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Gerald bought a used motorcycle for $1,200 and spent $305
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27 May 2018, 12:18
27 May 2018, 12:18
Expert Reply
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Question Stats:
95% (00:35) correct
4% (00:48) wrong based on 61 sessions
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Gerald bought a used motorcycle for $1,200 and spent $305 repairing it. He then sold the motorcycle for 20% more than the total amount he spent for purchase and repairs.
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
Quantity A |
Quantity B |
The final selling price of the motorcycle |
$1800 |
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
Re: Gerald bought a used motorcycle for $1,200 and spent $305
[#permalink]
27 May 2018, 14:04
27 May 2018, 14:04
Expert Reply
Explanation
Gerald spent $1,200 + $305 = $1,505 total on purchase and repairs.
The selling price was 20% more, or 1.2 times this amount. Either plug 1.2 × 1,505 into the calculator to get $1,806, or recognize that 1.2 of $1,500 is exactly $1,800, so Quantity A is a little more than that.
Gerald spent $1,200 + $305 = $1,505 total on purchase and repairs.
The selling price was 20% more, or 1.2 times this amount. Either plug 1.2 × 1,505 into the calculator to get $1,806, or recognize that 1.2 of $1,500 is exactly $1,800, so Quantity A is a little more than that.
gmatclubot
Re: Gerald bought a used motorcycle for $1,200 and spent $305 [#permalink]
27 May 2018, 14:04
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