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# If "basis points" are defined so that 1 percent is equal to 100 basis

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If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

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22 May 2017, 13:44
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Question Stats:

86% (00:41) correct 14% (00:56) wrong based on 90 sessions

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If "basis points" are defined so that 1 percent is equal to 100 basis points, then 82.5 percent is how many basis points greater than 62.5 percent?

A) 0.02

B) 0.2

C) 20

D) 200

E) 2,000

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If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

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22 May 2017, 18:54
carcass wrote:
If "basis points" are defined so that 1 percent is equal to 100 basis points, then 82.5 percent is how many basis points greater than 62.5 percent?

A) 0.02

B) 0.2

C) 20

D) 200

E) 2,000

1% = 100 basis points
1/100 = 0.01 = 100 basis points

82.5% = 0.825
Basis points = $$\frac{0.825 * 100}{0.01}$$ = 8250

62.5% = 0.625
Basis points = $$\frac{0.625 * 100}{0.01}$$ = 6250

Difference between 82.5% and 62.5% = 8250 - 6250 = 2000
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Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

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22 May 2017, 23:33
1
Difference = 82.5 percent - 62.5 percent = 20 percent

1 percent = 100 basis point
Thus, 20 percent = 20*100 = 2000 basis points

Hence E
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Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

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25 May 2017, 15:54
carcass wrote:
If "basis points" are defined so that 1 percent is equal to 100 basis points, then 82.5 percent is how many basis points greater than 62.5 percent?

A) 0.02

B) 0.2

C) 20

D) 200

E) 2,000

Since 82.5 percent is 20 percent more than 62.5 percent, and 1 percent = 100 basis points, 20 percent = 20 x 100 = 2,000 basis points.

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Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

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16 Jun 2017, 21:38
carcass wrote:
If "basis points" are defined so that 1 percent is equal to 100 basis points, then 82.5 percent is how many basis points greater than 62.5 percent?

A) 0.02

B) 0.2

C) 20

D) 200

E) 2,000

Like unitary system

x% means n
1% means n/x
y% means ( n/x )* y

Do the above mentally and in exam just do the following calculations

Now difference = ( 100/1 ) * 82.5 - ( 100/1 ) * 62.5
=8250 - 6250
=2000

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Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

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16 Jun 2017, 22:39
82.5-62.5= 8250-6250= 2000
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Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

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29 Jul 2018, 08:30
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