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Based on this years costs, an orcharde grower budgets P

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Manager
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Based on this years costs, an orcharde grower budgets P [#permalink] New post 08 Oct 2006, 09:51
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Based on this year’s costs, an orcharde grower budgets P dollars for planting N new trees next year.If the average cost of planting each tree were to increase 25 percent from this year’s cost ,then thegreatest number of trees that the orchard grower could plant next year using P dollars would be.

A. 20% less than N

B. 25%less than N

C. equal to N

D. 20%greater than N

E. 25% greater than N
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 [#permalink] New post 08 Oct 2006, 09:55
A 20% less than N

Assume P = 1000 and N = 100

Hence price per tree = $10

IF new price = 25/2 then N = 1000*2/25 = 80

which is 20% less
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 [#permalink] New post 08 Oct 2006, 11:07
Given price is increased by 1/4
ie price has become 5/4
Using same amount he can plant only 4/5 ie 80%

hence 20% less than N

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 [#permalink] New post 08 Oct 2006, 19:31
A) 20% less than N

Cost per plant (estimated) = P/N
(actual) = 5P/N
No of plants that can be planted using P dollars = P * (4N/5P)

= 80% of N
  [#permalink] 08 Oct 2006, 19:31
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Based on this years costs, an orcharde grower budgets P

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