Last visit was: 24 Apr 2024, 07:58 It is currently 24 Apr 2024, 07:58

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.
Close
Request Expert Reply
Confirm Cancel
SORT BY:
Date
User avatar
Senior Manager
Senior Manager
Joined: 03 Sep 2006
Posts: 446
Own Kudos [?]: 6776 [34]
Given Kudos: 33
Send PM
Most Helpful Reply
Math Expert
Joined: 02 Sep 2009
Posts: 92902
Own Kudos [?]: 618748 [12]
Given Kudos: 81587
Send PM
Math Expert
Joined: 02 Sep 2009
Posts: 92902
Own Kudos [?]: 618748 [6]
Given Kudos: 81587
Send PM
General Discussion
User avatar
Senior Manager
Senior Manager
Joined: 03 Sep 2006
Posts: 446
Own Kudos [?]: 6776 [0]
Given Kudos: 33
Send PM
Re: Percentages-PS [#permalink]
Bunuel wrote:
LM wrote:
A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for $180. Find the original price of petrol?

A. $11
B. $5
C. $45
D. $400
E. $4


Price decreased by 10%, so 9/10 times, which means that original gallons bought increased 10/9 times. Since this increase equals to 5 gallons then 45 gallons were bought originally (45*10/9=50 --> increase 5 gallons). Hence original price was 180/45=$4.

Answer: E.

P.S. One can also use backsolving to get the answer.

Hope it's clear.


Thanks a lot! How did you quickly arrive at this short method (which I was looking to!) 9/10 decrease will lead to increase of 10/9. This seems to be the key and short cut! Little more explanation or any hint or link within posts would be helpful. Awesome approach!
SVP
SVP
Joined: 27 May 2012
Posts: 1680
Own Kudos [?]: 1422 [5]
Given Kudos: 632
Send PM
Re: A reduction in the price of petrol by 10% enables a motorist [#permalink]
5
Kudos
LM wrote:
A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for $180. Find the original price of petrol?

A. $11
B. $5
C. $45
D. $400
E. $4


initially he got \(x\) gallons for $180 so 1 gallon = \(\frac{180}{x}\)-- old price per gallon

after reduction of price
he got 5 gallons more , \(x+5\) gallons for $180 so 1 gallon = \(\frac{180}{x+5}\)----new price per gallon

now old price decreased by 10%, so 90% of old price = new price

\((\frac{90}{100})(\frac{180}{x}) = \frac{180}{x+5}\) --> simplifying \(\frac{162}{x} = \frac{180}{x+5}\)
now solving for x we get x= 45 ,so initially he got 45 gallons for 180 hence price of 1gallon \(\frac{180}{45} = 4\)
User avatar
Manager
Manager
Joined: 28 Dec 2012
Posts: 88
Own Kudos [?]: 145 [5]
Given Kudos: 94
Location: India
Concentration: Strategy, Finance
WE:Engineering (Energy and Utilities)
Send PM
Re: A reduction in the price of petrol by 10% enables a motorist [#permalink]
5
Kudos
LM wrote:
A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for $180. Find the original price of petrol?

A. $11
B. $5
C. $45
D. $400
E. $4



Here is a short-cut:

Since price decreased by 10% ( i e 1/10) so for same 180$,
quantity increase will be 11.11% (i e 1/9).
So the increase in quantity will be 1/9 of original which is given to be 5.
So original quantity was 5*9 = 45. Thus original price was 180$/45 = 4 $.

Concept explanation:

When ever there are problems involving change (like increase decrease) the numerator is either added or substracted from the denominator to change base. Ex. SP = 600$. Profit % = 20%. Now, Profit in $ ? Profit % is calculated on CP.
Profit% = (P*100/CP) but wee are given SP. SO we change the base from CP to SP. 20% of CP = 1/5 of CP = 1/6 of SP = 1/6 of 600 = 100 $.
We have added numerator to denominator because new base required is SP, which is larger in case of profit. If it were loss, we would have subtracted.
(P/CP )*100% is on base CP (denominator). which can be base changed to SP. SP = P+CP. thus, Profit % can also be shown like (P/(P+CP))*100%

I will be posting so more examples soon... hope this helps and add value to this wonderfull site!!!

Some kudos please.. I need 50.. am working hard to get them!!!
avatar
Intern
Intern
Joined: 08 Jan 2013
Posts: 4
Own Kudos [?]: 6 [1]
Given Kudos: 1
Send PM
Re: A reduction in the price of petrol by 10% enables a motorist [#permalink]
1
Kudos
I have a slightly different approach where we can directly arrive at the original unit price.

