• 5 Day FREE Trial
Study Smarter, Not Harder

Available with Beat the GMAT members only code

• Free Veritas GMAT Class
Experience Lesson 1 Live Free

Available with Beat the GMAT members only code

• 1 Hour Free
BEAT THE GMAT EXCLUSIVE

Available with Beat the GMAT members only code

• 5-Day Free Trial
5-day free, full-access trial TTP Quant

Available with Beat the GMAT members only code

• Free Trial & Practice Exam
BEAT THE GMAT EXCLUSIVE

Available with Beat the GMAT members only code

• Free Practice Test & Review
How would you score if you took the GMAT

Available with Beat the GMAT members only code

• Get 300+ Practice Questions

Available with Beat the GMAT members only code

• Magoosh
Study with Magoosh GMAT prep

Available with Beat the GMAT members only code

• Award-winning private GMAT tutoring
Register now and save up to $200 Available with Beat the GMAT members only code ## Each person who attended a company (OG2016) This topic has 1 expert reply and 1 member reply boomgoesthegmat Senior | Next Rank: 100 Posts Joined 25 Apr 2016 Posted: 93 messages Thanked: 1 times #### Each person who attended a company (OG2016) Fri May 06, 2016 12:31 pm Elapsed Time: 00:00 • Lap #[LAPCOUNT] ([LAPTIME]) Each person who attended a company meeting was either a stockholder in the company, an employee of the company, or both. If 62 percent of those who attended the meeting were stockholders and 47 percent were employees, what percent were stockholders who were not employees? A) 34% B) 38% C) 45% D) 53% E) 62% OA: D Need free GMAT or MBA advice from an expert? Register for Beat The GMAT now and post your question in these forums! OptimusPrep Master | Next Rank: 500 Posts Joined 13 Mar 2015 Posted: 410 messages Followed by: 7 members Thanked: 120 times GMAT Score: 770 Sat May 07, 2016 7:47 pm boomgoesthegmat wrote: Each person who attended a company meeting was either a stockholder in the company, an employee of the company, or both. If 62 percent of those who attended the meeting were stockholders and 47 percent were employees, what percent were stockholders who were not employees? A) 34% B) 38% C) 45% D) 53% E) 62% OA: D Since we are talking in percentages here, the total will always be 0. Stockholders = 62% Employees = 47% Both = (62 + 47) - 100 = 9% Hence stockholders who were not employees = only stockholders = 62 - 9 = 53% Correct Option: D _________________ Ankur 99th Percentile GMAT Tutor | Optimus Prep™ Optimus Prep™ GMAT Courses: www.Optimus-Prep.com/GMAT Free Online Trial Hour: http://www.optimus-prep.com/request-free-online-trial-hour/ Free GMAT Study Plan: http://www.optimus-prep.com/ebook/ Optimus Prep™ Rates: GMAT Private Tutoring Online:$80-100/hr.*
GMAT Private Tutoring In-Person: $130-150/hr.* GMAT On Demand Course:$299 (Use Discount Code BEATTHEGMAT111)*

*All GMAT Courses Have A 50 Points Score Improvement Or Full Refund Guarantee

### GMAT/MBA Expert

Matt@VeritasPrep GMAT Instructor
Joined
12 Sep 2012
Posted:
2560 messages
Followed by:
113 members
Thanked:
581 times
Target GMAT Score:
V51
GMAT Score:
780
Thu May 12, 2016 12:24 am
62 + 47 = 109, but the company can be at most 100%.

That means that 9% of the company are BOTH, since these people are counted TWICE, and send us over 100.

Hence 9% are stockholders and employees, meaning that 62% - 9%, or 53%, are solely stockholders.

Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!

### Best Conversation Starters

1 Vincen 180 topics
2 lheiannie07 65 topics
3 Roland2rule 49 topics
4 ardz24 40 topics
5 LUANDATO 16 topics
See More Top Beat The GMAT Members...

### Most Active Experts

1 Brent@GMATPrepNow

GMAT Prep Now Teacher

146 posts
2 Rich.C@EMPOWERgma...

EMPOWERgmat

103 posts
3 GMATGuruNY

The Princeton Review Teacher

100 posts
4 EconomistGMATTutor

The Economist GMAT Tutor

92 posts
5 Jay@ManhattanReview

Manhattan Review

79 posts
See More Top Beat The GMAT Experts