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Before being simplified, the instructions for computing [#permalink]
16 Feb 2006, 18:41
9
This post was BOOKMARKED
00:00
A
B
C
D
E
Difficulty:
75% (hard)
Question Stats:
54% (01:56) correct
46% (01:01) wrong based on 352 sessions
Before being simplified, the instructions for computing income tax in country R were to add 2 percent of one's annual income to the average(arithmetic mean) of 100 units of Country R's currency and 1 percent of one's annual income. Which of the following represents the simplified formula for computing the income tax, in country R's currency, for a person in that country whose annual income is I?
Before being simplified, the instructions for computing income tax in Country R were to add 2% of one's annual income to the average of 100 units of Country R's currency and 1% of one's anuual income. Which of the foloowing represents the simplified formula for computing income tax in Country R's currency, for a person whose income is I?
a. 50 + (I/200)
b. 50 + (3I/100)
c. 50 + (I/40)
d. 100 + (I/50)
e. 100 + (3I/100)
Please show/explain your work. This one is so wordy and near the end, I think I drowned in the verbiage.
Before being simplified, the instructions for computing income tax in Country R were to add 2% of one's annual income to the average of 100 units of Country R's currency and 1% of one's anuual income. Which of the foloowing represents the simplified formula for computing income tax in Country R's currency, for a person whose income is I?
a. 50 + (I/200) b. 50 + (3I/100) c. 50 + (I/40) d. 100 + (I/50) e. 100 + (3I/100)
Before being simplified, the instructions for computing income tax in country R were to add 2% of one’s annual income to the everage (arithmetic mean) of 100 units of country R’s currency and 1% of one’s annual income.
Which is the simplified formula of income tax, if annual income is I?
I come up with the formula .02I + (100 + .01I)/2. Do not see how this reduces to answer C. Perhaps not enough caffeine this morning. would someone be kind enough to further explain? Thanks. _________________
I come up with the formula .02I + (100 + .01I)/2. Do not see how this reduces to answer C. Perhaps not enough caffeine this morning. would someone be kind enough to further explain? Thanks.
Before being simplified, the instructions for computing income tax in country R were to add 2% of one’s annual income to the everage (arithmetic mean) of 100 units of country R’s currency and 1% of one’s annual income. Which is the simplified formula of income tax, if annual income is I?
a) 50 + I/200
b) 50 + 3I/100
c) 50 + I/40
d) 100 + I/50
e) 100 + 3I/100
Ah love this one. Not too hard to solve, just gotta get through wording of the question first.
Hard GMAT PREP PS problem [#permalink]
31 Aug 2008, 11:09
Before being simplified, the instructions for computing income tax in Country R were to add 2 percent of ones's annual income to the average (arithmetic mean) of 100 units of Country R's currency and 1 percent of one's annual income. Which of the following represents the simplified formula for computing the income tax, in Country R's currency, for a person in that country whose annual income is I?
A) 50 + I/200 B) 50 + 3I/300 C) 50 + I/40 D) 100 + I/50 E) 100 + 3I/100
Last edited by lionheart187 on 31 Aug 2008, 11:43, edited 1 time in total.
Re: Hard GMAT PREP PS problem [#permalink]
31 Aug 2008, 11:31
lionheart187 wrote:
Before being simplified, the instructions for computing income tax in Country R were to add 2 percent of ones's annual income to the average (arithmetic mean) of 100 units of Country R's currency and 1 percent of one's annual income. Which of the following represents the simplified formula for computing the income tax, in Country R's currency, for a person in that country whose annual income is I?
A) 50 + I/200 B) 50 + I/40 C) 50 + I/40 D) 100 + I/50 E) 100 + 3I/100
Whats the diff between B and C?
I = one's annual income 2 percent of ones's annual income = 0.02 of I the average (arithmetic mean) of 100 units of Country R's currency and 1 percent of one's annual income = (100 + 0.01 of I)/2
the simplified formula = 2 percent of ones's annual income + the average (arithmetic mean) of 100 units of Country R's currency and 1 percent of one's annual income
the simplified formula = [0.02 of I + (100 + 0.01 of I)/2] the simplified formula = 50 + I/40 _________________
Re: Hard GMAT PREP PS problem [#permalink]
31 Aug 2008, 17:17
actually , the prob can be solved very fast , by back solving... but it took me more time to comprehend the meaning of this , thanks to the convoluted langauge....
Re: Hard GMAT PREP PS problem [#permalink]
31 Aug 2008, 23:31
Thanks for the explanation! I made the mistake of thinking the average of 100 units and 1 % of income was (100units + 1%I/101). The wording confuses me sometimes on hard problems like these!
GMAT TIGER wrote:
lionheart187 wrote:
Before being simplified, the instructions for computing income tax in Country R were to add 2 percent of ones's annual income to the average (arithmetic mean) of 100 units of Country R's currency and 1 percent of one's annual income. Which of the following represents the simplified formula for computing the income tax, in Country R's currency, for a person in that country whose annual income is I?
A) 50 + I/200 B) 50 + I/40 C) 50 + I/40 D) 100 + I/50 E) 100 + 3I/100
Whats the diff between B and C?
I = one's annual income 2 percent of ones's annual income = 0.02 of I the average (arithmetic mean) of 100 units of Country R's currency and 1 percent of one's annual income = (100 + 0.01 of I)/2
the simplified formula = 2 percent of ones's annual income + the average (arithmetic mean) of 100 units of Country R's currency and 1 percent of one's annual income
the simplified formula = [0.02 of I + (100 + 0.01 of I)/2] the simplified formula = 50 + I/40
Problem Solving Help [#permalink]
26 Jul 2009, 13:02
This is a question from gmat prep 1, I still can't understand it.
Before being simplified, the instructions for computing income tax in Country R were to add 2 percent of ones annual income to the average (arthimetic mean) of 100 units of Country R's currency and 1 percent of one's annual income. Which of the following represents the simplified forumula for computing the income tax, in Country R's, currency for a person in that country whose annual income is I ?
Answer choices:
A) 50 + I / 200 B) 50 + 3I / 100 C 50 + I / 40 D) 100 + I / 50 E 100 + 3I / 100
Also if someone can teach me a better way to copy questions into this forums that would be great as well.
Re: Problem Solving Help [#permalink]
26 Jul 2009, 15:31
3
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Income of a person is I 2 percent of ones annual income = 2I/100 100 units of Country R's currency = 100 1 percent of one's annual income = I/100 Average of 100 units and 1 percent annual income = 50 + I/200 Sum of average and 2 percent = I/50 + 50 + I/200 = 50 + 5I/200 = 50 + I/40 So answer is C.
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