The total of company C's assets in 1994 was 300% greater tha : GMAT Problem Solving (PS)
Check GMAT Club Decision Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

 It is currently 23 Jan 2017, 17:02

### 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 tha

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics
Author Message
TAGS:

### Hide Tags

Intern
Joined: 28 Sep 2009
Posts: 37
Location: Toronto, Ontario, Canada
Followers: 0

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

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

### Show Tags

23 Jan 2010, 17:22
1
KUDOS
1
This post was
BOOKMARKED
00:00

Difficulty:

45% (medium)

Question Stats:

59% (01:59) correct 41% (01:01) wrong based on 308 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
[Reveal] Spoiler: OA
Intern
Joined: 21 Jan 2010
Posts: 49
Followers: 0

Kudos [?]: 33 [3] , given: 0

### Show Tags

23 Jan 2010, 17:31
3
KUDOS
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

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
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 [?]: 81 [1] , given: 1

### Show Tags

23 Jan 2010, 17:33
1
KUDOS
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: http://gmatclub.com/forum/2012-profiles-w-admit-dings-results-no-discussion-116595.html#p983273

Math Expert
Joined: 02 Sep 2009
Posts: 36618
Followers: 7100

Kudos [?]: 93576 [2] , given: 10578

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

### Show Tags

24 Jan 2010, 00:28
2
KUDOS
Expert's post
2
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.

_________________
GMAT Club Legend
Joined: 09 Sep 2013
Posts: 13526
Followers: 577

Kudos [?]: 163 [0], given: 0

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

### Show Tags

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

Kudos [?]: 7 [1] , given: 0

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

### Show Tags

11 Dec 2013, 09:38
1
KUDOS
1992=100 1993=+400% (100)=500 1994=+300%(1993)=2000

N=10, in 1994 must be 2000, so the ans is E
Manager
Joined: 18 Oct 2013
Posts: 81
Location: India
Concentration: Technology, Finance
GMAT 1: 580 Q48 V21
GMAT 2: 530 Q49 V13
GMAT 3: 590 Q49 V21
WE: Information Technology (Computer Software)
Followers: 3

Kudos [?]: 29 [1] , given: 36

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

### Show Tags

11 Dec 2013, 11:21
1
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
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]

### Show Tags

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.
SVP
Status: The Best Or Nothing
Joined: 27 Dec 2012
Posts: 1858
Location: India
Concentration: General Management, Technology
WE: Information Technology (Computer Software)
Followers: 47

Kudos [?]: 1937 [0], given: 193

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

### Show Tags

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

GMAT Club Legend
Joined: 09 Sep 2013
Posts: 13526
Followers: 577

Kudos [?]: 163 [0], given: 0

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

### Show Tags

26 Jul 2015, 06:35
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.
_________________
Re: The total of company C's assets in 1994 was 300% greater tha   [#permalink] 26 Jul 2015, 06:35
Similar topics Replies Last post
Similar
Topics:
2 In a company of 300 employees, 120 are females. A total of 200 employ 5 22 Jan 2015, 06:36
12 A polling company found that, of 300 households surveyed 13 06 Oct 2010, 17:35
1 At a certain company, each employee has a salary grade s tha 14 19 Jan 2008, 08:30
5 How many even numbers greater than 300 can be formed with 4 07 Sep 2010, 07:47
4 The total of Company C's assets in 1994 was 300% greater 7 02 Oct 2008, 14:00
Display posts from previous: Sort by

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

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics

 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®.