total of company C's assets in 1994 was 300% greater tha [#permalink] New post 19 Apr 2014, 18:31
Let the asset in 1992 be 1.
In 1993 it becomes 400%, 1+ 4*1 ==> 5.
This 5 becomes 300%, 5 + 5*3 ==> 20.
Hence asset becomes 20 times.
Director
Director
User avatar
Status: The Best Or Nothing
Joined: 27 Dec 2012
Posts: 824
Location: India
Concentration: General Management, Technology
WE: Information Technology (Computer Software)
Followers: 5

Kudos [?]: 201 [0], given: 165

Re: The total of company C's assets in 1994 was 300% greater tha [#permalink] New post 22 Apr 2014, 01:20
Assets in 93 = 100
Assets in 94 = 500 (Increase 400% = 100 + 400)
Assets in 95 = 2000 (Increase 300% = 500 + 1500)

Total rise from 93 to 95 is 20 times

Answer = 20N = E
_________________

Kindly press "+1 Kudos" to appreciate :)

Re: The total of company C's assets in 1994 was 300% greater tha   [#permalink] 22 Apr 2014, 01:20
    Similar topics Author Replies Last post
Similar
Topics:
1 The total of Company C's assets in 1994 was 300% greater sarzan 5 02 Oct 2008, 14:00
The total of company C's assets in 1994 was 300% greater A.Haung 1 08 Sep 2007, 10:33
the total number of company C's assets in 1994 was 300 Trying_not_to_suck 4 02 Sep 2007, 16:10
The total of Company C's assets in 1994 was 300% greater Hermione 4 11 Nov 2006, 23:22
The total of company c's assets in 1994 was 300% greater kuristar 5 10 Jun 2006, 14:51
Display posts from previous: Sort by

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

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.