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At Megalomania Industries, factory workers were paid $20 pe
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24 May 2017, 01:50
24 May 2017, 01:50
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Question Stats:
34% (02:00) correct
65% (01:45) wrong based on 126 sessions
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At Megalomania Industries, factory workers were paid $20 per hour in 1990 and $10 per hour in 2000. The CEO of Megalomania Industries was paid $5 million per year in 1990 and $50 million per year in 2000. The percent increase in the pay of Megalomania’s CEO from 1990 to 2000 was what percent greater than the percent the decrease in the hourly pay of Megalomania’s factory workers over the same period?
A) 850%
B) 900%
C) 950%
D) 1,700%
E) 1,900%
Re: At Megalomania Industries, factory workers were paid $20 pe
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10 Oct 2017, 09:19
10 Oct 2017, 09:19
2
The percent decrease in employees salary is \(\frac{10-20}{20}*100 = 50%\), while the percent increase in the ceo salary is \(\frac{50-5}{5}*100 = 900%\).
Then, the percent increase of the ceo salary is \(\frac{900-50}{50}*100 = 1700%\) greater than the employees' percent decrease in salary
Then, the percent increase of the ceo salary is \(\frac{900-50}{50}*100 = 1700%\) greater than the employees' percent decrease in salary
Re: At Megalomania Industries, factory workers were paid $20 pe
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07 Feb 2019, 02:21
07 Feb 2019, 02:21
Quote:
Then, the percent increase of the ceo salary is 900−5050∗100=1700900−5050∗100=1700 greater than the employees' percent decrease in salary
This seems wrong, your approach is looking for the percentage change.
When we use the word "Greater" , we are looking for the ratio
@Carcass
Please help.
