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.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

Last year, if Arturo spent a total of $12,000 on his mortgage payments [#permalink]

Show Tags

23 Mar 2011, 07:24

1

This post was BOOKMARKED

00:00

A

B

C

D

E

Difficulty:

35% (medium)

Question Stats:

61% (02:20) correct
39% (01:07) wrong based on 165 sessions

HideShow timer Statistics

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.

Re: Last year, if Arturo spent a total of $12,000 on his mortgage payments [#permalink]

Show Tags

23 Mar 2011, 07:39

2

This post received KUDOS

gtr022001 wrote:

88. 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 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 mortgage payments and home insurance.

i'll add OA later

Let we denote the spending by M,R and I

M+R+I=12000

R=?

1. R+I=0.33M R= 0.33M-I M+R+I=12000 We just have two equations and 3 variables. Also, we can't get rid of any variable from the given conditions. Not Sufficient.

Re: Last year, if Arturo spent a total of $12,000 on his mortgage payments [#permalink]

Show Tags

08 Nov 2011, 12:59

1

This post received KUDOS

1

This post was BOOKMARKED

given : r+m+h = 12,000 What is r? (1) \(r+h = 1/3 m\) substituting in the given equation gives: m + m/3 = 12000. We can only solve for m but can go no further. Insufficient (2) \(r= 20/100 (m+h)\) 5r = m+h. substituting in the given equation 5r + r = 12000 r = 2000. Sufficient.

Re: Last year, if Arturo spent a total of $12,000 on his mortgage payments [#permalink]

Show Tags

05 Dec 2011, 22:16

T+M+I=12K

Statement 2: T= .2(M+I)= .2(12k-T) can be solved for T. sufficient. Statement 1: T+I=.33M using stem, we can solve for M, but we still have 2 variable to solve. Not Sufficient.

Re: Last year, if Arturo spent a total of $12,000 on his mortgage payments [#permalink]

Show Tags

01 Mar 2015, 12:33

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.
_________________

This question is a measure of your Algebra skills and whether you recognize when you have enough "comparison" information to answer a given question or not.

We're told that $12,000 was spent (in total) on mortgage payments, real estate taxes and home insurance. We're asked for the total spent on real estate taxes.

First, let's set up an equation:

M = money spent on mortgage payments R = money spent on real estate taxes H = money spent on home insurance

M + R + H = 12,000 We are asked for the value of R.

Fact 1: The amounts spend on real estate and home insurance are 33% of what was spent on mortgage payments.

From this information, we can create 1 equation:

R + H = .33(M)

From this, we can solve for M by substituting in the value of (R+H)....

M + (.33M) = 12,0000 1.33M = 12,000

HOWEVER, we CANNOT get the value of R from this. Fact 1 is INSUFFICIENT

Fact 2: The amount spent on real estate is 20% of the total spent on mortgage payments and home insurance.

Here, we can also create 1 equation:

R = .2(M + H) 5R = (M+H)

We can now substitute in the value of (M+H)

R + 5R = 12,000 6R = 12,0000 R = 2,000, so we have answered the question. Fact 2 is SUFFICIENT.

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.

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.

Hey, guys, So, I’ve decided to run a contest in hopes of getting the word about the site out to as many applicants as possible this application season...

Whether you’re an entrepreneur, aspiring business leader, or you just think that you may want to learn more about business, the thought of getting your Masters in Business Administration...

Whether you’re an entrepreneur, aspiring business leader, or you just think that you may want to learn more about business, the thought of getting your Masters in Business Administration...