The population of a small beach town on Australia's east coast grows by 50%
from May 1 to June 1 and then grows by another 50% from June 1 to July 1. The
population then decreases by 11.11% from July 1 to August 1. By approximately
what percentage has the population grown from May 1 to August 1?
(A) 50%
(B) 90%
(C) 100%
(D) 200%
(E) 225%
Source : Veritas Prep
OA=C
The population of a small beach town on Australia’s east c
This topic has expert replies
-
- Master | Next Rank: 500 Posts
- Posts: 157
- Joined: Sat Nov 19, 2016 5:34 am
- Thanked: 2 times
- Followed by:4 members
- GMATinsight
- Legendary Member
- Posts: 1100
- Joined: Sat May 10, 2014 11:34 pm
- Location: New Delhi, India
- Thanked: 205 times
- Followed by:24 members
50% growth = x+50% of x = x+(x/2)=(3/2)xziyuenlau wrote:The population of a small beach town on Australia's east coast grows by 50%
from May 1 to June 1 and then grows by another 50% from June 1 to July 1. The
population then decreases by 11.11% from July 1 to August 1. By approximately
what percentage has the population grown from May 1 to August 1?
(A) 50%
(B) 90%
(C) 100%
(D) 200%
(E) 225%
Source : Veritas Prep
OA=C
Also 1/9 = 11.11%
So population after first growth = (3/2)x
So population after Second growth = (3/2)*(3/2)*x
So population after Decline = (8/9)*(3/2)*(3/2)*x = 2x
i.e. Population grew by 100% in total
Answer: Option C
"GMATinsight"Bhoopendra Singh & Sushma Jha
Most Comprehensive and Affordable Video Course 2000+ CONCEPT Videos and Video Solutions
Whatsapp/Mobile: +91-9999687183 l [email protected]
Contact for One-on-One FREE ONLINE DEMO Class Call/e-mail
Most Efficient and affordable One-On-One Private tutoring fee - US$40-50 per hour
Most Comprehensive and Affordable Video Course 2000+ CONCEPT Videos and Video Solutions
Whatsapp/Mobile: +91-9999687183 l [email protected]
Contact for One-on-One FREE ONLINE DEMO Class Call/e-mail
Most Efficient and affordable One-On-One Private tutoring fee - US$40-50 per hour
GMAT/MBA Expert
- [email protected]
- Elite Legendary Member
- Posts: 10392
- Joined: Sun Jun 23, 2013 6:38 pm
- Location: Palo Alto, CA
- Thanked: 2867 times
- Followed by:511 members
- GMAT Score:800
Hi ziyuenlau,
This question can be solved by TESTing VALUES.
Let's start with a population of 100 on May 1st...
The population grows by 50%.... 100 + 100(.5) = 150
Then it grows by another 50%... 150 + 150(.5) = 225
Then it decreases by 11.11%.... 225 - 225(1/9) = 200
In total, the population grew from 100 to 200. You might recognize that that is a 100% increase, but you can also use the Percent Change Formula to prove it...
(200 - 100)/100 = 100/100 = 1 = 100%
Final Answer: C
GMAT assassins aren't born, they're made,
Rich
This question can be solved by TESTing VALUES.
Let's start with a population of 100 on May 1st...
The population grows by 50%.... 100 + 100(.5) = 150
Then it grows by another 50%... 150 + 150(.5) = 225
Then it decreases by 11.11%.... 225 - 225(1/9) = 200
In total, the population grew from 100 to 200. You might recognize that that is a 100% increase, but you can also use the Percent Change Formula to prove it...
(200 - 100)/100 = 100/100 = 1 = 100%
Final Answer: C
GMAT assassins aren't born, they're made,
Rich
GMAT/MBA Expert
- ceilidh.erickson
- GMAT Instructor
- Posts: 2095
- Joined: Tue Dec 04, 2012 3:22 pm
- Thanked: 1443 times
- Followed by:247 members
Here is some general advice that I always have my students follow: LOOK AT THE ANSWER CHOICES FOR TRAPS & CLUES BEFORE STARTING TO SOLVE.
On a PERCENT CHANGE problem, the most common trap that test writers will set is to include a trap answer for PERCENT OF rather than percent CHANGE. And 'percent of' is always 100 more than 'percent change.'
As the other posters have demonstrated, the initial population of x doubles to 2x by the end of the season. It would be tempting to pick 200%... and that's an answer option! But going from x --> 2x is an increase of 100%.
When I looked at the answer choices before doing any math, I noticed that 100 and 200 are the only two answer options that are 100 apart. So - without doing any work - I figured that 100 was probably the right answer, and 200 was probably the trap.
On a PERCENT CHANGE problem, the most common trap that test writers will set is to include a trap answer for PERCENT OF rather than percent CHANGE. And 'percent of' is always 100 more than 'percent change.'
As the other posters have demonstrated, the initial population of x doubles to 2x by the end of the season. It would be tempting to pick 200%... and that's an answer option! But going from x --> 2x is an increase of 100%.
When I looked at the answer choices before doing any math, I noticed that 100 and 200 are the only two answer options that are 100 apart. So - without doing any work - I figured that 100 was probably the right answer, and 200 was probably the trap.
Ceilidh Erickson
EdM in Mind, Brain, and Education
Harvard Graduate School of Education
EdM in Mind, Brain, and Education
Harvard Graduate School of Education
GMAT/MBA Expert
- Jeff@TargetTestPrep
- GMAT Instructor
- Posts: 1462
- Joined: Thu Apr 09, 2015 9:34 am
- Location: New York, NY
- Thanked: 39 times
- Followed by:22 members
We can let the initial population = n.hazelnut01 wrote:The population of a small beach town on Australia's east coast grows by 50%
from May 1 to June 1 and then grows by another 50% from June 1 to July 1. The
population then decreases by 11.11% from July 1 to August 1. By approximately
what percentage has the population grown from May 1 to August 1?
(A) 50%
(B) 90%
(C) 100%
(D) 200%
(E) 225%
After the town grows by 50%, then another 50%, and then decreases by 11.11%, we have:
n(3/2)(3/2)(8/9) = 72n/36 = 2n
Let's determine the percentage increase:
(2n - n)/n x 100 = n/n x 100 = 100%
Answer: C
Jeffrey Miller
Head of GMAT Instruction
[email protected]
See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews
GMAT/MBA Expert
- ceilidh.erickson
- GMAT Instructor
- Posts: 2095
- Joined: Tue Dec 04, 2012 3:22 pm
- Thanked: 1443 times
- Followed by:247 members
Here is another post that exemplifies the importance of this strategy: https://www.beatthegmat.com/m-is-the-sum ... tml#793900ceilidh.erickson wrote:Here is some general advice that I always have my students follow: LOOK AT THE ANSWER CHOICES FOR TRAPS & CLUES BEFORE STARTING TO SOLVE.
And here is an article you should read to help you practice: https://www.manhattanprep.com/gmat/blog ... -pen-down/
Ceilidh Erickson
EdM in Mind, Brain, and Education
Harvard Graduate School of Education
EdM in Mind, Brain, and Education
Harvard Graduate School of Education
GMAT/MBA Expert
- Jay@ManhattanReview
- GMAT Instructor
- Posts: 3008
- Joined: Mon Aug 22, 2016 6:19 am
- Location: Grand Central / New York
- Thanked: 470 times
- Followed by:34 members
Another approach to this question.hazelnut01 wrote:The population of a small beach town on Australia's east coast grows by 50%
from May 1 to June 1 and then grows by another 50% from June 1 to July 1. The
population then decreases by 11.11% from July 1 to August 1. By approximately
what percentage has the population grown from May 1 to August 1?
(A) 50%
(B) 90%
(C) 100%
(D) 200%
(E) 225%
Source : Veritas Prep
OA=C
Since we have to deal with 50% = 1/2; 50% = 1/2; and 11.11% = 1/9, we can assume that the initial population is 36 (multiple of denominators of 1/2, 1/2, and 1/9).
Thus,
Population by June 1 = 36 + 36x1/2 = 54
Population by July 1 = 54 + 54x1/2 = 81
Population by Aug 1 = 81 - 81x1/9 = 72
We see that population doubles ( 72 from 36). Or the population rose by 100%.
The correct answer: C
Hope this helps!
Relevant book: Manhattan Review GMAT Math Essentials Guide
-Jay
_________________
Manhattan Review GMAT Prep
Locations: New York | Beijing | Auckland | Milan | and many more...
Schedule your free consultation with an experienced GMAT Prep Advisor! Click here.