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GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2506
Given Kudos: 1055
GPA: 3.39
Ann can have her bicycle repaired for $50, or she can trade it in, as
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31 Jan 2023, 00:31
31 Jan 2023, 00:31
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Question Stats:
80% (01:15) correct
20% (01:14) wrong based on 5 sessions
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Ann can have her bicycle repaired for $50, or she can trade it in, as is, and receive $22 credit toward the purchase of a new bicycle that sells for $107. If Ann trades in her current bicycle, the cost to her of purchasing the new bicycle is what percent greater than the cost of having her current bicycle repaired?
A. 44%
B. 60%
C. 70%
D. 114%
E. 170%
A. 44%
B. 60%
C. 70%
D. 114%
E. 170%
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2506
Given Kudos: 1055
GPA: 3.39
Re: Ann can have her bicycle repaired for $50, or she can trade it in, as
[#permalink]
01 Feb 2023, 21:44
01 Feb 2023, 21:44
Expert Reply
The cost for repair is $50;
The cost of the new bicycle is $107-$22=$85;
So, the cost to Ann of purchasing the new bicycle is \(\frac{85-50}{50}*100=70%\) greater than the cost of having her current bicycle repaired.
Answer: C
The cost of the new bicycle is $107-$22=$85;
So, the cost to Ann of purchasing the new bicycle is \(\frac{85-50}{50}*100=70%\) greater than the cost of having her current bicycle repaired.
Answer: C
Re: Ann can have her bicycle repaired for $50, or she can trade it in, as
[#permalink]
22 Dec 2024, 20:09
22 Dec 2024, 20:09
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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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