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At the end of April, the price of fuel was 40% greater than
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10 Jun 2018, 04:38
10 Jun 2018, 04:38
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78% (01:03) correct
21% (00:57) wrong based on 90 sessions
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At the end of April, the price of fuel was 40% greater than the price at the beginning of the month. At the end of May, the price of fuel was 30% greater than the price at the end of April.
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Quantity A |
Quantity B |
The price increase in April |
The price increase in May |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Re: At the end of April, the price of fuel was 40% greater than
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11 Jul 2018, 13:39
11 Jul 2018, 13:39
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Explanation
Call the original price x. At the end of April, the total price was 1.4x. The price increase in April was 1.4x – 1x = 0.4x.
In May, the price increased an additional 30% over April’s final price of 1.4x. Thus, the price at the end of May was (1.3)(1.4)x, or 1.82x. The price increase in May was 1.82x – 1.4x = 0.42x.
Since x is positive, 0.42x (42% of x) is greater than 0.4x (40% of x). Quantity B is greater.
Alternatively, use smart numbers. If the original price was $100, April’s increase would result in a price of $140 and May’s increase would be (1.3)(140) = $182. Thus, April’s increase was $40 and May’s increase was $42. May’s increase will be greater no matter what number is used as the starting price (it is reasonable in GRE problems to assume that a price must be a positive number).
Call the original price x. At the end of April, the total price was 1.4x. The price increase in April was 1.4x – 1x = 0.4x.
In May, the price increased an additional 30% over April’s final price of 1.4x. Thus, the price at the end of May was (1.3)(1.4)x, or 1.82x. The price increase in May was 1.82x – 1.4x = 0.42x.
Since x is positive, 0.42x (42% of x) is greater than 0.4x (40% of x). Quantity B is greater.
Alternatively, use smart numbers. If the original price was $100, April’s increase would result in a price of $140 and May’s increase would be (1.3)(140) = $182. Thus, April’s increase was $40 and May’s increase was $42. May’s increase will be greater no matter what number is used as the starting price (it is reasonable in GRE problems to assume that a price must be a positive number).
Re: At the end of April, the price of fuel was 40% greater than
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29 Aug 2024, 06:19
29 Aug 2024, 06:19
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
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