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07 Dec 2012, 07:54
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45% (medium)

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63% (02:25) correct 37% (01:42) wrong based on 810 sessions

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Last year, if Arturo spent a total of $12,000 on his mortgage payments, real estate taxes, and home insurance, how much did he spend on his real estate taxes? (1) Last year, the total amount that Arturo spent on his real estate taxes and home insurance was 33 1/3 percent of the amount that he spent on his mortgage payments. (2) Last year, the amount that Arturo spent on his real estate taxes was 20 percent of the total amount he spent on his mortgage payments and home insurance. [Reveal] Spoiler: OA Math Expert Joined: 02 Sep 2009 Posts: 35296 Followers: 6644 Kudos [?]: 85694 [0], given: 10252 Re: Last year if Arturo spent a total of$12,000 on his mortgage [#permalink]

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07 Dec 2012, 08:00
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Last year, if Arturo spent a total of $12,000 on his mortgage payments, real estate taxes, and home insurance, how much did he spend on his real estate taxes? Let M, R, and H be the amounts that Arturo spent on mortgage payments, real estate taxes, and home insurance, respectively. Given: M + R + H = 12,000. Question: R?? (1) Last year, the total amount that Arturo spent on his real estate taxes and home insurance was 33 1/3 percent of the amount that he spent on his mortgage payments --> 33 1/3 percent is 1/3 rd, thus given that R + H = M/3 --> M + R + H = M + M/3 = 12,000 --> M = 9,000 --> R + H = 12,000 - 9,000 = 3,000. R can take more than one value. Not sufficient. (2) Last year, the amount that Arturo spent on his real estate taxes was 20 percent of the total amount he spent on his mortgage payments and home insurance --> given that R = (M + H)/5 --> 5R = M + H --> M + R + H = 5R + R = 12,000 --> 6R = 12,000 --> R = 2,000. Sufficient. Answer: B. _________________ Intern Joined: 19 Jan 2014 Posts: 31 Followers: 0 Kudos [?]: 16 [0], given: 51 Re: Last year if Arturo spent a total of$12,000 on his mortgage [#permalink]

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26 May 2014, 19:43
Last year, if Arturo spent a total of $12,000 on his mortgage payments, real estate taxes, and home insurance, how much did he spend on his real estate taxes? (1) Last year, the total amount that Arturo spent on his real estate taxes and home insurance was 33 1/3 percent of the amount that he spent on his mortgage payments. (2) Last year, the amount that Arturo spent on his real estate taxes was 20 percent of the total amount he spent on his mortgage payments and home insurance. Problem: Tax+Morg+Ins=T+M+I=12 000 (1) T+I=331/3% x (12 000 -T -I) -------- (M=12 000 - T - I) Not sufficient. (2) T=0.2 x (12 000 - T) --------------------(M+I=12 000 - T) Sufficient. T+0.2T=2 400 T=2 400/1.2=2 000 Manhattan GMAT Instructor Joined: 22 Mar 2011 Posts: 883 Followers: 272 Kudos [?]: 712 [3] , given: 25 Re: Last year if Arturo spent a total of$12,000 on his mortgage [#permalink]

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28 May 2014, 12:48
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Quick version:

1) This statement lumps together T and I, so we'll never find T. Insufficient.

2) This relates T to the rest. T = .20(M+I). The ratio of T to other is 1 to 5, so the ratio of T to total is 1 to 6. We can now solve (1/6 of $12,000 is$2,000), but as soon as we see that we know the relation of T to the other parts (when we already know the total), we can stop. Sufficient.
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20 Oct 2016, 05:22
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Re: Last year if Arturo spent a total of $12,000 on his mortgage [#permalink] 20 Oct 2016, 05:22 Similar topics Replies Last post Similar Topics: Last year Charles spent$24,000 total on rare coins, stamps, and books 5 29 Feb 2016, 11:02
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