Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 27 Sep 2016, 17:48

### GMAT Club Daily Prep

#### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# If a 10 percent deposit that has been paid toward the purcha

Author Message
TAGS:

### Hide Tags

Senior Manager
Joined: 13 Mar 2007
Posts: 295
Location: Russia, Moscow
Followers: 2

Kudos [?]: 40 [1] , given: 0

If a 10 percent deposit that has been paid toward the purcha [#permalink]

### Show Tags

24 Jul 2007, 02:09
1
KUDOS
00:00

Difficulty:

5% (low)

Question Stats:

70% (01:37) correct 30% (00:31) wrong based on 162 sessions

### HideShow timer Statistics

If a 10 percent deposit that has been paid toward the purchase of a certain product is $110, how much more remains to be paid? (A)$880
(B) $990 (C)$1,000
(D) $1,100 (E)$1,210
[Reveal] Spoiler: OA

Last edited by Bunuel on 21 Jan 2013, 03:11, edited 1 time in total.
Edited the question and answer choices.
Senior Manager
Joined: 13 Mar 2007
Posts: 295
Location: Russia, Moscow
Followers: 2

Kudos [?]: 40 [0], given: 0

### Show Tags

24 Jul 2007, 04:09
sm176811 wrote:
If a 10 percent deposit that has been paid toward the purchase of a certain product is $110, how much more remains to he paid? (A)$880
(B) $900 (C)$1,000
(D) $1,100 (E)$1,210

Are u sure 990 is not an answer?

May be there is a misprint in B
Manager
Joined: 08 Jul 2007
Posts: 174
Followers: 1

Kudos [?]: 7 [0], given: 0

### Show Tags

24 Jul 2007, 05:25
Yeah the answer is 990. I am pretty sure I have seen this problem and 990 was a choice...
GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5062
Location: Singapore
Followers: 30

Kudos [?]: 329 [0], given: 0

### Show Tags

24 Jul 2007, 07:18
briks123 wrote:
Yeah the answer is 990. I am pretty sure I have seen this problem and 990 was a choice...

My bad, the answer should be 990. We're asked to calculate the balance, so 1100 -110 = 990
Director
Joined: 29 Nov 2012
Posts: 900
Followers: 14

Kudos [?]: 915 [0], given: 543

Re: If a 10 percent deposit that has been paid toward the [#permalink]

### Show Tags

21 Jan 2013, 02:40

10/100P = 110 >> p= 110*100/10 = 1100

1100 - 110 = 990
_________________

Click +1 Kudos if my post helped...

Amazing Free video explanation for all Quant questions from OG 13 and much more http://www.gmatquantum.com/og13th/

GMAT Prep software What if scenarios http://gmatclub.com/forum/gmat-prep-software-analysis-and-what-if-scenarios-146146.html

Math Expert
Joined: 02 Sep 2009
Posts: 34871
Followers: 6491

Kudos [?]: 82846 [0], given: 10120

Re: If a 10 percent deposit that has been paid toward the purcha [#permalink]

### Show Tags

21 Jan 2013, 03:14
If a 10 percent deposit that has been paid toward the purchase of a certain product is $110, how much more remains to be paid? (A)$880
(B) $990 (C)$1,000
(D) $1,100 (E)$1,210

Since 10% of the price is $110, then the total price is$1,100.

$110 is paid, thus$1,100 - $110 =$990 remains to be paid.

_________________
GMAT Club Legend
Joined: 09 Sep 2013
Posts: 11704
Followers: 527

Kudos [?]: 145 [0], given: 0

Re: If a 10 percent deposit that has been paid toward the purcha [#permalink]

### Show Tags

26 Nov 2015, 05:32
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.
_________________
EMPOWERgmat Instructor
Status: GMAT Assassin/Co-Founder
Affiliations: EMPOWERgmat
Joined: 19 Dec 2014
Posts: 7491
Location: United States (CA)
GMAT 1: 800 Q51 V49
GRE 1: 340 Q170 V170
Followers: 330

Kudos [?]: 2215 [0], given: 162

Re: If a 10 percent deposit that has been paid toward the purcha [#permalink]

### Show Tags

29 Nov 2015, 11:31
Hi All,

While this is an older question, and a relatively easy one, it showcases subjects that you WILL have to deal with on Test Day: percents and basic arithmetic. While you can certainly solve this using formal Algebra, sometimes the easiest way to get to the correct answer is to just jot down some notes and do whatever calculations are required.

We're told that a 10% deposit equals $110...so you could write down... 10% of X = 110 Since 10% is an 'easy' percent to deal with, you can immediately calculate the TOTAL price... X =$1100

Now you have everything that you need to answer the question that was ASKED: How much REMAINS to be paid?

1100 - 110 = 990

[Reveal] Spoiler:
B

GMAT assassins aren't born, they're made,
Rich
_________________

# Rich Cohen

Co-Founder & GMAT Assassin

# Special Offer: Save $75 + GMAT Club Tests 60-point improvement guarantee www.empowergmat.com/ ***********************Select EMPOWERgmat Courses now include ALL 6 Official GMAC CATs!*********************** Re: If a 10 percent deposit that has been paid toward the purcha [#permalink] 29 Nov 2015, 11:31 Similar topics Replies Last post Similar Topics: 4 Kevin deposited x hundred dollars in a bank that pays Y percent annual 3 24 May 2015, 06:30 Lori deposits$10,000 in a savings account at 10% annual 1 18 Sep 2013, 18:36
2 Jar Y has 10% more marbles than Jar X . What percent of marbles from 5 25 Feb 2011, 13:19
6 Lucy bought a 1-year,10000 certificate of deposit that paid 9 21 Jul 2010, 02:05
7 In 1995 a certain store had 1,800 tools in stock that had been purchas 5 12 Nov 2009, 02:29
Display posts from previous: Sort by