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# The total of Company C's assets in 1994 was 300% greater

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Senior Manager
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The total of Company C's assets in 1994 was 300% greater [#permalink]

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12 Nov 2006, 00:22
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The total of Company C's assets in 1994 was 300% greater than the total in 1993, which in turn was 400 percent greater than the total in 1992. If the total of Company C's assets in 1992 was N dollars, which of the following represents the total of Company C's assets, in dollars, in 1994?

7n
8n
9n
12n
20n

I get an answer of 12n for this.

1994 = 3(1993)
1993 = 4(1992)
1992 = N

I come out with 12n. OA is 20n
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Manager
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12 Nov 2006, 03:07
300% greater means 4x
400% greater means 5x

For example, 200 is 100% greater than 100, ie it is double

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GMAT Club Legend
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12 Nov 2006, 04:44

Do not get fooled by the wording. If it said 1993 were 400% of 1992, 1992 being n, then 1993 would be 4n. However, it says 1993 were 400% greater than 1992 so 1993 would be 5n. The rest is history.
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Best Regards,

Paul

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Senior Manager
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12 Nov 2006, 09:10
Thanks guys. I didn't even notice that! Thanks for pointing it out.
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Director
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14 Nov 2006, 10:36
Per the question, if company assets are 100 in 92, they are 500 in 93 (400% of 100, plus the original 100) and 2000 in 94 (300% of 500, plus the original 500).
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14 Nov 2006, 10:36
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# The total of Company C's assets in 1994 was 300% greater

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