Last visit was: 26 Apr 2024, 03:26 It is currently 26 Apr 2024, 03:26

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
SORT BY:
Date
Tags:
Show Tags
Hide Tags
Math Expert
Joined: 02 Sep 2009
Posts: 92929
Own Kudos [?]: 619101 [14]
Given Kudos: 81609
Send PM
Director
Director
Joined: 20 Feb 2015
Posts: 631
Own Kudos [?]: 712 [0]
Given Kudos: 74
Concentration: Strategy, General Management
Send PM
User avatar
Intern
Intern
Joined: 21 May 2015
Posts: 13
Own Kudos [?]: 15 [4]
Given Kudos: 42
Concentration: Marketing, Nonprofit
GMAT 1: 720 Q48 V41
WE:Analyst (Non-Profit and Government)
Send PM
Director
Director
Joined: 20 Feb 2015
Posts: 631
Own Kudos [?]: 712 [0]
Given Kudos: 74
Concentration: Strategy, General Management
Send PM
Re: A group of 12 people plan to rent a van and agree to share equally the [#permalink]
didnt read that ... Right :-D
User avatar
Intern
Intern
Joined: 21 May 2015
Posts: 13
Own Kudos [?]: 15 [0]
Given Kudos: 42
Concentration: Marketing, Nonprofit
GMAT 1: 720 Q48 V41
WE:Analyst (Non-Profit and Government)
Send PM
Re: A group of 12 people plan to rent a van and agree to share equally the [#permalink]
CounterSniper wrote:
didnt read that ... Right :-D

I guessed so too. Looked like the kinds of careless mistakes I made a lot :D
avatar
Intern
Intern
Joined: 12 Nov 2015
Posts: 1
Own Kudos [?]: 2 [2]
Given Kudos: 9
Send PM
Re: A group of 12 people plan to rent a van and agree to share equally the [#permalink]
2
Kudos
ufo9038 wrote:
CounterSniper wrote:
total cost =E
no of people willing to participate initially =12
initial cost for each =E/12
when n people decided not to participate
Cost for each =E/12-n


So the increase = E/12 - E/(12-n) = nE/[12(12-n)]

D


Can you elaborate?
The result will be a negative number.
IMO it should look opposite, i.e. E/(12-n) - E/12
User avatar
Intern
Intern
Joined: 21 May 2015
Posts: 13
Own Kudos [?]: 15 [0]
Given Kudos: 42
Concentration: Marketing, Nonprofit
GMAT 1: 720 Q48 V41
WE:Analyst (Non-Profit and Government)
Send PM
Re: A group of 12 people plan to rent a van and agree to share equally the [#permalink]
Yes you're right. Sorry I overlooked.
RSM Erasmus Moderator
Joined: 26 Mar 2013
Posts: 2461
Own Kudos [?]: 1360 [0]
Given Kudos: 641
Concentration: Operations, Strategy
Schools: Erasmus (II)
Send PM
Re: A group of 12 people plan to rent a van and agree to share equally the [#permalink]
Bunuel wrote:
A group of 12 people plan to rent a van and agree to share equally the total cost of the rental, which is E dollars. If n of the people decide not to participate at the last minute, by how many dollars will each remaining person's share of the total cost increase?

(A) E/(12 - n)
(B) (12 - n)/E
(C) E/[12(12-n)]
(D) nE / [12(12-n)]
(E) (12-n)E/(12n)


Let E=120, cost per person= 120/12=10
Let n=10 so cost per person=120/2=60

Increase by 60-10=50

Substituting in Choice C 120/24=5 wrong

Substituting in Choice D = 10 *120/24=50 correct

Answer D
Board of Directors
Joined: 17 Jul 2014
Posts: 2163
Own Kudos [?]: 1180 [0]
Given Kudos: 236
Location: United States (IL)
Concentration: Finance, Economics
GMAT 1: 650 Q49 V30
GPA: 3.92
WE:General Management (Transportation)
Send PM
Re: A group of 12 people plan to rent a van and agree to share equally the [#permalink]
Bunuel wrote:
A group of 12 people plan to rent a van and agree to share equally the total cost of the rental, which is E dollars. If n of the people decide not to participate at the last minute, by how many dollars will each remaining person's share of the total cost increase?

(A) E/(12 - n)
(B) (12 - n)/E
(C) E/[12(12-n)]
(D) nE / [12(12-n)]
(E) (12-n)E/(12n)


easiest approach is to give values for E and n
say E = 120
n=2

so initially, it was supposed to be 120/12 = 10$/pers
2 people refused, now new cost is 120/10 = 12$/pers
increase = 2$/pers

A - 120/10 = 12 -> that is the new average, not the increase per person. out
B - 10/120 -> 1/12 - nope.
C - 120/120 = 1 - nope
D - 2*120/12*10 = 2 - hold
E - 10*120/24 = 50 - way too big

D must be the answer.
Target Test Prep Representative
Joined: 14 Oct 2015
Status:Founder & CEO
Affiliations: Target Test Prep
Posts: 18761
Own Kudos [?]: 22055 [1]
Given Kudos: 283
Location: United States (CA)
Send PM
Re: A group of 12 people plan to rent a van and agree to share equally the [#permalink]
1
Bookmarks
Expert Reply
Bunuel wrote:
A group of 12 people plan to rent a van and agree to share equally the total cost of the rental, which is E dollars. If n of the people decide not to participate at the last minute, by how many dollars will each remaining person's share of the total cost increase?

(A) E/(12 - n)
(B) (12 - n)/E
(C) E/[12(12-n)]
(D) nE / [12(12-n)]
(E) (12-n)E/(12n)


The old cost per person is E/12. The new cost per person is E/(12 - n). Therefore, the cost increase per person is:

E/(12 - n) - E/12

Getting the common denominator of 12(12 - n), we obtain:

12E / [12(12 - n)] - (12 - n)E / [12(12 - n)]

Combining the two fractions, we have:

(12E - 12E + nE) / [12(12 - n)]

nE / [12(12 - n)]

Answer: D
User avatar
Non-Human User
Joined: 09 Sep 2013
Posts: 32678
Own Kudos [?]: 822 [0]
Given Kudos: 0
Send PM
Re: A group of 12 people plan to rent a van and agree to share equally the [#permalink]
Hello from the GMAT Club BumpBot!

Thanks to another GMAT 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).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
GMAT Club Bot
Re: A group of 12 people plan to rent a van and agree to share equally the [#permalink]
Moderators:
Math Expert
92929 posts
Senior Moderator - Masters Forum
3137 posts

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