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

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Manager
Joined: 30 Jul 2007
Posts: 129
The total of Company C's assets in 1994 was 300% greater [#permalink]

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02 Oct 2008, 15:00
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Question Stats:

57% (01:55) correct 43% (00:59) wrong based on 131 sessions

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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% greater than the total in 1992. If the total of company C's assets in in 1992 was N dollars, which one of the following represents company C's assets in 1994:

A. 7N
B. 8N
C. 9N
D. 12N
E. 20N

OPEN DISCUSSION OF THIS QUESTION IS HERE: the-total-of-company-c-s-assets-in-1994-was-300-greater-tha-89593.html
[Reveal] Spoiler: OA
Manager
Joined: 30 Sep 2008
Posts: 111
Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

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02 Oct 2008, 18:31
The total of Company C's assets in 1994 = (400% + 1)(300% + 1)N = 20N

VP
Joined: 18 May 2008
Posts: 1260
Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

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02 Oct 2008, 19:05
1993=5N
1994=4*5N=20E
Hence E
sarzan wrote:
The total of Company C's assets in 1994 was 300% greater than the total in 1993, which in turn was 400% 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
Director
Joined: 25 Oct 2008
Posts: 596
Location: Kolkata,India
Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

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30 Oct 2009, 19:23
The total of Company C's assets in 1994 was 300 percent 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 tht total of Company C's assets, in dollars, in 1994?

A) 7N
B) 8N
C) 9N
D) 12N
E) 20N

Ans:E

I need to know what is wrong in my approach below:
.........................

Let the total in 93 be 100
Then the total in 94 becomes 400(300% greater)
Now,it's said that the total in 94 was 400% greater than 92.so,
Let the total of 92 be x
x +400%x=400
x=80

so now we have the totals:
92:80
92:100
94:400

now,the question states that 80 = N
therefore total of 94, 400= 5N

hmmm..?
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Manager
Joined: 20 May 2009
Posts: 57
Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

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30 Oct 2009, 20:10
1
KUDOS
The expression that you have used:
Let the total in 93 be 100
Then the total in 94 becomes 400(300% greater)
This is correct but the later is incorrect because it is not the total in 94 that was 400% greater, total in 93 is 400% greater than 92. If 93 is 100,92 becomes 20(400%lesser),20=N,therefore total in 94 becomes 20N
Now,it's said that the total in 94 was 400% greater than 92.so,
Let the total of 92 be x
x +400%x=400
x=80
Intern
Joined: 31 Oct 2009
Posts: 38
Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

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31 Oct 2009, 20:28
tejal777 wrote:
The total of Company C's assets in 1994 was 300 percent 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 tht total of Company C's assets, in dollars, in 1994?

A) 7N
B) 8N
C) 9N
D) 12N
E) 20N

Ans:E

I need to know what is wrong in my approach below:
.........................

Let the total in 93 be 100
Then the total in 94 becomes 400(300% greater)
Now,it's said that the total in 94 was 400% greater than 92.so,
Let the total of 92 be x
x +400%x=400
x=80

so now we have the totals:
92:80
92:100
94:400

now,the question states that 80 = N
therefore total of 94, 400= 5N

hmmm..?

If 1992=$100 1993=$500 ($100 * 4) +$100
1994=$2000 ($500 * 3) + \$500

1994=20*1992
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Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

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30 Dec 2014, 05:22
Good Question. Bumping for practice.
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Regards,

S

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Math Expert
Joined: 02 Sep 2009
Posts: 39706
Re: The total of Company C's assets in 1994 was 300% greater [#permalink]

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30 Dec 2014, 07:21
Expert's post
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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% greater than the total in 1992. If the total of company C's assets in in 1992 was N dollars, which one of the following represents company C's assets in 1994:

A. 7N
B. 8N
C. 9N
D. 12N
E. 20N

300% greater - means 4 times as many;
400% greater - means 5 times as many.

If in initial year was n dollars, so in two years it will be n*5*4=20n.

OPEN DISCUSSION OF THIS QUESTION IS HERE: the-total-of-company-c-s-assets-in-1994-was-300-greater-tha-89593.html
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Re: The total of Company C's assets in 1994 was 300% greater   [#permalink] 30 Dec 2014, 07:21
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