Find all School-related info fast with the new School-Specific MBA Forum

It is currently 19 Dec 2014, 00:40

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.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

A company bought a load of water-damaged copy paper,

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
User avatar
Joined: 25 Jun 2003
Posts: 95
Followers: 1

Kudos [?]: 0 [0], given: 0

A company bought a load of water-damaged copy paper, [#permalink] New post 11 Aug 2003, 09:14
A company bought a load of water-damaged copy paper, estimating that 2/3 of the reams could be slavaged, in which case the cost per salvageable ream would be $0.72. If it later turned out that 3/4 of reams were salvageable, then what was the actual cost per salvageable ream ?
_________________

Brainless

SVP
SVP
User avatar
Joined: 03 Feb 2003
Posts: 1611
Followers: 6

Kudos [?]: 63 [0], given: 0

 [#permalink] New post 11 Aug 2003, 09:18
I remember I saw it in Princeton. A problem with a twist. I hate it.
Manager
Manager
avatar
Joined: 10 Jun 2003
Posts: 210
Location: Maryland
Followers: 2

Kudos [?]: 4 [0], given: 0

Re: Problem Solving 1 [#permalink] New post 11 Aug 2003, 09:29
Brainless wrote:
A company bought a load of water-damaged copy paper, estimating that 2/3 of the reams could be slavaged, in which case the cost per salvageable ream would be $0.72. If it later turned out that 3/4 of reams were salvageable, then what was the actual cost per salvageable ream ?


.64

.72 * 2/3 = 48 to get what each ream would cost if they were all salvageable.

48 * 4/3 = 64 to get the answer.
Manager
Manager
User avatar
Joined: 25 Jun 2003
Posts: 95
Followers: 1

Kudos [?]: 0 [0], given: 0

Re: Problem Solving 1 [#permalink] New post 11 Aug 2003, 14:21
mciatto wrote:
Brainless wrote:
A company bought a load of water-damaged copy paper, estimating that 2/3 of the reams could be slavaged, in which case the cost per salvageable ream would be $0.72. If it later turned out that 3/4 of reams were salvageable, then what was the actual cost per salvageable ream ?


.64

.72 * 2/3 = 48 to get what each ream would cost if they were all salvageable.

48 * 4/3 = 64 to get the answer.


Your answer is right. But still I am unable to see it !!
A detailed explanation plz !!
_________________

Brainless

GMAT Instructor
User avatar
Joined: 07 Jul 2003
Posts: 771
Location: New York NY 10024
Schools: Haas, MFE; Anderson, MBA; USC, MSEE
Followers: 13

Kudos [?]: 39 [0], given: 0

Re: Problem Solving 1 [#permalink] New post 11 Aug 2003, 14:38
Brainless wrote:
mciatto wrote:
Brainless wrote:
A company bought a load of water-damaged copy paper, estimating that 2/3 of the reams could be slavaged, in which case the cost per salvageable ream would be $0.72. If it later turned out that 3/4 of reams were salvageable, then what was the actual cost per salvageable ream ?


.64

.72 * 2/3 = 48 to get what each ream would cost if they were all salvageable.

48 * 4/3 = 64 to get the answer.


Your answer is right. But still I am unable to see it !!
A detailed explanation plz !!


Let C = cost of the reams
Let R = original number of reams.

C = (2/3)R * .72 [Cost = number of good reams x cost per good ream]
C = (3/4)R * X [Cost = number of good reams x cost per good ream]

The "cost" of the paper is the same in both cases so:

(2/3)R * .72 = (3/4)R * X

Now solve for X.

X = (2/3)(4/3)* .72 = .64.
_________________

Best,

AkamaiBrah
Former Senior Instructor, Manhattan GMAT and VeritasPrep
Vice President, Midtown NYC Investment Bank, Structured Finance IT
MFE, Haas School of Business, UC Berkeley, Class of 2005
MBA, Anderson School of Management, UCLA, Class of 1993

Re: Problem Solving 1   [#permalink] 11 Aug 2003, 14:38
    Similar topics Author Replies Last post
Similar
Topics:
Anyone Willing to Sell Powerscore CR/SC Soft or Paper Copy? RameshKrishnan1 0 19 Nov 2014, 17:38
Experts publish their posts in the topic A book store bought copies of a new book by a popular author mikemcgarry 2 08 Jan 2014, 11:56
6 Experts publish their posts in the topic A company bought for its 7 offices 2 computers of brand N Splendidgirl666 6 17 Jan 2012, 14:38
Experts publish their posts in the topic An investor bought N shares of company X at $15 per share bmwhype2 2 17 Dec 2007, 13:40
In order to modernize billing operations, a company bought a haas_mba07 2 09 Sep 2006, 19:26
Display posts from previous: Sort by

A company bought a load of water-damaged copy paper,

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.