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:

Before being simplified, the instructions for computing [#permalink]

Show Tags

16 Feb 2006, 19:41

10

This post was BOOKMARKED

00:00

A

B

C

D

E

Difficulty:

75% (hard)

Question Stats:

55% (01:55) correct
45% (01:01) wrong based on 380 sessions

HideShow timer Statictics

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.

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, 12:43, edited 1 time in total.

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 _________________

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....

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

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.

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.

So, my final tally is in. I applied to three b schools in total this season: INSEAD – admitted MIT Sloan – admitted Wharton – waitlisted and dinged No...

HBS alum talks about effective altruism and founding and ultimately closing MBAs Across America at TED: Casey Gerald speaks at TED2016 – Dream, February 15-19, 2016, Vancouver Convention Center...

By Libby Koerbel Engaging a room of more than 100 people for two straight hours is no easy task, but the Women’s Business Association (WBA), Professor Victoria Medvec...