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If Albert’s monthly earnings rise by 26%, he would earn $693

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If Albert’s monthly earnings rise by 26%, he would earn $693 [#permalink] New post 31 Oct 2012, 21:41
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C
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  15% (low)

Question Stats:

86% (02:50) correct 14% (01:32) wrong based on 37 sessions
If Albert’s monthly earnings rise by 26%, he would earn $693. If, instead, his earnings rise by only 20%, how much (in $) would he earn this month?

(A) 643
(B) 652
(C) 660
(D) 690
(E) 693
[Reveal] Spoiler: OA
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Joined: 02 Jul 2012
Posts: 1228
Location: India
Concentration: Strategy
GMAT 1: 740 Q49 V42
GPA: 3.8
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Kudos [?]: 676 [0], given: 116

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Re: If Albert’s monthly earnings rise by 26%, he would earn $693 [#permalink] New post 31 Oct 2012, 22:50
actleader wrote:
If Albert’s monthly earnings rise by 26%, he would earn $693. If, instead, his earnings rise by only 20%, how much (in $) would he earn this month?

(A) 643
(B) 652
(C) 660
(D) 690
(E) 693


= \frac{693}{1.26}*1.2

= 660

Answer is C.

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Manager
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Joined: 25 Jun 2012
Posts: 65
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Kudos [?]: 8 [0], given: 21

Re: If Albert’s monthly earnings rise by 26%, he would earn $693 [#permalink] New post 02 Nov 2012, 11:49
MacFauz wrote:
actleader wrote:
If Albert’s monthly earnings rise by 26%, he would earn $693. If, instead, his earnings rise by only 20%, how much (in $) would he earn this month?

(A) 643
(B) 652
(C) 660
(D) 690
(E) 693


= \frac{693}{1.26}*1.2

= 660

Answer is C.

Kudos Please... If my post helped.


You mean by dividing on 1.26 we found 100% or his ordinary monthly salary.
Later by multipliing by 1.2 we are getting 120%?

Thanx, it is now clear. I dunno why it was strange for me at first )).
Re: If Albert’s monthly earnings rise by 26%, he would earn $693   [#permalink] 02 Nov 2012, 11:49
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If Albert’s monthly earnings rise by 26%, he would earn $693

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