GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 26 Apr 2019, 09:01

### 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

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

### Show Tags

27 Jun 2014, 05:56
2
9
00:00

Difficulty:

25% (medium)

Question Stats:

74% (01:36) correct 26% (02:16) wrong based on 421 sessions

### HideShow timer Statistics

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))

_________________
Math Expert
Joined: 02 Sep 2009
Posts: 54696
Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] ### Show Tags 27 Jun 2014, 05:57 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).

_________________
SVP
Status: The Best Or Nothing
Joined: 27 Dec 2012
Posts: 1813
Location: India
Concentration: General Management, Technology
WE: Information Technology (Computer Software)

### Show Tags

28 Jul 2014, 01:52
The question asks : 25 $of Amount received. Amount = 10,000$- y

Hence 25 $of (10,000$-y) --> 25/(10,000-y). A.
Intern
Joined: 25 Oct 2014
Posts: 6
Location: United States
Concentration: Marketing, Healthcare
GMAT Date: 12-17-2014
GPA: 3.7

### Show Tags

25 Nov 2014, 21:14
1
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 Intern Joined: 04 Jul 2014 Posts: 46 Schools: Smeal" 20 Re: A bank customer borrowed$10,000, but received y dollars les  [#permalink]

### Show Tags

27 Nov 2014, 11:08
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) Senior Manager Joined: 17 Mar 2014 Posts: 432 A bank customer borrowed$10,000, but received y dollars les  [#permalink]

### Show Tags

03 Apr 2015, 02:11
1
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
Intern
Joined: 10 Dec 2012
Posts: 41
Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] ### Show Tags 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).

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. Math Expert Joined: 02 Sep 2009 Posts: 54696 Re: A bank customer borrowed$10,000, but received y dollars les  [#permalink]

### Show Tags

01 Jul 2015, 05:03
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?
_________________
Intern
Joined: 10 Dec 2012
Posts: 41

### Show Tags

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 ? Math Expert Joined: 02 Sep 2009 Posts: 54696 Re: A bank customer borrowed$10,000, but received y dollars les  [#permalink]

### Show Tags

03 May 2017, 03:24
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.
_________________
Intern
Joined: 16 Nov 2016
Posts: 30
Location: India
GPA: 3.78
WE: Accounting (Accounting)

### Show Tags

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
Math Expert
Joined: 02 Sep 2009
Posts: 54696
Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] ### Show Tags 03 May 2017, 22:33 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".
_________________
Senior SC Moderator
Joined: 22 May 2016
Posts: 2654
A bank customer borrowed $10,000, but received y dollars les [#permalink] ### Show Tags 06 May 2017, 06:54 Bunuel wrote: 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".

Respectfully, "received" in this context is ambiguous. We know that he received y dollars less. Yes, the stem clearly says those words. But he also "received" 25 dollars less, and absence of explicit mention does not equal proof that it should not be considered.

I came at it both ways, got answers A and E, decided that the question was testing subtlety, and chose E.

I think answer E supports the perception that the question tests the subtlety of an ambiguous word -- especially because by definition discounted loans require all interest and fees to be paid up front, and because answer E is VERY close, but not identical.

I didn't catch the that E was close but not identical. If I had, I'd have known the question meant "ONLY less y dollars."

Here's the reply, from Vetrik , that let me know which side of the ambiguity the question came down on*:
-----------------------
Vivek...even if [it were the case that the question implies that $25] also should have been deducted ... the denominator would have been 10000-y-25 and not 10000-(y-25). ------------------------ In close cases from now on I will write out the answer choice! Just as in editing prose, the eye often sees, inaccurately, what the mind wants it to see. *apologies, can't get the regular quote function to work _________________ Listen, are you breathing just a little, and calling it a life? -- Mary Oliver For practice SC questions with official explanations that were posted and moderated by the SC Team, go to SC Butler here: https://gmatclub.com/forum/project-sc-butler-get-2-sc-questions-everyday-281043.html Target Test Prep Representative Status: Founder & CEO Affiliations: Target Test Prep Joined: 14 Oct 2015 Posts: 5872 Location: United States (CA) Re: A bank customer borrowed$10,000, but received y dollars les  [#permalink]

### Show Tags

06 May 2017, 17:52
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.

_________________

# Scott Woodbury-Stewart

Founder and CEO

Scott@TargetTestPrep.com
122 Reviews

5-star rated online GMAT quant
self study course

See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews

Manager
Joined: 04 Jul 2017
Posts: 59
Location: India
Concentration: Marketing, General Management
GPA: 1
WE: Analyst (Consulting)
Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] ### Show Tags 14 Aug 2017, 13:22 I got the answer as 25/(10,000-y-25). Since there was no such option, I came here. With all due respects, the language of the question is clearly wrong. It says in the second sentence that a separate$25 is charged. The word "separate" re-emphasizes that 25 is in addition to other things, at least for me
Non-Human User
Joined: 09 Sep 2013
Posts: 10651
Re: A bank customer borrowed $10,000, but received y dollars les [#permalink] ### Show Tags 03 Apr 2019, 08:32 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. _________________ Re: A bank customer borrowed$10,000, but received y dollars les   [#permalink] 03 Apr 2019, 08:32
Display posts from previous: Sort by