GRE Prep 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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2506
Given Kudos: 1053
GPA: 3.39
The total of company C's assets in 1994 was 300% greater than the tota
[#permalink]
28 Dec 2022, 09:48
28 Dec 2022, 09:48
Expert Reply
00:00
Question Stats:
80% (02:44) correct
20% (04:08) wrong based on 5 sessions
Hide Show 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
A. 7N
B. 8N
C. 9N
D. 12N
E. 20N
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2506
Given Kudos: 1053
GPA: 3.39
Re: The total of company C's assets in 1994 was 300% greater than the tota
[#permalink]
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
[#permalink]
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
