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

It is currently 30 Sep 2014, 01:48

Close

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
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.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Jack and Mark both received hourly wage increases of 6

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Intern
Intern
avatar
Joined: 09 Jun 2006
Posts: 14
Followers: 0

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

Jack and Mark both received hourly wage increases of 6 [#permalink] New post 03 Oct 2006, 16:47
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
Jack and Mark both received hourly wage increases of 6 percent. After the wage increases, Jack's hourly wage was how many dollars per hour more than Mark's?

1) Before the increases, Jack's hourly wage was $5 per hour more than Mark's.

2) Before the wage increases, the ratio of Jack's hourly wage to Mark's was 4:3.
Senior Manager
Senior Manager
avatar
Joined: 13 Sep 2006
Posts: 282
Location: New York
Followers: 1

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

 [#permalink] New post 03 Oct 2006, 19:03
My vote is for A.

Statement 1:

difference between salaries is $5. Pick numbers...30 and 35 + 6% increase yields a difference of $5.30. You get the same exact value when you pick other numbers that are $5 apart (i.e 42 and 37). So the dollar difference will always be $5 (+change bue question asks about $ difference)

Statement 2:
Not enough information. 4:3 ratio could mean that one person makes $12 and the other makes $9 or that one person makes $40 and the other $30. Difference in salary would vary widely then - not sufficient.
Director
Director
avatar
Joined: 17 Jul 2006
Posts: 716
Followers: 1

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

 [#permalink] New post 04 Oct 2006, 06:23
A sufficient.

Since both has no change in their salary number (ex 40 and 45) and percentage increase also the same, the new salary revised would be the same difference. So A stands.
Current Student
User avatar
Joined: 29 Jan 2005
Posts: 5252
Followers: 23

Kudos [?]: 134 [0], given: 0

Reviews Badge
 [#permalink] New post 04 Oct 2006, 06:29
Matrix02 wrote:
My vote is for A.

Statement 1:

difference between salaries is $5. Pick numbers...30 and 35 + 6% increase yields a difference of $5.30. You get the same exact value when you pick other numbers that are $5 apart (i.e 42 and 37). So the dollar difference will always be $5 (+change bue question asks about $ difference)

Statement 2:
Not enough information. 4:3 ratio could mean that one person makes $12 and the other makes $9 or that one person makes $40 and the other $30. Difference in salary would vary widely then - not sufficient.


Interesting observation. Tried the same with $100 and $105 and it also came out to a $5.30 difference.

(A)
1 KUDOS received
Senior Manager
Senior Manager
User avatar
Joined: 28 Aug 2006
Posts: 302
Followers: 10

Kudos [?]: 81 [1] , given: 0

 [#permalink] New post 05 Oct 2006, 00:45
1
This post received
KUDOS
We do not need any examples here.........
Initially J-M = 5
Now it will be 106%(J)- 106%(M)
ie 106%(J-M) = 106% (5) = 5.3$
So A
_________________

Averages Accelerated:Guide to solve Averages Quickly(with 10 practice problems)

  [#permalink] 05 Oct 2006, 00:45
    Similar topics Author Replies Last post
Similar
Topics:
7 Experts publish their posts in the topic Jack and Mark both received hourly wage increases of 6 perce docabuzar 4 27 Jan 2012, 04:10
1 Jack and Mark both received hourly wage increases of 6 irishspring 9 01 Jun 2008, 12:00
Added to the increase in hourly wages requested last July, ywilfred 2 06 Sep 2005, 06:29
8 Added to the increase in hourly wages requested last July, wild_desperado 13 27 Jun 2005, 00:45
Added to the increase in hourly wages requested last July, WinWinMBA 2 14 May 2005, 12:28
Display posts from previous: Sort by

Jack and Mark both received hourly wage increases of 6

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

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®.