Oct 15 08:00 PM PDT  11:00 PM PDT Online GRE tutoring, like our inperson GRE tutoring, leverages the Official Guide to the GRE Revised General Test. We begin with a diagnostic session to help create a manageable study plan that includes a customized curriculum. Oct 14 08:00 PM PDT  09:00 PM PDT Join a 4day FREE online boot camp to kick off your GRE preparation and get you into your dream grad school in the upcoming deadlines.**Limited for the first 99 registrants. Oct 16 03:00 PM PDT  04:00 PM PDT This admissions guide will help you plan your best route to a PhD by helping you choose the best programs your goals, secure strong letters of recommendation, strengthen your candidacy, and apply successfully. Oct 16 08:00 PM PDT  09:00 PM PDT Come and check out 500 basic GRE words on Quizlet (check out their various study options/games) Oct 17 06:00 PM PDT  07:00 PM PDT Take a free practice test, attend a sample class with one of our highestrated teachers, or challenge yourself with a GRE® bootcamp. Reserve your seat in a live event. Dates and times vary. Oct 19 10:00 PM PDT  11:00 PM PDT Economist GRE Tutor’s plans all come with a set of practice exams that mirror the official GRE test. Our academic team worked hard to make sure that the practice tests are the closest experience you can get to the real GRE exam. Free 7 day trial
Author 
Message 
TAGS:


Founder
Joined: 18 Apr 2015
Posts: 8412
Followers: 165
Kudos [?]:
1807
[0], given: 7766

At Megalomania Industries, factory workers were paid $20 pe [#permalink]
24 May 2017, 01:50
Question Stats:
26% (01:38) correct
73% (01:29) wrong based on 42 sessions
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%
_________________
Get the 2 FREE GREPrepclub Tests




Director
Joined: 03 Sep 2017
Posts: 520
Followers: 2
Kudos [?]:
373
[0], given: 66

Re: At Megalomania Industries, factory workers were paid $20 pe [#permalink]
10 Oct 2017, 09:19
The percent decrease in employees salary is \(\frac{1020}{20}*100 = 50%\), while the percent increase in the ceo salary is \(\frac{505}{5}*100 = 900%\).
Then, the percent increase of the ceo salary is \(\frac{90050}{50}*100 = 1700%\) greater than the employees' percent decrease in salary



Intern
Joined: 14 Jan 2019
Posts: 31
Followers: 0
Kudos [?]:
10
[0], given: 5

Re: At Megalomania Industries, factory workers were paid $20 pe [#permalink]
07 Feb 2019, 02:21
Quote: Then, the percent increase of the ceo salary is 900−5050∗100=1700900−5050∗100=1700 greater than the employees' percent decrease in salary
This seems wrong, your approach is looking for the percentage change. When we use the word "Greater" , we are looking for the ratio @Carcass Please help.



Founder
Joined: 18 Apr 2015
Posts: 8412
Followers: 165
Kudos [?]:
1807
[2]
, given: 7766

Re: At Megalomania Industries, factory workers were paid $20 pe [#permalink]
07 Feb 2019, 03:25
2
This post received KUDOS
We look for the difference between the starting value AND the end value OVER the initial value. Both. Workers \(\frac{2010}{20}= 0.5\) \(\frac{505}{5} = 9\) \(\frac{90.5}{0.5} = \frac{905}{5} = 17\) D is the answer without bother yourself to multiply * 100. Hope this helps
_________________
Get the 2 FREE GREPrepclub Tests



Supreme Moderator
Joined: 01 Nov 2017
Posts: 370
Followers: 7
Kudos [?]:
129
[0], given: 4

Re: At Megalomania Industries, factory workers were paid $20 pe [#permalink]
07 Feb 2019, 04:07
akingba wrote: Quote: Then, the percent increase of the ceo salary is 900−5050∗100=1700900−5050∗100=1700 greater than the employees' percent decrease in salary
This seems wrong, your approach is looking for the percentage change. When we use the word "Greater" , we are looking for the ratio @Carcass Please help. The question asks us . The percent increasein 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 so percent increase how much % greater than percent decrease.. The portion after than is in the BASE, so 50 is in the base.... Percent increase and percent decrease are positive, so 100*(90050)/50.. Also Carcass has explained the method above
_________________
Some useful Theory. 1. Arithmetic and Geometric progressions : https://greprepclub.com/forum/progressionsarithmeticgeometricandharmonic11574.html#p27048 2. Effect of Arithmetic Operations on fraction : https://greprepclub.com/forum/effectsofarithmeticoperationsonfractions11573.html?sid=d570445335a783891cd4d48a17db9825 3. Remainders : https://greprepclub.com/forum/remainderswhatyoushouldknow11524.html 4. Number properties : https://greprepclub.com/forum/numberpropertyallyourequire11518.html 5. Absolute Modulus and Inequalities : https://greprepclub.com/forum/absolutemodulusabetterunderstanding11281.html



Target Test Prep Representative
Joined: 12 Sep 2018
Posts: 190
Followers: 10
Kudos [?]:
117
[1]
, given: 0

Re: At Megalomania Industries, factory workers were paid $20 pe [#permalink]
12 Feb 2019, 19:45
1
This post received KUDOS
Carcass wrote: 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% 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
_________________
5star rated online GRE quant self study course See why Target Test Prep is the top rated GRE quant course on GRE Prep Club. Read Our Reviews




Re: At Megalomania Industries, factory workers were paid $20 pe
[#permalink]
12 Feb 2019, 19:45





