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10 Nov 2020, 03:45
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
70% (02:22) correct
30%
(02:29)
wrong
based on 325
sessions
History
Date
Time
Result
Not Attempted Yet
Company KW is being sold, and both Company A and Company B were considering the purchase. The price of Company KW is 50% more than Company A has in assets, and this same price is also 100% more than Company B has in assets. If Companies A and B were to merge and combine their assets, the price of Company KW would be approximately what percent of these combined assets?
(A) 66%
(B) 75%
(C) 86%
(D) 116%
(E) 150%
Are You Up For the Challenge: 700 Level Questions
(A) 66%
(B) 75%
(C) 86%
(D) 116%
(E) 150%
Are You Up For the Challenge: 700 Level Questions
10 Nov 2020, 03:55
Kudos
Bookmarks
Bunuel
Let us take an amount for one of the three companies.
The price of Company KW is 50% more than Company A has in assets, - Let the company A's assets be 100, so KW's price = 100+50% more = 100+50=150.
and this same price is also 100% more than Company B has in assets - If price of KW is 150 and it is 100% more than B's assets, B = 150/2=75
Combined assets of A and B = 100+75=175, while price of B = 150.
We are looking for 150 as % of 175 => \(100*\frac{150}{175} =100*\frac{25*6}{25*7}= \frac{600}{7} = 85.7\) ~86%
C
