Hi All,
To start, this question has some vague language in it - but we're meant to assume that all of the buses travel at the same constant speed and the cyclist is traveling at a different, constant speed. It can be solved with a mix of TESTing VALUES and TESTing THE ANSWERS - and drawing a little time-table.
To start, since the 1st bus overtakes the cyclist at the 12-minute mark, I'm going to set that distance at 1 mile. Since the cyclist traveled 1 mile in 12 minutes, then the cyclist would travel 5 miles in 60 minutes; the cyclist's speed would be 5 miles/hour.
12:00 Cyclist starts riding
12:12 1st bus passes cyclist
Since we're dealing with speeds and times AND both the times in the prompt (re: 12 minutes and 4 minutes) are EVEN numbers, it's likely that the correct answer will also be an EVEN number. Let's TEST Answer B first....
Answer B: 6 minutes
If the 'chasing' buses leave every 6 minutes, then we can add some more details to our time-table:
12:00 Cyclist starts riding and a bus leaves at the same time (we don't care about this bus though)
12:06: 1st bus leaves
12:12 1st bus passes cyclist
The 1st bus that passed the cyclist had to cover that 1 mile distance in just 6 minutes; that bus would then travel 10 miles in 60 minutes; thus, the bus's speed is 10 miles/hour. Don't forget that buses are leaving every 6 minutes, so there's more info to add to the table:
12:00 Cyclist starts riding and a bus leaves at the same time (we don't care about this bus though)
12:06: 1st bus leaves
12:12 1st bus passes cyclist; 2nd bus leaves
That second bus catches the cyclist at 12:24 - meaning at the 2-mile mark. Does that make sense with the speed of the bus? YES; that bus would travel those 2 miles in those 12 minutes!
12:24 2nd bus passes cyclist
Thus, these calculations 'match up' with what we were told in the prompt. Now, what about the 'approaching' buses...?
Since the cyclist is traveling 5 miles/hour and the buses each travel 10 miles/hour, when they APPROACH one another, we ADD their speeds to find the total distance traveled. In one hour, the total distance traveled between the cyclist and the approaching bus would be 5+10 = 15 miles; so their combined rate is 15 miles/hour. That's 15 miles in 60 minutes or 1 mile every 4 minutes. That 'fits' the other piece of information that we're given; since all of this fits everything that we're told, this MUST be the answer.
GMAT assassins aren't born, they're made,
Rich