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

 It is currently 25 May 2015, 11:31

# Today:

Free Access to GMAT Club Tests - May 25th for Memorial Day!!

### 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

# In May Mrs Lee's earnings were 60 percent of the Lee family'

 Question banks Downloads My Bookmarks Reviews Important topics
Author Message
TAGS:
VP
Joined: 06 Jun 2004
Posts: 1059
Location: CA
Followers: 2

Kudos [?]: 49 [1] , given: 0

In May Mrs Lee's earnings were 60 percent of the Lee family' [#permalink]  26 Dec 2005, 17:58
1
KUDOS
1
This post was
BOOKMARKED
00:00

Difficulty:

95% (hard)

Question Stats:

39% (02:46) correct 61% (01:10) wrong based on 134 sessions
In May Mrs Lee's earnings were 60 percent of the Lee family's total income. In June Mrs Lee earned 20 percent more than in May. If the rest of the family's income was the same both months, then, in June, Mrs Lee's earnings were approximately what percent of the Lee family's total income ?

(A) 64%
(B) 68%
(C) 72%
(D) 76%
(E) 80%

OPEN DISCUSSION OF THIS QUESTION IS HERE: in-may-mrs-lee-s-earnings-were-60-percent-of-the-lee-family-94987.html
[Reveal] Spoiler: OA

_________________

Don't be afraid to take a flying leap of faith.. If you risk nothing, than you gain nothing...

 Kaplan GMAT Prep Discount Codes Knewton GMAT Discount Codes GMAT Pill GMAT Discount Codes
SVP
Joined: 16 Oct 2003
Posts: 1815
Followers: 4

Kudos [?]: 53 [0], given: 0

[#permalink]  26 Dec 2005, 19:03
72/112*100 = ~64

If this is not correct then I am not solving it again.
Senior Manager
Joined: 14 Apr 2005
Posts: 418
Location: India, Chennai
Followers: 1

Kudos [?]: 6 [0], given: 0

Re: PS: Mrs. Lee [#permalink]  26 Dec 2005, 21:14
TeHCM wrote:
In May Mrs. Lee's earnings were 60 percent of the Lee family's income. In June Mrs. Lee earned 20 percent more than in May. If the rest of the family's income was the same both months, then, in June, Mrs. Lee's earnings were approximately what percent of the Lee family's total income?

(A) 64%
(B) 68%
(C) 72%
(D) 76%
(E) 80%

Its A - 64%. Here is my working.

Let total earning be 100$then Mrs. Lee earns 60$.
If this increased by 20% in June then Mrs.Lee new income is 72$, and the family income is 112$.
% of mrs lee = 72*100/112 = ~64%
Manager
Joined: 30 Jan 2005
Posts: 143
Followers: 1

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

[#permalink]  27 Dec 2005, 07:08
[quote="Bhai"]72/112*100 = ~64

shit same mistake I got C as well...
but mere Bhai ... if u dun mind can u explain me..... y is it divided by 112?? and not 100 ?????
SVP
Joined: 16 Oct 2003
Posts: 1815
Followers: 4

Kudos [?]: 53 [1] , given: 0

[#permalink]  27 Dec 2005, 08:00
1
KUDOS
jinesh wrote:
Bhai wrote:
72/112*100 = ~64

*deleted* same mistake I got C as well...
but mere Bhai ... if u dun mind can u explain me..... y is it divided by 112?? and not 100 ?????

I don't mind and no one here minds if you ask questions.

Say Lee's family earned 100 and Lee earned 60 so the rest of her family earned 40. Not Lee earned 20% more so her tally goes to 72 (60 + 20% of 60 = 12) and the rest of the family earns the same. i.e 40. So Lees earning is 72 and the total family earns 72 + 40 = 112.
Manager
Joined: 24 Oct 2005
Posts: 52
Followers: 1

Kudos [?]: 5 [0], given: 0

[#permalink]  28 Dec 2005, 19:53
I got A too

Here is my working :

Lets say the Family Income is 100

In May, lee earned 60 & Family income is 40
In june, Lee earned 20% more than May, so it is (60+20*60/100 = 72)
Family Income is same 40

In June Lee's Income percent is 72*100/112 ~ 64

Ans is A
_________________

"The difference between a smart person and a wise person is that
a smart person knows what to say and
a wise person knows whether or not to say it."

Intern
Joined: 31 Dec 2005
Posts: 18
Followers: 0

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

[#permalink]  01 Jan 2006, 07:03
Different wayof working

Was trying to see if this could be worked algebraically

May Earnings

Total earnings assume = X
Mrs Lee = .6X
Rest = X-.6X

June Earnings

Mrs Lee = .6X+ .6X/5 = 3.6X/5

Rest = X-.6X

Total Earnings in June = 3.6X/5 + X-.6X = 5.6X/5

Therefore Earning in June = 1.12 X

Assuming X= 100 , Earnings in June = 112 and Mrs lees earnings = 72

Earning % in June for Mrs lee = 72*100/112 = 64 approx

I prefer the other way of assuming it be 100 to start with . It is faster and simpler.
_________________

Tony Chandra

Senior Manager
Joined: 11 Nov 2005
Posts: 330
Location: London
Followers: 1

Kudos [?]: 8 [0], given: 0

[#permalink]  01 Jan 2006, 17:34
A.

