It is currently 24 Jun 2017, 00:39

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

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

A store owner decided to raise the price of a particular

Author Message
TAGS:

Hide Tags

Manager
Joined: 07 Aug 2011
Posts: 58
Concentration: Entrepreneurship, Finance
GPA: 3.87
A store owner decided to raise the price of a particular [#permalink]

Show Tags

11 Mar 2012, 00:04
1
KUDOS
9
This post was
BOOKMARKED
00:00

Difficulty:

5% (low)

Question Stats:

79% (01:56) correct 21% (00:57) wrong based on 301 sessions

HideShow timer Statistics

I could figure this one out in about two seconds if I had a calculator, but I hear that's not allowed on the GMAT, so I need to know how to get this answer quick by hand. Thanks!

A store owner decided to raise the price of a particular item by exactly 10%. Of the following which is NOT the new price?

A. $1.10 B.$8.80
C. $11.00 D.$57.30
E. $78.10 [Reveal] Spoiler: OA SVP Joined: 16 Nov 2010 Posts: 1664 Location: United States (IN) Concentration: Strategy, Technology Re: Price Percentage Increase, Find Original Price. [#permalink] Show Tags 11 Mar 2012, 00:17 3 This post received KUDOS The new price should be divisible by 11 , because new price = 1.1 * old price. Answer is D, because it's not divisible by 11. _________________ Formula of Life -> Achievement/Potential = k * Happiness (where k is a constant) GMAT Club Premium Membership - big benefits and savings Math Expert Joined: 02 Sep 2009 Posts: 39626 Re: A store owner decided to raise the price of a particular [#permalink] Show Tags 11 Mar 2012, 00:39 2 This post received KUDOS Expert's post 1 This post was BOOKMARKED Stoneface wrote: I could figure this one out in about two seconds if I had a calculator, but I hear that's not allowed on the GMAT, so I need to know how to get this answer quick by hand. Thanks! A store owner decided to raise the price of a particular item by exactly 10%. Of the following which is NOT the new price? A.$1.10
B. $8.80 C.$11.00
D. $57.30 E.$78.10

Old Price * 1.1 = New Price -> Old Price * 11 = New Price *10 --> the new price in cents must be a multiple of 11 (assuming that the new price in cents is an integer);

To check which price is a multiple of 11 and which is not you should use divisibility rule for 11: if you sum every second digit of a number and then subtract the sum of all other digits and the answer is divisible by 11, then the number is divisible by 11. Only answer choice D, 5730 cents, is not divisible by 11: (7+0)-(5+3)=-1, which is not divisible by 11

Check for more divisibility rules here: math-number-theory-88376.html

Hope it helps.
_________________
Math Forum Moderator
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 2893
Location: India
GPA: 3.5
A store owner decided to raise the price of a particular [#permalink]

Show Tags

14 Apr 2016, 11:16
1
KUDOS
stonecold wrote:
Abhishek009 wrote:
stonecold wrote:
Completely DISAGREE
For non integers every answer works..

Is it so ? I never bothered to check that please provide us with your explanation..

Lets check again.

see
Every answer is valid Except D (as you put it) ..
D will be valid if => x= 573/11
Hence D will be valid too

Remember No one told us that x needs be an integer ..

Let price be x { we do not know whether it is even / odd/ integer / whole number}

The store owner decided to raise the price of a particular item by exactly 10%, so the new price must be x *110 /100 =>1.1x

So, The new number must be 1.1 times the original price.

Now, check option (D)

1.1x = 57.30
So, x = 57.30/1.1 ~ 52.09 (Approximately)

But the Same is not with option (E)

1.1x = 78.10
x = 71

So IMHO (D) does not fall into the group....

_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

Math Forum Moderator
Joined: 13 Apr 2015
Posts: 1484
Location: India
Concentration: Strategy, General Management
WE: Information Technology (Consulting)
A store owner decided to raise the price of a particular [#permalink]

Show Tags

14 Apr 2016, 11:44
1
KUDOS
Hi stonecold,

Abhishek is right. Option D is correct.

When 573 is divided by 11 we get a remainder 1.
1/11 is non terminating and the question states that the increase is exactly 10%.

