Last visit was: 25 Apr 2024, 21:11 It is currently 25 Apr 2024, 21:11

Close
GMAT 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 GMAT 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
GMAT Instructor
Joined: 04 Jul 2006
Posts: 960
Own Kudos [?]: 693 [0]
Given Kudos: 6
Location: Madrid
 Q51  V50
Send PM
User avatar
Manager
Manager
Joined: 25 Jul 2006
Posts: 64
Own Kudos [?]: 108 [1]
Given Kudos: 0
Send PM
Retired Moderator
Joined: 05 Jul 2006
Posts: 849
Own Kudos [?]: 1562 [0]
Given Kudos: 49
Send PM
User avatar
Manager
Manager
Joined: 12 Feb 2006
Posts: 70
Own Kudos [?]: 260 [0]
Given Kudos: 0
Send PM
Re: A bank transfers a sum of money to Mr. Cathrall, who spends [#permalink]
I'm getting E, but I have a question. The 260,000, is that the amount that Cathrall got from the bank or Leeds.

Maybe I'm reading this wrong, but either way I get E.
avatar
Director
Director
Joined: 03 Jan 2005
Posts: 971
Own Kudos [?]: 769 [0]
Given Kudos: 0
Send PM
Re: A bank transfers a sum of money to Mr. Cathrall, who spends [#permalink]
Just want to make sure we all know that the x here should be what Mr Leed receives, not what the bank paid out.
User avatar
Manager
Manager
Joined: 30 Aug 2006
Posts: 223
Own Kudos [?]: 236 [0]
Given Kudos: 0
Send PM
Re: A bank transfers a sum of money to Mr. Cathrall, who spends [#permalink]
:shock: :shock: :shock:

got A, bear with me the equation is nasty :roll:

(0.8(2/3(0.75(x - 20) - 15) - 5) -5) + x = 260

simplifies to x = 200k

Mr C -> Mrs C:

3/4(x - 20) = 3/4(180) = 135

Mrs C -> Mr L:

2/3(135 - 15) = 80


EDIT: i took what he recieves to mean what he originally gets from the bank and what he gets back at the end.
avatar
Manager
Manager
Joined: 05 Oct 2006
Posts: 157
Own Kudos [?]: 45 [0]
Given Kudos: 0
Send PM
Re: A bank transfers a sum of money to Mr. Cathrall, who spends [#permalink]
choice d.
what's the oa???

((2600000-20000)*.75 - 15000)*2/3= 110,000


kevincan wrote:
A bank transfers a sum of money to Mr. Cathrall, who spends $20,000 of the amount sent to him and transfers 75% of the the money remaining to Mrs. Carlyle, who spends $15,000 of the amount she receives it before transferring 2/3 of the money remaining to Mr. Leeds, who spends $5,000 and transfers 4/5 of the money remaining back to Mr. Cathrall. Assuming that the bank transfers were made at no cost, how much money did Mrs. Carlyle transfer to Mr. Leeds if Mr. Cathrall received $260,000 in all?

(A) $80,000 (B) $90,000 (C) $100,000 (D) $110,000 (E) none of the above




Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Problem Solving (PS) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
GMAT Club Bot
Re: A bank transfers a sum of money to Mr. Cathrall, who spends [#permalink]
Moderators:
Math Expert
92915 posts
Senior Moderator - Masters Forum
3137 posts

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