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At Megalomania Industries, factory workers were paid $20 pe  Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: Moderator Joined: 18 Apr 2015 Posts: 2105 Followers: 29 Kudos [?]: 308 [0], given: 1259 At Megalomania Industries, factory workers were paid$20 pe [#permalink]  24 May 2017, 01:50
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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%
[Reveal] Spoiler: OA

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Re: At Megalomania Industries, factory workers were paid $20 pe [#permalink] 10 Oct 2017, 09:19 The percent decrease in employees salary is \frac{10-20}{20}*100 = 50%, while the percent increase in the ceo salary is \frac{50-5}{5}*100 = 900%. Then, the percent increase of the ceo salary is \frac{900-50}{50}*100 = 1700% greater than the employees' percent decrease in salary Re: At Megalomania Industries, factory workers were paid$20 pe   [#permalink] 10 Oct 2017, 09:19
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