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.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

Alice’s take-home pay last year was the same each month, and she saved [#permalink]

Show Tags

20 Dec 2009, 05:58

9

This post was BOOKMARKED

00:00

A

B

C

D

E

Difficulty:

45% (medium)

Question Stats:

68% (02:32) correct
32% (02:07) wrong based on 105 sessions

HideShow timer Statistics

Alice’s take-home pay last year was the same each month, and she saved the same fraction of her take-home pay each month. The total amount of money that she had saved at the end of the year was 3 times the amount of that portion of her monthly take-home pay that she did NOT save. If all the money that she saved last year was from her take-home pay, what fraction of her take-home pay did she save each month?

Re: Alice’s take-home pay last year was the same each month, and she saved [#permalink]

Show Tags

18 Apr 2011, 11:31

Alice's take-home pay last year was the same each month, and she saved the same fraction of her take home pay each month. The total amount she had saved at the end of the year was three times the amount of that portion of her monthly take home pay that she did NOT save. If all the money that she saved last year was from her take-home pay, what fraction of her take home pay did she save each month?

Is it problem if I don't assume monthly payment [as saving is said in fraction so payment is one] such as: saving is x fraction so, total saving of the year 12x according to the condition 12x = 3(1-x) 12x = 3-3x 12x+3x= 3 15x = 3 x = 3/15 = 1/5 or D ans. Please help if i did wrong.
_________________

Re: Alice’s take-home pay last year was the same each month, and she saved [#permalink]

Show Tags

18 Apr 2011, 11:34

Baten80 wrote:

Is it problem if I don't assume monthly payment [as saving is said in fraction so payment is one] such as: saving is x fraction so, total saving of the year 12x according to the condition 12x = 3(1-x) 12x = 3-3x 12x+3x= 3 15x = 3 x = 3/15 = 1/5 or D ans. Please help if i did wrong.

Re: Alice’s take-home pay last year was the same each month, and she saved [#permalink]

Show Tags

07 Mar 2015, 06:00

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.
_________________

Alice’s take-home pay last year was the same each month, and she saved the same fraction of her take-home pay each month. The total amount of money that she had saved at the end of the year was 3 times the amount of that portion of her monthly take-home pay that she did NOT save. If all the money that she saved last year was from her take-home pay, what fraction of her take-home pay did she save each month?

A. 1/2 B. 1/3 C. 1/4 D. 1/5 E. 1/6

Let Alice's monthly take-home pay be \(p\) and her monthly savings be \(s\). Total savings will be \(12s\) and we know that this is 3 times the amount she spends in month which is: \(p-s\). So we have:

Happy New Year everyone! Before I get started on this post, and well, restarted on this blog in general, I wanted to mention something. For the past several months...

It’s quickly approaching two years since I last wrote anything on this blog. A lot has happened since then. When I last posted, I had just gotten back from...

Post-MBA I became very intrigued by how senior leaders navigated their career progression. It was also at this time that I realized I learned nothing about this during my...