Let x be the unit price. We know that we get 5 gallons more after the discount. So the difference is 5.
This difference can be expressed as below

180/.9x minus 180/x = 5 where 180/.9x is the no. of gallons we get after discount and 180/x is the no. of gallons we get before discount

solving for x gives you 180/45 = 4

Hope this approach helps.
thanks,
Mohan
User avatar
Current Student
Joined: 23 Oct 2010
Posts: 235
Own Kudos [?]: 1111 [4]
Given Kudos: 73
Location: Azerbaijan
Concentration: Finance
Schools: HEC '15 (A)
GMAT 1: 690 Q47 V38
Send PM
Re: A reduction in the price of petrol by 10% enables a motorist [#permalink]
3
Kudos
1
Bookmarks
NP=180
0.9P(N+5)=180

0.9P(N+5)=NP
N=45

P=180/45=4
User avatar
VP
VP
Joined: 06 Sep 2013
Posts: 1345
Own Kudos [?]: 2391 [1]
Given Kudos: 355
Concentration: Finance
Send PM
Re: A reduction in the price of petrol by 10% enables a motorist [#permalink]
1
Kudos
LM wrote:
A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for $180. Find the original price of petrol?

A. $11
B. $5
C. $45
D. $400
E. $4


This is more of a word problem, but anyways

One gets (0.9P)(Q+5)=180

Now, once we have this it is better to backsolve. Obviously, D is total out.
I'll start with E since answer choices are not in order and I'm guessing GMAT expects me to work in order

180/4 = 45

Replacing in original equaiton one gets (9/10*4)(50) = 180

It matches so answer is E

Hope it helps
Gimme Kuddos if it does ok?

Cheers!
J :)
Target Test Prep Representative
Joined: 04 Mar 2011
Status:Head GMAT Instructor
Affiliations: Target Test Prep
Posts: 3043
Own Kudos [?]: 6271 [1]
Given Kudos: 1646
Send PM
Re: A reduction in the price of petrol by 10% enables a motorist [#permalink]
1
Bookmarks
Expert Reply
LM wrote:
A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for $180. Find the original price of petrol?

A. $11
B. $5
C. $45
D. $400
E. $4


We can let n = the number of gallons normally purchased, and p = the normal price and create the equations:

p x n = 180

n = 180/p

And

0.9p x (n + 5) = 180

0.9p x (180/p + 5) = 180

162 + 4.5p = 180

4.5p = 18

p = 4

Answer: E
Intern
Intern
Joined: 04 Jul 2023
Posts: 2
Own Kudos [?]: 3 [0]
Given Kudos: 4
Send PM
Re: A reduction in the price of petrol by 10% enables a motorist [#permalink]
Hell Bunuel,

Can you please explain how did we derive to 45?


Bunuel wrote:
LM wrote:
A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for $180. Find the original price of petrol?

A. $11
B. $5
C. $45
D. $400
E. $4


Price decreased by 10%, so 9/10 times, which means that original gallons bought increased 10/9 times. Since this increase equals to 5 gallons then 45 gallons were bought originally (45*10/9=50 --> increase 5 gallons). Hence original price was 180/45=$4.

Answer: E.

P.S. One can also use backsolving to get the answer.

Hope it's clear.
Math Expert
Joined: 02 Sep 2009
Posts: 92902
Own Kudos [?]: 618748 [1]
Given Kudos: 81587
Send PM
Re: A reduction in the price of petrol by 10% enables a motorist [#permalink]
1
Kudos
Expert Reply
anvikaraghav wrote:
Hell Bunuel,

Can you please explain how did we derive to 45?


Bunuel wrote:
LM wrote:
A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for $180. Find the original price of petrol?

A. $11
B. $5
C. $45
D. $400
E. $4


Price decreased by 10%, so 9/10 times, which means that original gallons bought increased 10/9 times. Since this increase equals to 5 gallons then 45 gallons were bought originally (45*10/9=50 --> increase 5 gallons). Hence original price was 180/45=$4.

Answer: E.

P.S. One can also use backsolving to get the answer.

Hope it's clear.


Due to the 10% price reduction, the amount of petrol one could buy increased by a factor of 10/9. If we assume the original amount of petrol purchased was 'x' gallons, then after the price reduction, the amount becomes 'x * 10/9' gallons.

The difference between these two amounts, which is 'x * 10/9 - x', gives us the additional 5 gallons.

When we solve this, we determine that 'x', the original number of gallons bought, was 45.
GMAT Club Bot
Re: A reduction in the price of petrol by 10% enables a motorist [#permalink]
Moderators:
Math Expert
92902 posts
Senior Moderator - Masters Forum
3137 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne