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100 points for $49 worth of Veritas practice GMATs FREE VERITAS PRACTICE GMAT EXAMS Earn 10 Points Per Post Earn 10 Points Per Thanks Earn 10 Points Per Upvote ## At Megalomania Industries, factory workers were paid$20 per

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## At Megalomania Industries, factory workers were paid $20 per ## Timer 00:00 ## Your Answer A B C D E ## Global Stats Difficult Princeton Review At Megalomania Industries, factory workers were paid$20 per hour in 1990 and $10 per hour in 2000. The CEO of Megalomania Industries was paid$5 million per year in 1990 and $50 million per year in 2000. The percent increase in the pay of Megalomania’s CEO from 1990 to 2000 was what percent greater than the percent the decrease in the hourly pay of Megalomania’s factory workers over the same period? A. 850% B. 900% C. 950% D. 1,700% E. 1,900% OA D ### GMAT/MBA Expert Elite Legendary Member Joined 23 Jun 2013 Posted: 10071 messages Followed by: 494 members Upvotes: 2867 GMAT Score: 800 Hi All, We're told that at Megalomania Industries, factory workers were paid$20 per hour in 1990 and $10 per hour in 2000 and the CEO of Megalomania Industries was paid$5 million per year in 1990 and $50 million per year in 2000. We're asked for what percent greater was the percent increase in the pay of Megalomania’s CEO from 1990 to 2000 was what percent greater than the percent the decrease in the hourly pay of Megalomania’s factory workers over the same period. This question is based on the Percent Change Formula: (New - Old)/(Old) = (Difference)/(Original) The CEO's salary percent increase = (50 million - 5 million)/(5 million) = 45/5 = 9 = 900% = 900% increase in salary The worker's hourly percent decrease = (10 - 20)/(20) = -10/20 = -1/2 = -50% = 50% decrease in hourly pay 900 is what percent greater than 50?.... (900 - 50)/(50) = 850/50 = 17 = 1700% greater Final Answer: D GMAT assassins aren't born, they're made, Rich _________________ Contact Rich at Rich.C@empowergmat.com ### GMAT/MBA Expert GMAT Instructor Joined 25 Apr 2015 Posted: 2006 messages Followed by: 14 members Upvotes: 43 AAPL wrote: Princeton Review At Megalomania Industries, factory workers were paid$20 per hour in 1990 and $10 per hour in 2000. The CEO of Megalomania Industries was paid$5 million per year in 1990 and $50 million per year in 2000. The percent increase in the pay of Megalomania’s CEO from 1990 to 2000 was what percent greater than the percent the decrease in the hourly pay of Megalomania’s factory workers over the same period? A. 850% B. 900% C. 950% D. 1,700% E. 1,900% OA D First, let’s calculate the percent decrease for the workers, using the formula (New - Old)/Old x 100: (10 - 20)/20 x 100 = 50% decrease Next we calculate the percent increase for the CEO: (50,000,000 - 5,000,000)/5,000,000 x 100 45,000,000/5,000,000 x 100 9 x 100 = 900% increase Thus: (900 - 50)/50 x 100 850/50 x 100 = 1700% Answer: D _________________ Scott Woodbury-Stewart Founder and CEO • 5-Day Free Trial 5-day free, full-access trial TTP Quant Available with Beat the GMAT members only code • Award-winning private GMAT tutoring Register now and save up to$200

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