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Anthony runs a business manufacturing machine parts. If Anthony’s busi

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Anthony runs a business manufacturing machine parts. If Anthony’s busi  [#permalink]

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New post 13 Feb 2019, 00:29
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Question Stats:

85% (00:54) correct 15% (01:34) wrong based on 41 sessions

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Anthony runs a business manufacturing machine parts. If Anthony’s business manufactured 80,000 machine parts last year and 88,000 machine parts this year, how many parts will the business need to produce next year to maintain the same percent growth from year to year?

(A) 88,000
(B) 88,800
(C) 96,000
(D) 96,800
(E) 100,000

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Re: Anthony runs a business manufacturing machine parts. If Anthony’s busi  [#permalink]

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New post 13 Feb 2019, 03:52
Bunuel wrote:
Anthony runs a business manufacturing machine parts. If Anthony’s business manufactured 80,000 machine parts last year and 88,000 machine parts this year, how many parts will the business need to produce next year to maintain the same percent growth from year to year?

(A) 88,000
(B) 88,800
(C) 96,000
(D) 96,800
(E) 100,000



%age growth of = 88000-80000/80000 = 10 %
so 1.1 * 88,000 = 96800
IMO D
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Re: Anthony runs a business manufacturing machine parts. If Anthony’s busi  [#permalink]

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New post 13 Feb 2019, 11:51
Bunuel wrote:
Anthony runs a business manufacturing machine parts. If Anthony’s business manufactured 80,000 machine parts last year and 88,000 machine parts this year, how many parts will the business need to produce next year to maintain the same percent growth from year to year?

(A) 88,000
(B) 88,800
(C) 96,000
(D) 96,800
(E) 100,000



% change = (88000 - 80000 / 80000)*100

=10%

This years's production = 88000

Next year's production = 88000 * 110% = 96800.

D is the correct answer.
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Re: Anthony runs a business manufacturing machine parts. If Anthony’s busi  [#permalink]

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New post 15 Feb 2019, 19:18
Bunuel wrote:
Anthony runs a business manufacturing machine parts. If Anthony’s business manufactured 80,000 machine parts last year and 88,000 machine parts this year, how many parts will the business need to produce next year to maintain the same percent growth from year to year?

(A) 88,000
(B) 88,800
(C) 96,000
(D) 96,800
(E) 100,000


The percent growth from last year to this year is:

(88,000 - 80,000)/80,000 x 100

8,000/80,000 x 100

1/10 x 100 = 10 percent

Therefore, to keep the same percent growth from year to year, his business must produce 88,000 x 1.1 = 96,800 machine parts next year.

Answer: D
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Re: Anthony runs a business manufacturing machine parts. If Anthony’s busi   [#permalink] 15 Feb 2019, 19:18
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