GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 17 Jun 2019, 00:00

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

The total of company C's assets in 1994 was 300% greater tha

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

Hide Tags

 
Intern
Intern
avatar
Joined: 28 Sep 2009
Posts: 34
Location: Toronto, Ontario, Canada
The total of company C's assets in 1994 was 300% greater tha  [#permalink]

Show Tags

New post 23 Jan 2010, 18:22
1
5
00:00
A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

63% (01:23) correct 37% (01:24) wrong based on 299 sessions

HideShow timer Statistics

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
Most Helpful Expert Reply
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 55623
The total of company C's assets in 1994 was 300% greater tha  [#permalink]

Show Tags

New post 24 Jan 2010, 01:28
3
3
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.

Answer: E.
_________________
General Discussion
Intern
Intern
User avatar
Joined: 21 Jan 2010
Posts: 48
Location: Canada
Re: PS question, please explain!  [#permalink]

Show Tags

New post 23 Jan 2010, 18:31
3
Parisa1362 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 in 1992 was N dollars, which one of the following represents company C's assets in 1994:

- 7N
- 8N
- 9N
-12N
- 20N

Answer: 20N please explain!



Profit in 1992 = N
Profit in 1993 = 4*N (400% of N) + N = 5N --- 400% greater really means 1993 is 5 times that of 1992.
Profit in 1994 = 3*1992 = 3*(5*N) = 15N + 5N = 20N -- 300% greater really means 1994 is 4 times that of 1993.
_________________
________________________________________________________________________
Andrew
http://www.RenoRaters.com
Senior Manager
Senior Manager
avatar
Joined: 15 Jan 2010
Posts: 258
Location: United States
Concentration: Finance, Strategy
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q51 V44
GPA: 3.54
WE: Consulting (Consulting)
Re: PS question, please explain!  [#permalink]

Show Tags

New post 23 Jan 2010, 18:33
1
Let's use actual numbers. Starting in 1992, let's say company C had $100 in assets.

In 1993, the total assets were 400% GREATER, which means 1992 PLUS 400% of 1992:
$100 + 4x$100 = $100 + $400 = $500

In 1994, the total assets were 300% GREATER than they were in 1993, which means 1993 PLUS 300% of 1993:
$500 + 3x$500 = $500 + $1500 = $2000

This is 20 times the 1992 number, so the correct answer is 20N.

EDIT: looks like i was beaten to the punch!
_________________
My blog: http://www.theapplicationist.blogspot.com/
My application status: http://gmatclub.com/forum/2012-profiles-w-admit-dings-results-no-discussion-116595.html#p983273
Intern
Intern
avatar
Joined: 20 Nov 2013
Posts: 11
Location: Italy
Concentration: International Business, Strategy
GPA: 3.6
GMAT ToolKit User
Re: The total of company C's assets in 1994 was 300% greater tha  [#permalink]

Show Tags

New post 11 Dec 2013, 10:38
1
1992=100 1993=+400% (100)=500 1994=+300%(1993)=2000

N=10, in 1994 must be 2000, so the ans is E
Manager
Manager
avatar
Joined: 18 Oct 2013
Posts: 69
Location: India
Concentration: Technology, Finance
GMAT 1: 580 Q48 V21
GMAT 2: 530 Q49 V13
GMAT 3: 590 Q49 V21
WE: Information Technology (Computer Software)
Re: The total of company C's assets in 1994 was 300% greater tha  [#permalink]

Show Tags

New post 11 Dec 2013, 12:21
It can be done alternatively with successive change without use of paper n pen.

Consecutive increase of 400% n 300% of N dollar.
So, Total change %= 400+300+(400*300)/100=1900%

So Net change = N=1900% of N=N+19N=20N
Intern
Intern
avatar
Joined: 19 Apr 2014
Posts: 1
Re: The total of company C's assets in 1994 was 300% greater tha  [#permalink]

Show Tags

New post 19 Apr 2014, 19:31
Let the asset in 1992 be 1.
In 1993 it becomes 400%, 1+ 4*1 ==> 5.
This 5 becomes 300%, 5 + 5*3 ==> 20.
Hence asset becomes 20 times.
SVP
SVP
User avatar
Status: The Best Or Nothing
Joined: 27 Dec 2012
Posts: 1796
Location: India
Concentration: General Management, Technology
WE: Information Technology (Computer Software)
Re: The total of company C's assets in 1994 was 300% greater tha  [#permalink]

Show Tags

New post 22 Apr 2014, 02:20
Assets in 93 = 100
Assets in 94 = 500 (Increase 400% = 100 + 400)
Assets in 95 = 2000 (Increase 300% = 500 + 1500)

Total rise from 93 to 95 is 20 times

Answer = 20N = E
_________________
Kindly press "+1 Kudos" to appreciate :)
Manager
Manager
User avatar
B
Joined: 16 May 2017
Posts: 51
GPA: 3.8
WE: Medicine and Health (Health Care)
Re: The total of company C's assets in 1994 was 300% greater tha  [#permalink]

Show Tags

New post 09 Aug 2018, 10:12
92 93 94
N 5N 20N

Answer (E)
CEO
CEO
User avatar
V
Joined: 12 Sep 2015
Posts: 3777
Location: Canada
Re: The total of company C's assets in 1994 was 300% greater tha  [#permalink]

Show Tags

New post 23 Feb 2019, 10:12
Top Contributor
Parisa1362 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 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


The total of company C's assets in 1992 was N dollars

Company C's assets in 1993 was 400% greater than the total in 1992
So, 1993 assets = (1992 assets) + (400% of 1992 assets)
= (N) + (400% of N)
= (N) + (400/100 x N)
= N + 4N
= 5N

Company C's assets in 1994 was 300% greater than the total in 1993,
So, 1994 assets = (1993 assets) + (300% of 1993 assets)
= (5N) + (300% of 5N)
= (5N) + (300/100 x 5N)
= (5N) + (15N)
= 20N

Answer: E

Cheers,
Brent
_________________
Test confidently with gmatprepnow.com
Image
GMAT Club Bot
Re: The total of company C's assets in 1994 was 300% greater tha   [#permalink] 23 Feb 2019, 10:12
Display posts from previous: Sort by

The total of company C's assets in 1994 was 300% greater tha

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


Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne