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Each person who attended a company (OG2016)

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boomgoesthegmat Senior | Next Rank: 100 Posts Default Avatar
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Each person who attended a company (OG2016)

Post Fri May 06, 2016 12:31 pm
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

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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.

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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

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