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GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2508
Given Kudos: 1053
GPA: 3.39
The total of company C's assets in 1994 was 300% greater than the tota
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28 Dec 2022, 09:48
28 Dec 2022, 09:48
Expert Reply
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Question Stats:
80% (02:44) correct
20% (04:08) wrong based on 5 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
A. 7N
B. 8N
C. 9N
D. 12N
E. 20N
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2508
Given Kudos: 1053
GPA: 3.39
Re: The total of company C's assets in 1994 was 300% greater than the tota
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30 Dec 2022, 23:21
30 Dec 2022, 23:21
Expert Reply
300% greater - means 4 times as many;
400% greater - means 5 times as many.
If in the initial year was \(n\) dollars, so in two years it will be n*5*4=20n.
Answer: E.
400% greater - means 5 times as many.
If in the initial year was \(n\) dollars, so in two years it will be n*5*4=20n.
Answer: E.
Retired Moderator
Joined: 10 Apr 2015
Posts: 6218
Given Kudos: 136
Re: The total of company C's assets in 1994 was 300% greater than the tota
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02 Jan 2023, 12:59
02 Jan 2023, 12:59
2
GeminiHeat 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
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
