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

 It is currently 25 Jun 2016, 02:37

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# A school's annual budget for the purchase of student comp

Author Message
TAGS:

### Hide Tags

Manager
Status: And the Prep starts again...
Joined: 03 Aug 2010
Posts: 138
Followers: 2

Kudos [?]: 39 [0], given: 20

A school's annual budget for the purchase of student comp [#permalink]

### Show Tags

01 Oct 2012, 10:51
1
This post was
BOOKMARKED
00:00

Difficulty:

5% (low)

Question Stats:

88% (01:41) correct 12% (01:02) wrong based on 177 sessions

### HideShow timer Statistics

A school’s annual budget for the purchase of student computers increased by 60% this year over last year. If the price of student computers increased by 20% this year, then the number of computers it can purchase this year is what percent greater than the number of computers it purchased last year?

A. 33.33%
B. 40%
C. 42%
D. 48%
E. 60%
[Reveal] Spoiler: OA

_________________

My First Blog on my GMAT Journey

Arise, Awake and Stop not till the goal is reached

Math Expert
Joined: 02 Sep 2009
Posts: 33492
Followers: 5926

Kudos [?]: 73390 [2] , given: 9902

Re: A school's annual budget for the purchase of student comp [#permalink]

### Show Tags

20 Jan 2014, 00:49
2
KUDOS
Expert's post
1
This post was
BOOKMARKED
flower07 wrote:
Can somebody break this down for me? I am quite not getting it. Please?

A school’s annual budget for the purchase of student computers increased by 60% this year over last year. If the price of student computers increased by 20% this year, then the number of computers it can purchase this year is what percent greater than the number of computers it purchased last year?

A. 33.33%
B. 40%
C. 42%
D. 48%
E. 60%

Pick numbers.

Lats year: budget = $100, price =$1 --> the number of computers purchased = 100/1 = 100;

This year: budget = $160, price =$1.2 --> the number of computers purchased = 160/1.2 = ~133.33.

Increase in the number of computers purchased = 33.33%.

Hope it's clear.
_________________
Director
Joined: 22 Mar 2011
Posts: 612
WE: Science (Education)
Followers: 90

Kudos [?]: 786 [0], given: 43

Re: A school's annual budget for the purchase of student comp [#permalink]

### Show Tags

01 Oct 2012, 10:58
ENAFEX wrote:
A school's annual budget for the purchase of student computers increased by 60% this year over last year. if the price of student computers increased by 20% this year, then the number of computers it can purchase this year is what percent greater than the number of computers it purchased last year?

a. 33.33%
b. 40%
c. 42%
d. 48%
e. 60%

If last year, the budget was B and the price of one computer was P, then B/P was the number of purchased computers.
This year, 1.6B/(1.2P) = 4/3(B/P) = 1.33(B/P) computers can be purchased, which is 33.33% greater than the number of computers purchased last year.

_________________

PhD in Applied Mathematics
Love GMAT Quant questions and running.

Senior Manager
Joined: 28 Aug 2006
Posts: 306
Followers: 13

Kudos [?]: 126 [0], given: 0

Re: A school's annual budget for the purchase of student comp [#permalink]

### Show Tags

02 Oct 2012, 04:33
ENAFEX wrote:
A school's annual budget for the purchase of student computers increased by 60% this year over last year. if the price of student computers increased by 20% this year, then the number of computers it can purchase this year is what percent greater than the number of computers it purchased last year?

a. 33.33%
b. 40%
c. 42%
d. 48%
e. 60%

Since the price is increased by 20%, for 120% of last year budget they get as many computers as they got last year, say n
For 160% they will get 160/120 = 4/3n
Hence 1/3n i.e. 33.33% more than last year
_________________
Intern
Status: Aiming for 750+
Joined: 16 Oct 2013
Posts: 20
GMAT Date: 05-05-2014
Followers: 0

Kudos [?]: 12 [0], given: 15

Re: A school's annual budget for the purchase of student comp [#permalink]

### Show Tags

20 Jan 2014, 00:38
Can somebody break this down for me? I am quite not getting it. Please?
GMAT Club Legend
Joined: 09 Sep 2013
Posts: 10167
Followers: 480

Kudos [?]: 124 [0], given: 0

Re: A school's annual budget for the purchase of student comp [#permalink]

### Show Tags

21 Feb 2016, 05:21
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.
_________________
Re: A school's annual budget for the purchase of student comp   [#permalink] 21 Feb 2016, 05:21
Similar topics Replies Last post
Similar
Topics:
1 Nathan took out a student loan for 1200$at 10 percent annual interest 1 22 Dec 2015, 21:18 4 The annual budget of a certain college is to be shown on a c 4 10 Jan 2014, 07:07 14 There are 101 students in a school. The students are split 8 17 Aug 2013, 09:43 Jerry purchased a 1-year$5,000 bond that paid an annual 1 19 Jun 2011, 07:55
6 Company K has an annual budget for a certain project, and 1/5 of this 4 23 Aug 2010, 08:47
Display posts from previous: Sort by