Find all School-related info fast with the new School-Specific MBA Forum
Learn more about the recent changes... close

It is currently 21 May 2013, 07:44
Customize  |  Hide

Search
Register
New posts
Unanswered

The purchase price of Beth's new car, including the sales

  Question banks Downloads My Bookmarks Reviews  
  Oldest Best Reply
Search for:
 
Print view
First unread post
Author Message
TAGS:
SVP
SVP
User avatar
Joined: 30 Mar 2006
Posts: 1744
Followers: 1

Kudos [?]: 12 [0], given: 0

GMAT Tests User
The purchase price of Beth's new car, including the sales [#permalink] New post 18 Jun 2006, 03:47
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
The purchase price of Beth's new car, including the sales tax, is $8,000. If she finances the car, making a down payment of $2,000 and paying off the rest in equal monthly installments, what will be the total cost of the car, including the sales tax and financing ?
(1) The installments are to be $200 per month.
(2) The installments will extend over a period of exactly 3 years
Manager
Manager
Joined: 12 Apr 2006
Posts: 221
Location: India
Followers: 1

Kudos [?]: 17 [0], given: 17

GMAT Tests User
 [#permalink] New post 18 Jun 2006, 04:45
It should be C

Statement 1: Gives the installment amount but not the time. Insufficient
Statement 2: Gives the time but not the amount. Insufficient

Statement 1 + Statement 2 gives the installment amount as well as the time required. Enough to answer so C
Current Student
User avatar
Joined: 29 Jan 2005
Posts: 5289
Followers: 17

Kudos [?]: 90 [0], given: 0

GMAT Tests User Reviews Badge
 [#permalink] New post 18 Jun 2006, 05:26
(C) The installments include the interest.
Director
Director
User avatar
Joined: 07 Jun 2006
Posts: 516
Followers: 7

Kudos [?]: 62 [0], given: 0

GMAT Tests User
Re: DS Word Problem [#permalink] New post 18 Jun 2006, 10:12
jaynayak wrote:
The purchase price of Beth's new car, including the sales tax, is $8,000. If she finances the car, making a down payment of $2,000 and paying off the rest in equal monthly installments, what will be the total cost of the car, including the sales tax and financing ?
(1) The installments are to be $200 per month.
(2) The installments will extend over a period of exactly 3 years


total = initial + (rate * time)
8000 = 2000 + (it), we need i and t, so we need (1) and (2),

(C)
_________________

http://onwardtomba.blogspot.com - MBA, GMAT, INSEAD - the journey.
My 7 GMAT Quant Strategies/Trap
My GMAT Debrief

Re: DS Word Problem   [#permalink] 18 Jun 2006, 10:12
    Similar topics Author Replies Last post
Similar
Topics:
 New posts Over the last 25 years, the average price paid for a new car ronybtl 9 08 Nov 2005, 07:30
New posts A car importer increases the price by 1000$ . At the new rxs0005 1 18 Aug 2006, 04:07
New posts The price of the car includes a 20% mark-up. By what percent vishalgc 3 17 Oct 2008, 06:14
New posts 2 Sale Price nitindas 4 14 Mar 2009, 16:47
Popular new posts The price of purchasing a car in Country Q is 120 percent crejoc 12 18 Aug 2009, 09:00
Display posts from previous: Sort by

The purchase price of Beth's new car, including the sales

  Question banks Downloads My Bookmarks Reviews  
Print view
First unread post

Moderators: Bunuel, VeritasPrepKarishma, IanStewart

Search for:


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®.

Main navigation

GMAT Resources

Partners

MBA Resources

www.gmac.com|www.mba.com