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Currently bananas cost 50 cents/pound. Due to a disease affecting the

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Bunuel
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Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  06 Jan 2015, 08:13
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Tough and Tricky questions: Word Problems.



Currently bananas cost 50 cents/pound. Due to a disease affecting the banana trees it is expected that next month bananas will cost 175% more than they do currently. How much are bananas expected to cost next month?

A. 87.5 cents/pound
B. 100 cents/pound
C. 112.5 cents/pound
D. 125 cents/pound
E. 137.5 cents/pound

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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  06 Jan 2015, 09:26
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Cost increase by 175%

New cost =275% * old cost

=(50*275)/100
=137.5 cents/pound

Answer=2
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  06 Jan 2015, 09:35
Bunuel wrote:

Tough and Tricky questions: Word Problems.



Currently bananas cost 50 cents/pound. Due to a disease affecting the banana trees it is expected that next month bananas will cost 175% more than they do currently. How much are bananas expected to cost next month?

A. 87.5 cents/pound
B. 100 cents/pound
C. 112.5 cents/pound
D. 125 cents/pound
E. 137.5 cents/pound

Kudos for a correct solution.



Current cost = 50C
175% of 50 = 87.5
Expected cost = Current cost + Expected Increase
= 50 + 87.5 = 137.5

Ans E
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  06 Jan 2015, 11:42
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Current price is 0.5 Hence 100% increase of it is 1 pound. And 75% is 0.5*0.75=0.375. Hence 175%=1.375 Answer E. I did this way (sorry i am not very good on percents=)))
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  06 Jan 2015, 12:54
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What you said is a little bit confusing, but I think you approached it the same way I did.

100% + 175% = X
100%(.5) + 100%(.5) + 75%(.5) = X
.5 + .5 + .375 = 1.375, E

Konstantin1983 wrote:
Current price is 0.5 Hence 100% increase of it is 1 pound. And 75% is 0.5*0.75=0.375. Hence 175%=1.375 Answer E. I did this way (sorry i am not very good on percents=)))
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  07 Jan 2015, 02:29
Answer = E. 137.5 cents/pound

Had the cost been 100 cents, next month, it would had cost (100+175) = 275

Now the cost is 50 cents, next month, it would cost \(\frac{275}{2} = 137.5\)
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  07 Jan 2015, 11:55
Hi aeropower!
Yes exactly!
175% of 0.5 is 100%*0.5+75%*0.5+0.5=1.375. What i did is i skipped the last step (i.e i didn't add 0.5). I assumed it by default. That is why my solution seemed confusing to you
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  09 Jan 2015, 07:03
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Bunuel wrote:

Tough and Tricky questions: Word Problems.



Currently bananas cost 50 cents/pound. Due to a disease affecting the banana trees it is expected that next month bananas will cost 175% more than they do currently. How much are bananas expected to cost next month?

A. 87.5 cents/pound
B. 100 cents/pound
C. 112.5 cents/pound
D. 125 cents/pound
E. 137.5 cents/pound

Kudos for a correct solution.


OFFICIAL SOLUTION:

(E) If a new cost is p percent greater than the old cost, then (new cost) = (old cost) + (p/100)(old cost). In this case, (new cost) = 50 cents/pound + (175/100)(50 cents/pound) = 137.5 cents/pound.
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Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  24 Jun 2017, 17:47
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Bunuel wrote:

Tough and Tricky questions: Word Problems.



Currently bananas cost 50 cents/pound. Due to a disease affecting the banana trees it is expected that next month bananas will cost 175% more than they do currently. How much are bananas expected to cost next month?

A. 87.5 cents/pound
B. 100 cents/pound
C. 112.5 cents/pound
D. 125 cents/pound
E. 137.5 cents/pound

Kudos for a correct solution.

If the bananas were to cost 10% more, we would multiply 50 cents by 1.10. If the bananas were to cost 25% more, we'd multiply 50 cents by 1.25.

In other words, add the percent increase, in decimal form, to 1.

175% = 1.75

1 + 1.75 = 2.75

(50)*(2.75) = 137.5

Answer E
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  24 Jun 2017, 19:53
Current price = 50.
Price next month = 50 + 175%(50) = 50 + 87.5 = 137.5. Ans - E.
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  26 Jun 2017, 06:42
Currently bananas cost 50 cents/pound. Due to a disease affecting the banana trees it is expected that next month bananas will cost 175% more than they do currently. How much are bananas expected to cost next month?

Current Cost = 50 Cents/Pound

175% Increase Means

\(50 * \frac{175}{100}\)

= 87.5

New Cost = Current + Increased

New Cost = 50 + 87.5

New Cost = 137.5

Hence, Answer is E
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  28 Jun 2017, 17:03
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Bunuel wrote:

Tough and Tricky questions: Word Problems.



Currently bananas cost 50 cents/pound. Due to a disease affecting the banana trees it is expected that next month bananas will cost 175% more than they do currently. How much are bananas expected to cost next month?

A. 87.5 cents/pound
B. 100 cents/pound
C. 112.5 cents/pound
D. 125 cents/pound
E. 137.5 cents/pound


The key word in the question is “more.” Since bananas now cost 50 cents/pound and they are expected to cost 175% more, they will cost (100% + 175%) = 275%, or 2.75 of the current price. Thus, the new price will be:

50 x 2.75 = 137.5 cents/pound

Answer: E
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Re: Currently bananas cost 50 cents/pound. Due to a disease affecting the [#permalink] New post  16 Dec 2018, 18:05
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