Find all School-related info fast with the new School-Specific MBA Forum
Learn more about the recent changes... close

It is currently 19 Jun 2013, 02:24
Customize  |  Hide

Search
Register
New posts
Unanswered

A part-time employee whose hourly wage was increased by 25

  Question banks Downloads My Bookmarks Reviews  
  Oldest Best Reply
Search for:
 
Print view
First unread post
Author Message
TAGS:
Director
Director
User avatar
Joined: 06 Feb 2006
Posts: 912
Followers: 1

Kudos [?]: 16 [0], given: 0

GMAT Tests User
A part-time employee whose hourly wage was increased by 25 [#permalink] New post 22 Oct 2006, 08:25
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
A part-time employee whose hourly wage was increased by 25 percent decided to reduce the number of hours worked per week so that the employee’s total weekly income would remain unchanged. By what percent should the number of hours worked be reduced?

(A) 12.5%
(B) 20%
(C) 25%
(D) 50%
(E) 75%
SVP
SVP
User avatar
Joined: 05 Jul 2006
Posts: 1564
Followers: 4

Kudos [?]: 65 [0], given: 37

CAT Tests
 [#permalink] New post 22 Oct 2006, 08:54
A part-time employee whose hourly wage was increased by 25 percent decided to reduce the number of hours worked per week so that the employee’s total weekly income would remain unchanged. By what percent should the number of hours worked be reduced?

(A) 12.5% (B) 20% (C) 25% (D) 50% (E) 75%

original weekly income = hours worked * wage per hour = xy

after inc = 1.25xy

for his income to remain unchanged 25% of his workinjg hours has to dec.

1.25xy - z = xy

z = 0.25xy guven reduction is from number of hours thus it has to be reduced by the 25%
Director
Director
Joined: 01 Oct 2006
Posts: 501
Followers: 1

Kudos [?]: 5 [0], given: 0

GMAT Tests User
 [#permalink] New post 22 Oct 2006, 09:09
Let original hourly wage be x and let the no of hours worked be y
Total wage will be =x*y
After the increment the wage will be=1.25 x
Now we need to find number of hours worked so that

x*y=1.25x*z i.e z=4/5 y

%decrease = (y-4/5y)/y *100=100/5=20%.
Thus my answer is B.

Correct me if I am wrong.
SVP
SVP
User avatar
Joined: 05 Jul 2006
Posts: 1564
Followers: 4

Kudos [?]: 65 [0], given: 37

CAT Tests
 [#permalink] New post 22 Oct 2006, 09:21
YOGESH U R ABSOLUTELY RIGHT ......MY ANSWER IS WRONG


THANKS FOR THE CORRECTION MAN :wink:
Senior Manager
Senior Manager
User avatar
Joined: 27 Mar 2007
Posts: 330
Followers: 1

Kudos [?]: 16 [0], given: 0

GMAT Tests User
 [#permalink] New post 02 Jun 2007, 08:00
bmwhype2 wrote:
yogeshsheth wrote:
Let original hourly wage be x and let the no of hours worked be y
Total wage will be =x*y
After the increment the wage will be=1.25 x
Now we need to find number of hours worked so that

x*y=1.25x*z i.e z=4/5 y

%decrease = (y-4/5y)/y *100=100/5=20%.
Thus my answer is B.

Correct me if I am wrong.


what does z represent?


z represents the percentage of initial working time y, i.e 80% of y. cheers
  [#permalink] 02 Jun 2007, 08:00
    Similar topics Author Replies Last post
Similar
Topics:
 New posts A part time employee whose hourly wage was increased by 25 % shubhangi 5 21 Nov 2003, 12:28
New posts Added to the increase in hourly wages requested last July, Vithal 4 13 Jul 2004, 11:15
New posts Added to the increase in hourly wages requested last July, ywilfred 2 06 Sep 2005, 07:29
New posts A part-time employee whose hourly wage was increased by 25 700dreamer 5 12 Jul 2007, 19:51
Popular new posts 2 Experts publish their posts in the topic a part-time employee whose hourly wage was increased by 25% sondenso 16 25 Feb 2008, 02:37
Display posts from previous: Sort by

A part-time employee whose hourly wage was increased by 25

  Question banks Downloads My Bookmarks Reviews  
Print view
First unread post

Moderators: VeritasPrepKarishma, Bunuel, IanStewart

Search for:


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®.

Main navigation

GMAT Resources

Partners

MBA Resources

www.gmac.com|www.mba.com