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The total of company C's assets in 1994 was 300% greater tha [#permalink]
23 Jan 2010, 17:22

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Difficulty:

35% (medium)

Question Stats:

55% (02:07) correct
44% (00:59) wrong based on 65 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:

Re: PS question, please explain! [#permalink]
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.
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________________________________________________________________________ Andrew http://www.RenoRaters.com

Re: PS question, please explain! [#permalink]
24 Jan 2010, 00:28

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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.
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Re: The total of company C's assets in 1994 was 300% greater tha [#permalink]
11 Dec 2013, 08:25

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