GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 16 Oct 2018, 05:14

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.

Close

Request Expert Reply

Confirm Cancel

A corporation triples its annual bonus to 50 of its employees. What pe

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

Hide Tags

Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 49914
A corporation triples its annual bonus to 50 of its employees. What pe  [#permalink]

Show Tags

New post 10 Jan 2016, 08:14
16
00:00
A
B
C
D
E

Difficulty:

  75% (hard)

Question Stats:

47% (01:17) correct 53% (00:54) wrong based on 219 sessions

HideShow timer Statistics

A corporation triples its annual bonus to 50 of its employees. What percent of the employees’ new bonus is the increase?

A. 50%
B. 662⁄3%
C. 100%
D. 200%
E. 300%

_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

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?
Extra-hard Quant Tests with Brilliant Analytics

Intern
Intern
avatar
B
Joined: 12 Jun 2015
Posts: 43
Schools: Sloan '19
Re: A corporation triples its annual bonus to 50 of its employees. What pe  [#permalink]

Show Tags

New post 11 Jan 2016, 06:34
1
Let the annual bonus be X.
A corporation triples its annual bonus.
So new bonus = 3X.

Increase = 3X-X =2X
The increase is what percent of the employees’ new bonus
= (2X/3X)*100
= 66 2/3%
Hence B.
Manager
Manager
avatar
Joined: 09 Jul 2013
Posts: 109
Re: A corporation triples its annual bonus to 50 of its employees. What pe  [#permalink]

Show Tags

New post 11 Jan 2016, 11:07
gmatlbs wrote:
Let the annual bonus be X.
A corporation triples its annual bonus.
So new bonus = 3X.

Increase = 3X-X =2X
The increase is what percent of the employees’ new bonus
= (2X/3X)*100
= 66 2/3%
Hence B.



Or pick a number:
If the annual bonus was 10, the new annual bonus is 30.

What percent of the employees’ new bonus is the increase?
increase = new bonus - old bonus = 30-10 = 20

% of new bonus = \(\frac{increase}{new bonus}*100 = \frac{20}{30}*100 = 66 \frac{2}{3}\)%

Answer B.
_________________

Dave de Koos
GMAT aficionado

Senior Manager
Senior Manager
User avatar
S
Joined: 08 Jun 2015
Posts: 464
Location: India
GMAT 1: 640 Q48 V29
GMAT 2: 700 Q48 V38
GPA: 3.33
Premium Member
Re: A corporation triples its annual bonus to 50 of its employees. What pe  [#permalink]

Show Tags

New post 11 May 2016, 10:29
Tricky one ! Got stumped !
_________________

" The few , the fearless "

Board of Directors
User avatar
P
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4097
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User Premium Member
A corporation triples its annual bonus to 50 of its employees. What pe  [#permalink]

Show Tags

New post 11 May 2016, 11:47
1
spetznaz wrote:
Tricky one ! Got stumped !



Quote:
A corporation triples its annual bonusto 50 of its employees.What percent of the employees’ new bonus is the increase?


The highlighted part is irrelevant to this question...

Let earlier bonus be 1
Increased bonus will be 3

Net Increase will be 2

Quote:
What percent of the employees’ new bonus is the increase?


\(Required\)\(%\) %= \(\frac{Increase}{New Bonus}\) x \(100\)

\(Required\)\(%\) % = \(\frac{2}{3}\) x \(100\)

\(Required\) % =>\(66 \frac{2}{3}\)%
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 8410
Premium Member
Re: A corporation triples its annual bonus to 50 of its employees. What pe  [#permalink]

Show Tags

New post 30 Sep 2018, 11:48
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

GMAT Club Bot
Re: A corporation triples its annual bonus to 50 of its employees. What pe &nbs [#permalink] 30 Sep 2018, 11:48
Display posts from previous: Sort by

A corporation triples its annual bonus to 50 of its employees. What pe

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


Copyright

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

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

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®.