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robanm90
Joined: 08 Jan 2015
Last visit: 22 Aug 2017
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Schools: CBS '18 Wharton '18 HBS '18 Stanford '18 Sloan '18 Booth PT '18 Haas '18 Kelley '18 Yale '18 Stern '18 Duke Fuqua McDonough '19 (A) Darden '19 (S)
GMAT Date: 08-28-2015
GMAT 1: 650 Q48 V33
GPA: 4
WE:Engineering (Commercial Banking)
Schools: CBS '18 Wharton '18 HBS '18 Stanford '18 Sloan '18 Booth PT '18 Haas '18 Kelley '18 Yale '18 Stern '18 Duke Fuqua McDonough '19 (A) Darden '19 (S)
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11 Jul 2015, 12:05
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
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Question Stats:
85% (00:54) correct
15%
(00:52)
wrong
based on 120
sessions
History
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Time
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Not Attempted Yet
Over a ten-year period Pat's income rose from $15,000 to $35,000. What was the percent increase in her income?
A) 33 [1][/3]%
B) 42.8%
C) 133 [1][/3]%
D) 142.8%
E) 233 [1][/3] %
A) 33 [1][/3]%
B) 42.8%
C) 133 [1][/3]%
D) 142.8%
E) 233 [1][/3] %
12 Jul 2015, 00:25
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robanm90
income rose from $15,000 to $35,000
so % increase= \(\frac{20000}{15000}*100=\frac{400}{3}=133 \frac{1}{3}\)
ans C
12 Jul 2015, 00:50
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robanm90
% Increase(+)/Decrease(-) = \(\frac{(Final_Value - Initial_Value)}{Initial_Value}*100\)
Final Value = $35,000
Initial Value = $15,000
% Increase(+)/Decrease(-) = \(\frac{(35000 - 15000)}{15000}*100\)
% Increase(+)/Decrease(-) = \(\frac{(20000)}{15000}*100 = 133.33%\)
Answer: Option C
