GRE Sample Test 1 Quantitative Reasoning 2

Question : 13 of 20

Marks: +1, -0

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 in 1990 and

\$

50 million in 2000. The percent increase in the pay of Megalomania’s CEO from 1990 to 2000 was what percent greater than the percent decrease in the hourly pay of Megalomania’s factory workers over the same period?

850%
900%
950%
1,700%
1,900%

Validate

Solution:

The percent increase in the CEO’s pay was

{\$50-\$5}/5 × 100%

= 900 percent.
The percent decrease in the factory workers’ pay was

{\$20-\$10}/{20} × 100%

= 50 percent.
To find what percent greater 900 percent is than 50 percent, do the following:

{900%-50%}/{50%} × 100%

= 1,700 percent, or (D).

Go to Question:

Prev Question

Next Question