Last visit was: 09 Jul 2025, 12:16 It is currently 09 Jul 2025, 12:16
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
User avatar
Chembeti
Joined: 25 Nov 2011
Last visit: 26 Jun 2012
Posts: 123
Own Kudos:
977
 [40]
Given Kudos: 20
Location: India
Concentration: Technology, General Management
GPA: 3.95
WE:Information Technology (Computer Software)
Posts: 123
Kudos: 977
 [40]
1
Kudos
Add Kudos
39
Bookmarks
Bookmark this Post
Most Helpful Reply
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 9 July 2025
Posts: 102,609
Own Kudos:
Given Kudos: 97,813
Products:
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 102,609
Kudos: 739,881
 [16]
8
Kudos
Add Kudos
8
Bookmarks
Bookmark this Post
General Discussion
User avatar
Chembeti
Joined: 25 Nov 2011
Last visit: 26 Jun 2012
Posts: 123
Own Kudos:
977
 [1]
Given Kudos: 20
Location: India
Concentration: Technology, General Management
GPA: 3.95
WE:Information Technology (Computer Software)
Posts: 123
Kudos: 977
 [1]
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 9 July 2025
Posts: 102,609
Own Kudos:
Given Kudos: 97,813
Products:
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 102,609
Kudos: 739,881
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Chembeti
I somehow got confused with the wordings.... :cry:

With the wording of the question or the wording of the solution? Please let me know if anything needs farther clarification.
User avatar
Chembeti
Joined: 25 Nov 2011
Last visit: 26 Jun 2012
Posts: 123
Own Kudos:
Given Kudos: 20
Location: India
Concentration: Technology, General Management
GPA: 3.95
WE:Information Technology (Computer Software)
Posts: 123
Kudos: 977
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
Chembeti
I somehow got confused with the wordings.... :cry:

With the wording of the question or the wording of the solution? Please let me know if anything needs farther clarification.

Your answer is perfect. I got confused with the question. :-D
User avatar
fortsill
Joined: 24 Feb 2012
Last visit: 07 Jun 2012
Posts: 23
Own Kudos:
Given Kudos: 18
Posts: 23
Kudos: 33
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Great approach to min/max questions. With @bunuel around, I guess the learning never ends...thanks.
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 9 July 2025
Posts: 102,609
Own Kudos:
739,881
 [3]
Given Kudos: 97,813
Products:
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 102,609
Kudos: 739,881
 [3]
1
Kudos
Add Kudos
2
Bookmarks
Bookmark this Post
fortsill
Great approach to min/max questions. With @bunuel around, I guess the learning never ends...thanks.

Min/max questions are quite common on the GMAT. Check our question banks for such kind of problems to practice:

DS: search.php?search_id=tag&tag_id=42
PS: search.php?search_id=tag&tag_id=63

Hope it helps.
User avatar
MHI
Joined: 24 Jan 2016
Last visit: 04 Jan 2018
Posts: 16
Own Kudos:
10
 [1]
Posts: 16
Kudos: 10
 [1]
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Answer:B
1- Largest amount of money that the gambler could have received back ⇒ the lost amount is minimum ⇒ $100 amount lost is minimum
2- $20 chips lost was 2 more or 2 less than the number of $100 chips lost ⇒ Lost $100 is minimum and $20 is maximum
-1- and -2- ⇒ $20 chips lost is 9 and $100 chips lost is 7 ⇒ total loss=20x9+100x7=$880 ⇒ He received back=3000-880= $2120
User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 37,364
Own Kudos:
Posts: 37,364
Kudos: 1,010
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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.
Moderators:
Math Expert
102609 posts
PS Forum Moderator
682 posts