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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2506
Given Kudos: 1055
GPA: 3.39
At a certain supplier, a machine of type A costs $20,000 and a machine
[#permalink]
21 Nov 2021, 05:15
21 Nov 2021, 05:15
1
Expert Reply
00:00
Question Stats:
60% (04:02) correct
40% (02:37) wrong based on 5 sessions
Hide Show timer Statistics
At a certain supplier, a machine of type A costs $20,000 and a machine of type B costs $50,000. Each machine can be purchased by making a 20 percent down payment and repaying the remainder of the cost and the finance charges over a period of time.If the finance charges= 40 percent of the rremainderof the cost, how much less would 2 machines of type A cost than 1 machine of type B?
A. $10,000
B. $11,200
C. $12,000
D. $12,800
E. $13,200
A. $10,000
B. $11,200
C. $12,000
D. $12,800
E. $13,200
Re: At a certain supplier, a machine of type A costs $20,000 and a machine
[#permalink]
22 Nov 2021, 11:17
22 Nov 2021, 11:17
1
Expert Reply
1 machine of type B will cost: 20% down payment of 50,000 = 10,000 plus remaining sum (50,000-10,000=40,000) with 40% of finance charges 40,000*1.4=56,000 --> 10,000+56,000=66,000;
2 machine of type A will cost: 20% down payment of 2*20,000 = 8,000 plus remaining sum (40,000-8,000=32,000) with 40% of finance charges 32,000*1.4=44,800 --> 8,000+44,800=52,800;
Difference = 66,000 - 52,800 = 13,200.
Answer: E.
2 machine of type A will cost: 20% down payment of 2*20,000 = 8,000 plus remaining sum (40,000-8,000=32,000) with 40% of finance charges 32,000*1.4=44,800 --> 8,000+44,800=52,800;
Difference = 66,000 - 52,800 = 13,200.
Answer: E.
gmatclubot
Re: At a certain supplier, a machine of type A costs $20,000 and a machine [#permalink]
22 Nov 2021, 11:17
Moderators:
