It is currently 21 Nov 2017, 10:50

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

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Fifty percent of the subscribers to newspaper X are corporat

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

Hide Tags

Director
Director
avatar
Joined: 29 Nov 2012
Posts: 866

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

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

Show Tags

New post 08 Sep 2013, 02:00
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

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

HideShow timer Statistics

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

Please provide detailed explanations!
[Reveal] Spoiler: OA

_________________

Click +1 Kudos if my post helped...

Amazing Free video explanation for all Quant questions from OG 13 and much more http://www.gmatquantum.com/og13th/

GMAT Prep software What if scenarios http://gmatclub.com/forum/gmat-prep-software-analysis-and-what-if-scenarios-146146.html

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

1 KUDOS received
Verbal Forum Moderator
User avatar
Joined: 10 Oct 2012
Posts: 627

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

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

Show Tags

New post 08 Sep 2013, 02:05
1
This post received
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

Please provide detailed explanations!


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.
_________________

All that is equal and not-Deep Dive In-equality

Hit and Trial for Integral Solutions

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

2 KUDOS received
Intern
Intern
User avatar
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)
GMAT ToolKit User
Re: Fifty percent of the subscribers to newspaper X are corporat [#permalink]

Show Tags

New post 08 Sep 2013, 02:22
2
This post received
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

Please provide detailed explanations!


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
Display posts from previous: Sort by

Fifty percent of the subscribers to newspaper X are corporat

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


GMAT Club MBA Forum Home| About| Terms and Conditions| 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®.