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From his monthly income Tim spent 5 times as much money on r

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anuppatel012
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From his monthly income Tim spent 5 times as much money on r [#permalink] New post   21 Jul 2019, 05:14
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From his monthly income Tim spent 5 times as much money on rent and utilities as the amount he spent on groceries. He was left with $500, which he deposited in his savings account. The ratio of money saved to money spent of Groceries is 3:5.

Quantity A
Quantity B
$5000
Tim's Monthly Income



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.
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B
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anuppatel012
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Re: Quant Comparison [#permalink] New post   21 Jul 2019, 07:12
2
I solved it this way Janani
Amount spent of Groceries (G) and amount spent on Rent & Utilities (R)
Savings = $500
Given Condition: R = 5*G

Savings = Income - G - R = Income - G - 5G = Income - 6G
500 = Income - 6G
Income = 500+6G ->(1)

Savings/ Groceries = 3/5
500 / G = 3 / 5

G = (5 / 3) * 500

from (1) we get Income = 5500

QA < QB

Hope it helps (you got the as much money thing wrong)
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dare90
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Re: Quant Comparison [#permalink] New post   21 Jul 2019, 13:07
1
let the total income=Y
money spent on groceries=x
money spent on rent and utilities=5x
money left for savings=Y-(5x+x)=500; Y-6x=500
500/x=3/5; x=2500/3
thus, Y-6*2500/3=500
Y=$5500
ANS:B
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AlaminMolla
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Re: Quant Comparison [#permalink] New post   22 Jul 2019, 18:08
janani11 wrote:
$500 was left from the income and which he deposited in his savings account
Amount spent on groceries = X
x/500=3/5
X = 300 is the amount spent on groceries.
Rent and utilities = 5*x = 1500
Tim’s monthly income = 1500+300+500 = 2300.
Quantity A is greater.


I guess it should be like,

500/x =3/5
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spheal
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Re: From his monthly income Tim spent 5 times as much money on r [#permalink] New post   20 Oct 2019, 11:18
Thanks!
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brkztrk
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Re: From his monthly income Tim spent 5 times as much money on r [#permalink] New post   30 Oct 2019, 10:17
$5500 which makes B greater than A
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Re: From his monthly income Tim spent 5 times as much money on r [#permalink] New post   28 Feb 2021, 11:29
Hello from the GRE Prep Club BumpBot!

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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Re: From his monthly income Tim spent 5 times as much money on r [#permalink]
28 Feb 2021, 11:29
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