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# Fifty percent of the subscribers to newspaper X are corporat

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Director
Joined: 29 Nov 2012
Posts: 866

Kudos [?]: 1452 [0], given: 543

Fifty percent of the subscribers to newspaper X are corporat [#permalink]

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08 Sep 2013, 02:00
00:00

Difficulty:

25% (medium)

Question Stats:

81% (01:39) correct 19% (02:18) wrong based on 52 sessions

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Fifty percent of the subscribers to newspaper X are corporate managers and, of these, 30 percent are in the financial field. If 40 percent of the subscribers who are corporate managers in the financial field are money managers, how many of the newpaper's 25000 subscribers are corporate money managers in the financial field?

a) 1,500
b) 3,000
c) 3,750
d) 7,500
e) 8,750

[Reveal] Spoiler: OA

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Kudos [?]: 1452 [0], given: 543

Verbal Forum Moderator
Joined: 10 Oct 2012
Posts: 627

Kudos [?]: 1388 [1], given: 136

Re: Fifty percent of the subscribers to newspaper X are corporat [#permalink]

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08 Sep 2013, 02:05
1
KUDOS
fozzzy wrote:
Fifty percent of the subscribers to newspaper X are corporate managers and, of these, 30 percent are in the financial field. If 40 percent of the subscribers who are corporate managers in the financial field are money managers, how many of the newpaper's 25000 subscribers are corporate money managers in the financial field?

a) 1,500
b) 3,000
c) 3,750
d) 7,500
e) 8,750

Total Subscribers : 25k. Out of these, # of Corporate Managers = 12.5k. Out of these , 30 % are in financial field = 3.75k.
Thus, we have 3.75k Corporate managers, who are in financial field, and 40% of these are money managers = 1.5k
A.
_________________

Kudos [?]: 1388 [1], given: 136

Intern
Joined: 14 Aug 2013
Posts: 35

Kudos [?]: 93 [2], given: 4

Location: United States
Concentration: Finance, Strategy
GMAT Date: 10-31-2013
GPA: 3.2
WE: Consulting (Consumer Electronics)
Re: Fifty percent of the subscribers to newspaper X are corporat [#permalink]

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08 Sep 2013, 02:22
2
KUDOS
fozzzy wrote:
Fifty percent of the subscribers to newspaper X are corporate managers and, of these, 30 percent are in the financial field. If 40 percent of the subscribers who are corporate managers in the financial field are money managers, how many of the newpaper's 25000 subscribers are corporate money managers in the financial field?

a) 1,500
b) 3,000
c) 3,750
d) 7,500
e) 8,750

CM=50%(Total Subscribers)
CM in FF=30%(50%(Total))
MM=40%(CM in FF)
MM=40%(30%(50%(Total)))
=0.4*0.3*0.5*Total
=0.06*25000
=1500

Kudos [?]: 93 [2], given: 4

Re: Fifty percent of the subscribers to newspaper X are corporat   [#permalink] 08 Sep 2013, 02:22
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