By taking numbers
Lets say the family income for May was 100
Mrs. Lee income for May was 60
Mrs. Lee income for June was 20% more = 72

total income of the family for June = 72+40 = 112

%of Mrs Lee earning = (72/112)*100 = 64.28%
VP
Joined: 20 Sep 2005
Posts: 1023
Followers: 3

Kudos [?]: 27 [0], given: 0

[#permalink]  09 Jan 2006, 13:23
Assume Total income = 100.
Lee's income in May = 60 and June = 1.2 *60 = 72. Total income in June = 72 + ( 100-60) = 112. Lee's fraction is 72/112 ~= 64 %.
Director
Joined: 04 Oct 2005
Posts: 587
Location: Chicago
Followers: 1

Kudos [?]: 5 [0], given: 0

[#permalink]  09 Jan 2006, 22:03
man even i got C, just didnt paid attention to the question...These r the easy question which spoils the scores
Director
Joined: 29 Nov 2012
Posts: 926
Followers: 12

Kudos [?]: 456 [0], given: 543

Re: In May Mrs. Lee's earnings were 60 percent of the Lee [#permalink]  18 Jun 2013, 23:39
TeHCM wrote:
In May Mrs. Lee's earnings were 60 percent of the Lee family's income. In June Mrs. Lee earned 20 percent more than in May. If the rest of the family's income was the same both months, then, in June, Mrs. Lee's earnings were approximately what percent of the Lee family's total income?

(A) 64%
(B) 68%
(C) 72%
(D) 76%
(E) 80%

Am I interpreting this question incorrectly

Family income = 1000

In May Lee's income is 60/100 * 1000 = 6000

In June its 20 percent more = 720

shouldn't it be 1000 for this month too? or do we have to maintain the same ratio as earlier so in this month it will be 1120

can someone clarify?
_________________

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 gmat-prep-software-analysis-and-what-if-scenarios-146146.html

Math Expert
Joined: 02 Sep 2009
Posts: 27494
Followers: 4312

Kudos [?]: 42294 [0], given: 6012

Re: In May Mrs. Lee's earnings were 60 percent of the Lee [#permalink]  19 Jun 2013, 00:09
Expert's post
fozzzy wrote:
TeHCM wrote:
In May Mrs. Lee's earnings were 60 percent of the Lee family's income. In June Mrs. Lee earned 20 percent more than in May. If the rest of the family's income was the same both months, then, in June, Mrs. Lee's earnings were approximately what percent of the Lee family's total income?

(A) 64%
(B) 68%
(C) 72%
(D) 76%
(E) 80%

Am I interpreting this question incorrectly

Family income = 1000

In May Lee's income is 60/100 * 1000 = 6000

In June its 20 percent more = 720

shouldn't it be 1000 for this month too? or do we have to maintain the same ratio as earlier so in this month it will be 1120

can someone clarify?

In May Mrs Lee's earnings were 60 percent of the Lee family's total income. In June Mrs Lee earned 20 percent more than in May. If the rest of the family's income was the same both months, then, in June, Mrs Lee's earnings were approximately what percent of the Lee family's total income ?

(A) 64%
(B) 68%
(C) 72%
(D) 76%
(E) 80%

Let total income of the family be 100$. In May Mrs Lee's earnings were 60 percent = 60$. Rest of the family's earnings = 40$. In June family's earnings did not change = 40$, Mrs Lee's earnings = 60$*1.2 = 72$. Total = 40 + 72 = 112\$. Mrs Lees share = $$\frac{72}{112}\approx{64%}$$.

OPEN DISCUSSION OF THIS QUESTION SI HERE: in-may-mrs-lee-s-earnings-were-60-percent-of-the-lee-family-94987.html
_________________
Re: In May Mrs. Lee's earnings were 60 percent of the Lee   [#permalink] 19 Jun 2013, 00:09
Similar topics Replies Last post
Similar
Topics:
15 In May Mrs Lee's earnings were 60 percent of the Lee family' 11 29 May 2010, 07:23
In May, Mrs. Lee's earnings were 60 percent of the Lee 5 03 Dec 2007, 13:57
In May Mrs. Lee's earnings were 60 percent of the Lee's 3 04 Apr 2007, 15:55
1 In May Mrs Lee's earnings were 60 percent of the Lee family's total in 4 17 Dec 2006, 13:29
In may, mrs. Lee earnings were 60 percent of lee family's 4 05 Aug 2006, 14:36
Display posts from previous: Sort by

# In May Mrs Lee's earnings were 60 percent of the Lee family'

 Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group and phpBB SEO Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.