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A bank customer borrowed $10,000, but received y dollars les

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Bunuel
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A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   27 Jun 2014, 05:56
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A bank customer borrowed $10,000, but received y dollars less than this due to discounting. If there was a separate $25 service charge, then, in terms of y, the service charge was what fraction of the amount that the customer received?

A. 25/(10,000 - y)
B. 25/(10,000 - 25y)
C. 25y/(10,000 - y)
D. (y - 25)/(10,000 - y)
E. 25/(10,000 - (y - 25))
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A
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vivekvijayan
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   25 Nov 2014, 21:14
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Should the question be framed a little differently?
I misinterpreted the question and thought that the 25$ were in addition to Y dollars and selected E
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Bunuel
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   27 Jun 2014, 05:57
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Bunuel wrote:

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A bank customer borrowed $10,000, but received y dollars less than this due to discounting. If there was a separate $25 service charge, then, in terms of y, the service charge was what fraction of the amount that the customer received?

A. 25/(10,000 - y)
B. 25/(10,000 - 25y)
C. 25y/(10,000 - y)
D. (y - 25)/(10,000 - y)
E. 25/(10,000 - (y - 25))


The amount of money the customer received was (10,000 - y) dollars. The $25 service charge as a fraction of the amount received was, therefore, 25/(10,000 - y).

Answer: A.
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Vetrik
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   27 Nov 2014, 11:08
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vivekvijayan wrote:
Should the question be framed a little differently?
I misinterpreted the question and thought that the 25$ were in addition to Y dollars and selected E


Vivek...even i that case the denominator would have been 10000-y-25 and not 10000-(y-25)
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   03 Apr 2015, 02:11
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I too thought received amount should be 10,000-y-25.
Service charge as a fraction of received amount should be \(\frac{25}{(10000-y-25)}\).
As I could not find this answer in any option, I selected option A, thinking 10000-y-25 is approximate equal to 10000-y.

Regards,
Ammu
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   01 Jul 2015, 04:56
Bunuel wrote:
Bunuel wrote:

GMAT weekly questions



A bank customer borrowed $10,000, but received y dollars less than this due to discounting. If there was a separate $25 service charge, then, in terms of y, the service charge was what fraction of the amount that the customer received?

A. 25/(10,000 - y)
B. 25/(10,000 - 25y)
C. 25y/(10,000 - y)
D. (y - 25)/(10,000 - y)
E. 25/(10,000 - (y - 25))


The amount of money the customer received was (10,000 - y) dollars. The $25 service charge as a fraction of the amount received was, therefore, 25/(10,000 - y).

Answer: A.



Ok i understood the amount received is 10,000-y and service charge is $25, however ,why 25 is in numerator and why received amount is in the denominator, could someone pls tell me the logic. Thank You.
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   01 Jul 2015, 05:03
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jaspreets wrote:
Bunuel wrote:
Bunuel wrote:

GMAT weekly questions



A bank customer borrowed $10,000, but received y dollars less than this due to discounting. If there was a separate $25 service charge, then, in terms of y, the service charge was what fraction of the amount that the customer received?

A. 25/(10,000 - y)
B. 25/(10,000 - 25y)
C. 25y/(10,000 - y)
D. (y - 25)/(10,000 - y)
E. 25/(10,000 - (y - 25))


The amount of money the customer received was (10,000 - y) dollars. The $25 service charge as a fraction of the amount received was, therefore, 25/(10,000 - y).

Answer: A.



Ok i understood the amount received is 10,000-y and service charge is $25, however ,why 25 is in numerator and why received amount is in the denominator, could someone pls tell me the logic. Thank You.


Read the question carefully: in terms of y, the service charge was what FRACTION of the amount that the customer received?
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   01 Jul 2015, 05:12
Thanks,understood now :)
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   02 May 2017, 17:10
Bunuel wrote:
Bunuel wrote:

GMAT weekly questions



A bank customer borrowed $10,000, but received y dollars less than this due to discounting. If there was a separate $25 service charge, then, in terms of y, the service charge was what fraction of the amount that the customer received?

A. 25/(10,000 - y)
B. 25/(10,000 - 25y)
C. 25y/(10,000 - y)
D. (y - 25)/(10,000 - y)
E. 25/(10,000 - (y - 25))


The amount of money the customer received was (10,000 - y) dollars. The $25 service charge as a fraction of the amount received was, therefore, 25/(10,000 - y).

Answer: A.



won't the amount received be 10000-y-25 ?
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   03 May 2017, 03:24
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ammuseeru wrote:
Bunuel wrote:
Bunuel wrote:

GMAT weekly questions



A bank customer borrowed $10,000, but received y dollars less than this due to discounting. If there was a separate $25 service charge, then, in terms of y, the service charge was what fraction of the amount that the customer received?

A. 25/(10,000 - y)
B. 25/(10,000 - 25y)
C. 25y/(10,000 - y)
D. (y - 25)/(10,000 - y)
E. 25/(10,000 - (y - 25))


The amount of money the customer received was (10,000 - y) dollars. The $25 service charge as a fraction of the amount received was, therefore, 25/(10,000 - y).

Answer: A.



won't the amount received be 10000-y-25 ?


No, it would be 1000 - y: A bank customer borrowed $10,000, but received y dollars less.
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   03 May 2017, 19:08
I am still confused why is the amount finally received be 10000-y-25?? Than you :)
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   03 May 2017, 19:54
muthappashivani wrote:
I am still confused why is the amount finally received be 10000-y-25?? Than you :)


I thought amount received will be "amount borrowed - y dollar - service charge".
If I have to pay service charges then I may consider in hand money be Borrowed- service charges.


Regards,
Amm
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   03 May 2017, 22:33
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ammuseeru wrote:
muthappashivani wrote:
I am still confused why is the amount finally received be 10000-y-25?? Than you :)


I thought amount received will be "amount borrowed - y dollar - service charge".
If I have to pay service charges then I may consider in hand money be Borrowed- service charges.


Regards,
Amm


The stem clearly says that "A bank customer borrowed $10,000, but received y dollars less".
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   06 May 2017, 17:52
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Quote:

A bank customer borrowed $10,000, but received y dollars less than this due to discounting. If there was a separate $25 service charge, then, in terms of y, the service charge was what fraction of the amount that the customer received?

A. 25/(10,000 - y)
B. 25/(10,000 - 25y)
C. 25y/(10,000 - y)
D. (y - 25)/(10,000 - y)
E. 25/(10,000 - (y - 25))


The customer received 10000 - y dollars. Therefore, the service charge was 25/(10000 - y) of the amount that the customer received.

Answer: A
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   26 Aug 2022, 23:09
Very poorly sentenced question. If service charge is involved one would expect it to be added to the amount obtained after the discount applied
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Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   22 Sep 2022, 03:06
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SUV0508 wrote:
Very poorly sentenced question. If service charge is involved one would expect it to be added to the amount obtained after the discount applied


Mind you that this is an official question. The wording is as good as it gets.
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A bank customer borrowed $10,000, but received y dollars les [#permalink] New post   02 Jun 2023, 15:16
Bunuel wrote:
SUV0508 wrote:
Very poorly sentenced question. If service charge is involved one would expect it to be added to the amount obtained after the discount applied


Mind you that this is an official question. The wording is as good as it gets.


Bunuel, please explain "If there was a separate $25 service charge" - What role does the word "separate" plays here.

Thanks!
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A bank customer borrowed $10,000, but received y dollars les [#permalink]
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