Last visit was: 18 Dec 2024, 03:12 It is currently 18 Dec 2024, 03:12

Close

GRE Prep Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GRE score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
avatar
Intern
Intern
Joined: 20 May 2019
Posts: 31
Own Kudos [?]: 83 [3]
Given Kudos: 0
Send PM
avatar
Retired Moderator
Joined: 21 Sep 2019
Posts: 160
Own Kudos [?]: 174 [0]
Given Kudos: 0
Send PM
avatar
Manager
Manager
Joined: 27 Nov 2019
Posts: 78
Own Kudos [?]: 200 [0]
Given Kudos: 0
Send PM
User avatar
MyGuru Representative
Joined: 09 Apr 2020
Posts: 35
Own Kudos [?]: 41 [2]
Given Kudos: 0
Send PM
Re: Mary’s annual income is [#permalink]
2
Expert Reply
dvk007 wrote:
Mary’s annual income is $15,000 and John’s annual income is $18,000. By how much must Mary’s annual income increase so that it constitutes 55% of Mary and John’s combined income?

(A) $3,000
(B) $4,000
(C) $7,000
(D) $11,000
(E) $25,000


If Mary's income (after the increase) is 55% of the combined total, that means that John's income (which is fixed at 18,000), must be 45% of the total (T).

So \(18,000=.45t\), or \(t = \frac{18,000}{0.45} = 40,000\).

That means that Mary's new income would be \(40,000 - 18,000 = 22,000\), which is \($7,000\) more than she has now.

Answer: C
Verbal Expert
Joined: 18 Apr 2015
Posts: 30352
Own Kudos [?]: 36747 [0]
Given Kudos: 26080
Send PM
Mary’s annual income is $15,000 and John’s annual income is $18,000. B [#permalink]
Expert Reply
Mary’s annual income is $15,000 and John’s annual income is $18,000. By how much must Mary’s annual income increase so that it constitutes 55% of Mary and John’s combined income?

(A) $3,000
(B) $4,000
(C) $7,000
(D) $11,000
(E) $25,000
Moderator
Moderator
Joined: 02 Jan 2020
Status:GRE Quant Tutor
Posts: 1115
Own Kudos [?]: 974 [1]
Given Kudos: 9
Location: India
Concentration: General Management
Schools: XLRI Jamshedpur, India - Class of 2014
GMAT 1: 700 Q51 V31
GPA: 2.8
WE:Engineering (Computer Software)
Send PM
Re: Marys annual income is [#permalink]
1
Given that Mary’s annual income is $15,000 and John’s annual income is $18,000. And we need to find By how much must Mary’s annual income increase so that it constitutes 55% of Mary and John’s combined income?

Let Mary's income increase by x, then the equation will be
15,000 + x= (55/100)* (15,000 + x + 18000 )
15,000 + x = (11/20) * (33,000 + x)
300,000 + 20x = 11x + 363,000
9 x = 63,000
x = 7,000

So, Answer will be C
Hope it helps!
Prep Club for GRE Bot
Re: Marys annual income is [#permalink]
Moderators:
GRE Instructor
88 posts
GRE Forum Moderator
37 posts
Moderator
1115 posts
GRE Instructor
234 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne