Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 27 May 2017, 05:37

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# The total of company c's assets in 1994 was 300% greater

Author Message
Manager
Joined: 13 Apr 2006
Posts: 56
Followers: 0

Kudos [?]: 8 [0], given: 0

The total of company c's assets in 1994 was 300% greater [#permalink]

### Show Tags

10 Jun 2006, 15:51
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

The total of company c's assets in 1994 was 300% greater than than c's total in 1993, which was 400% greater than it's assets in 1992. If N is the total of c's assets in 1992, what is c's assets in 1994?

a. 7N
b. 8N
c. 9N
d. 12N
e. 20N

I am quite obviously not a math genius and would appreciate help. I plugged in an easy number...but what is the best way to answer this?
Manager
Joined: 01 Jun 2006
Posts: 139
Followers: 1

Kudos [?]: 6 [0], given: 0

### Show Tags

10 Jun 2006, 16:02
We have TA1994 (total asset in 1994) is 3 times bigger than TA 1993
And TA1993 is 4 times bigger than TA1992 which is equal N.
So TA1994=3*TA1993=3*4*TA1992=12N
So D it is
Manager
Joined: 13 Apr 2006
Posts: 56
Followers: 0

Kudos [?]: 8 [0], given: 0

### Show Tags

10 Jun 2006, 17:00
that's what i got, but the OA is e.
what now??? anyone???
Manager
Joined: 01 Jun 2006
Posts: 139
Followers: 1

Kudos [?]: 6 [0], given: 0

### Show Tags

10 Jun 2006, 17:57
[quote="kuristar"]The total of company c's assets in 1994 was 300% greater than than c's total in 1993, which was 400% greater than it's assets in 1992. If N is the total of c's assets in 1992, what is c's assets in 1994?

a. 7N
b. 8N
c. 9N
d. 12N
e. 20N

I am quite obviously not a math genius and would appreciate help. I plugged in an easy number...but what is the best way to answer this?[/quote]
It's my big mistake
The conditions tell that TA1994 was 300%greater than TA1993 means TA1994=4*TA1993
And also we got TA1993=5*TA1992
So the correct answer must be TA1994=20*TA1992=20N
Is this right?
Manager
Joined: 25 May 2006
Posts: 227
Followers: 1

Kudos [?]: 65 [0], given: 0

### Show Tags

10 Jun 2006, 18:50
I'm getting E

92 --> N
93 --> N(5)
94 --> N(5)(4) = N(20)
---------------------------------

Lets say

if N = $100, then an increase of 100% means a$200 which is equal to 100(2), so an increase of 400% is equal to 100(5)........

If I'm wrong please correct me,

Regards,
Manager
Joined: 13 Apr 2006
Posts: 56
Followers: 0

Kudos [?]: 8 [0], given: 0

### Show Tags

11 Jun 2006, 07:41
Of course! I forgot to calculate the '1' in there to account for the existing number N. Thank you...phewsh, thought I was losing my mind.
11 Jun 2006, 07:41
Display posts from previous: Sort by