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

It is currently 23 Oct 2014, 07:14

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

Mark is playing poker at a casino. Mark starts playing with

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
VP
VP
avatar
Joined: 30 Sep 2004
Posts: 1493
Location: Germany
Followers: 4

Kudos [?]: 52 [0], given: 0

Mark is playing poker at a casino. Mark starts playing with [#permalink] New post 11 Nov 2004, 03:59
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 1 sessions
Mark is playing poker at a casino. Mark starts playing with 140 chips, 20% of which are $100 chips and 80% of which are $20 chips. For his first bet, Mark places chips, 10% of which are $100 chips, in the center of the table. If 70% of Mark's remaining chips are $20 chips, how much money did Mark bet?

A. $1,960
B. $1,740
C. $1,540
D. $3,080
E. $2,640
Senior Manager
Senior Manager
avatar
Joined: 19 May 2004
Posts: 291
Followers: 1

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

 [#permalink] New post 11 Nov 2004, 06:23
A. 1960.

Let's say he bet X $100 chips, which means 9X $20 chips.
Out of the 140 chips, 112 are $20 chips and 28 are $100 chips.

0.7*(140-10X) = 112-9X.

You get X=7.

7*100 + 9*7*20 = 1960.
  [#permalink] 11 Nov 2004, 06:23
    Similar topics Author Replies Last post
Similar
Topics:
6 Experts publish their posts in the topic Harold plays a game in which he starts with $2. carcass 9 04 Sep 2012, 17:18
Marks In gre swatidenre 1 16 Sep 2011, 18:06
11 Experts publish their posts in the topic Let's play poker. Bunuel 16 07 Oct 2009, 12:45
plays vcbabu 2 04 Jun 2009, 10:37
Starting with $100 in her purse, Selma plays a game in which kevincan 2 21 Aug 2006, 05:16
Display posts from previous: Sort by

Mark is playing poker at a casino. Mark starts playing with

  Question banks Downloads My Bookmarks Reviews Important topics  


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®.