• e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer
  • Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep
  • EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors

Each person who attended a company (OG2016)

This topic has 1 expert reply and 1 member reply
boomgoesthegmat Senior | Next Rank: 100 Posts Default Avatar
Joined
25 Apr 2016
Posted:
93 messages
Thanked:
1 times

Each person who attended a company (OG2016)

Post 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
    Post 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

    Post 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 lheiannie07 116 topics
    2 ardz24 64 topics
    3 swerve 63 topics
    4 LUANDATO 62 topics
    5 M7MBA 57 topics
    See More Top Beat The GMAT Members...

    Most Active Experts

    1 image description Brent@GMATPrepNow

    GMAT Prep Now Teacher

    170 posts
    2 image description EconomistGMATTutor

    The Economist GMAT Tutor

    129 posts
    3 image description Rich.C@EMPOWERgma...

    EMPOWERgmat

    122 posts
    4 image description GMATGuruNY

    The Princeton Review Teacher

    121 posts
    5 image description Scott@TargetTestPrep

    Target Test Prep

    118 posts
    See More Top Beat The GMAT Experts