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Company K's earnings were $12 million last year. If this yea
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30 Jan 2014, 01:44
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The Official Guide For GMAT® Quantitative Review, 2ND EditionCompany K's earnings were $12 million last year. If this year's earnings are projected to be 150 percent greater than last year's earnings, what are Company K's projected earnings this year? (A) $13.5 million (B) $15 million (C) $18 million (D) $27 million (E) $30 million Problem Solving Question: 66 Category: Arithmetic Percents Page: 70 Difficulty: 600 GMAT Club is introducing a new project: The Official Guide For GMAT® Quantitative Review, 2ND Edition  Quantitative Questions ProjectEach week we'll be posting several questions from The Official Guide For GMAT® Quantitative Review, 2ND Edition and then after couple of days we'll provide Official Answer (OA) to them along with a slution. We'll be glad if you participate in development of this project: 1. Please provide your solutions to the questions; 2. Please vote for the best solutions by pressing Kudos button; 3. Please vote for the questions themselves by pressing Kudos button; 4. Please share your views on difficulty level of the questions, so that we have most precise evaluation. Thank you!
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Re: Company K's earnings were $12 million last year. If this yea
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Re: Company K's earnings were $12 million last year. If this yea
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30 Jan 2014, 01:52
150% is equivalent to 1.50.
So 12(1.50) = 18 increase over last year.
12 + 18 = 30.
Which is (E).
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Re: Company K's earnings were $12 million last year. If this yea
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30 Jan 2014, 03:36
Ans.E 150% increase=1.5 times increase 12* 1.5=18 mill. increase Total=12+18=30 million.



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Re: Company K's earnings were $12 million last year. If this yea
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31 Jan 2014, 06:24
Company K's earnings were $12 million last year. If this year's earnings are projected to be 150 percent greater than last year's earnings, what are Company K's projected earnings this year?
(A) $13.5 million (B) $15 million (C) $18 million (D) $27 million (E) $30 million
\(Projected Earning = This year Earning * (1 + \frac{150}{100})=$12 Million *(2.5) = $ 30 Million\)
Answer: (E)



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Re: Company K's earnings were $12 million last year. If this yea
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20 Apr 2015, 22:02
150% increase = 12million*2.5 = 30million
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Re: Company K's earnings were $12 million last year. If this yea
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13 May 2016, 04:26
150% greater means original + 1.5 times the original = 2.5 * original Earnings last year = $12 million Earnings this year = 2.5 * 12 = $30 million correct answer  E



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Re: Company K's earnings were $12 million last year. If this yea
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02 Jun 2017, 08:51
Bunuel wrote: The Official Guide For GMAT® Quantitative Review, 2ND EditionCompany K's earnings were $12 million last year. If this year's earnings are projected to be 150 percent greater than last year's earnings, what are Company K's projected earnings this year? (A) $13.5 million (B) $15 million (C) $18 million (D) $27 million (E) $30 million Problem Solving Question: 66 Category: Arithmetic Percents Page: 70 Difficulty: 600 GMAT Club is introducing a new project: The Official Guide For GMAT® Quantitative Review, 2ND Edition  Quantitative Questions ProjectEach week we'll be posting several questions from The Official Guide For GMAT® Quantitative Review, 2ND Edition and then after couple of days we'll provide Official Answer (OA) to them along with a slution. We'll be glad if you participate in development of this project: 1. Please provide your solutions to the questions; 2. Please vote for the best solutions by pressing Kudos button; 3. Please vote for the questions themselves by pressing Kudos button; 4. Please share your views on difficulty level of the questions, so that we have most precise evaluation. Thank you! It's import to remember that a percent increase is not the same as a percent of a quantity. Let x = 100 %  Percent of 100  Percent growth of 100 0  0  100 50  50  150 100  100  200 150  150  250 So percent growth is (100% + percent growth rate) * original quantity In this case, 12*2.5 = 30.



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Re: Company K's earnings were $12 million last year. If this yea
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05 Jun 2017, 15:57
Bunuel wrote: Company K's earnings were $12 million last year. If this year's earnings are projected to be 150 percent greater than last year's earnings, what are Company K's projected earnings this year?
(A) $13.5 million (B) $15 million (C) $18 million (D) $27 million (E) $30 million
Since this year's earnings are projected to be 150% greater than last year’s earnings of 12 million, this year's earnings are projected to be 2.5(12) = 30 million dollars. Answer: E
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Re: Company K's earnings were $12 million last year. If this yea
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23 Jun 2017, 04:28
Here's Another way to do this 150% Increase from original means = Original + 150% of Original = Original + 100% Original + 50% Original = Original + Original + Original/2 In this case its 12 + 12 + 12/6 = 24+6 = 30 Million
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Re: Company K's earnings were $12 million last year. If this yea
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23 Jun 2017, 08:59
Bunuel wrote: Company K's earnings were $12 million last year. If this year's earnings are projected to be 150 percent greater than last year's earnings, what are Company K's projected earnings this year?
(A) $13.5 million (B) $15 million (C) $18 million (D) $27 million (E) $30 million 150% = 100% + 50%150% of 12 million = 100% of 12 million + 50% of 12 Million Or, 150% of 12 million = 12 million + 6 Million Or, 150% of 12 million = 18 million Thus, answer must be (C)
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Re: Company K's earnings were $12 million last year. If this yea
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09 Dec 2017, 11:23
Abhishek009 wrote: Bunuel wrote: Company K's earnings were $12 million last year. If this year's earnings are projected to be 150 percent greater than last year's earnings, what are Company K's projected earnings this year?
(A) $13.5 million (B) $15 million (C) $18 million (D) $27 million (E) $30 million 150% = 100% + 50%150% of 12 million = 100% of 12 million + 50% of 12 Million Or, 150% of 12 million = 12 million + 6 Million Or, 150% of 12 million = 18 million Thus, answer must be (C)I followed the same logic and had C. Moreover, I am sure that most of financial managers reading would immediately come up with 18 million and not 30 millions. But it seems it is GMAT logic that works like this...



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Re: Company K's earnings were $12 million last year. If this yea
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06 Jul 2018, 08:56
niks18 pushpitkc pikolo2510Did Erjan_S Abhishek009 forget to add 100% ie 12 to 18 as Bunuel suggested
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Re: Company K's earnings were $12 million last year. If this yea
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06 Jul 2018, 09:31
adkikani wrote: niks18 pushpitkc pikolo2510Did Erjan_S Abhishek009 forget to add 100% ie 12 to 18 as Bunuel suggested Hi adkikaniwhat they did was simply 150% of Earnings. But the question states that the Earnings greater by 150%so new earning = Old earning +150% of Old Earning




Re: Company K's earnings were $12 million last year. If this yea &nbs
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