Since the value is non terminating, original price cannot be accurately determined. The original value can be 52.0909090909.........................
EMPOWERgmat Instructor
Status: GMAT Assassin/Co-Founder
Affiliations: EMPOWERgmat
Joined: 19 Dec 2014
Posts: 9257
Location: United States (CA)
GMAT 1: 800 Q51 V49
GRE 1: 340 Q170 V170
Re: A store owner decided to raise the price of a particular [#permalink]

Show Tags

14 Apr 2016, 12:07
1
KUDOS
Expert's post
Hi stonecold,

This question is still 'restricted' to the reality of 'dollars and cents.' While Answer D could be divided by 1.1, you would end up with a repeating decimal in the original price of that item. Regardless of how hard you look, you will never find a store that charges you a price that includes a repeating decimal.

GMAT assassins aren't born, they're made,
Rich
_________________

760+: Learn What GMAT Assassins Do to Score at the Highest Levels
Contact Rich at: Rich.C@empowergmat.com

Rich Cohen

Co-Founder & GMAT Assassin

Special Offer: Save $75 + GMAT Club Tests 60-point improvement guarantee www.empowergmat.com/ ***********************Select EMPOWERgmat Courses now include ALL 6 Official GMAC CATs!*********************** Manager Joined: 07 Aug 2011 Posts: 58 Concentration: Entrepreneurship, Finance GPA: 3.87 Re: A store owner decided to raise the price of a particular [#permalink] Show Tags 11 Mar 2012, 00:50 But (8+0)-(7+1)=0, and zero isn't divisble by 11, either. Is zero exempt from the rule? Math Expert Joined: 02 Sep 2009 Posts: 39626 Re: A store owner decided to raise the price of a particular [#permalink] Show Tags 11 Mar 2012, 00:53 Stoneface wrote: But (8+0)-(7+1)=0, and zero isn't divisble by 11, either. Is zero exempt from the rule? Zero is divisible by EVERY integer except zero itself, since 0/integer=integer. Check for more number properties hints/tips/rules the link in my previous topic. _________________ Current Student Joined: 06 Sep 2013 Posts: 1998 Concentration: Finance Re: A store owner decided to raise the price of a particular [#permalink] Show Tags 25 Nov 2013, 11:33 Stoneface wrote: I could figure this one out in about two seconds if I had a calculator, but I hear that's not allowed on the GMAT, so I need to know how to get this answer quick by hand. Thanks! A store owner decided to raise the price of a particular item by exactly 10%. Of the following which is NOT the new price? A.$1.10
B. $8.80 C.$11.00
D. $57.30 E.$78.10

10% increase = 1.1x where x is the original amount.
1.1 = 11/10. So the answer must be a multiple of 11.
Only answer choice that is not a multiple of 11 is D.

Hence D

Hope it helps!
Cheers
J
Current Student
Joined: 21 Oct 2013
Posts: 193
Location: Germany
GMAT 1: 660 Q45 V36
GPA: 3.51
Re: A store owner decided to raise the price of a particular [#permalink]

Show Tags

18 Dec 2013, 04:55
jlgdr wrote:
Stoneface wrote:
I could figure this one out in about two seconds if I had a calculator, but I hear that's not allowed on the GMAT, so I need to know how to get this answer quick by hand. Thanks!

A store owner decided to raise the price of a particular item by exactly 10%. Of the following which is NOT the new price?

A. $1.10 B.$8.80
C. $11.00 D.$57.30
E. $78.10 10% increase = 1.1x where x is the original amount. 1.1 = 11/10. So the answer must be a multiple of 11. Only answer choice that is not a multiple of 11 is D. Hence D Hope it helps! Cheers J A 1 * 1.1 = 1.10$
B 8 * 1.1 = 8.80 $C 10* 1.1 = 11$
D - strange Number
E 71 * 1.1 = 78.1 $since D is the only answer, where I couldn't calculate the percents right away, I chose D. BUT if the store owner had strange prices like 52.09$ the new price would be 57.30 $. Is this a real GMAT question? Because it says nowhere that the original price has to be integer. greetings Current Student Joined: 06 Sep 2013 Posts: 1998 Concentration: Finance Re: A store owner decided to raise the price of a particular [#permalink] Show Tags 18 Dec 2013, 05:11 No, it doesn't and thats why the question is somewhat flawed Cheers J Posted from my mobile device GMAT Club Legend Joined: 09 Sep 2013 Posts: 15935 Re: A store owner decided to raise the price of a particular [#permalink] Show Tags 12 Jan 2015, 14:12 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. _________________ EMPOWERgmat Instructor Status: GMAT Assassin/Co-Founder Affiliations: EMPOWERgmat Joined: 19 Dec 2014 Posts: 9257 Location: United States (CA) GMAT 1: 800 Q51 V49 GRE 1: 340 Q170 V170 Re: A store owner decided to raise the price of a particular [#permalink] Show Tags 12 Jan 2015, 14:39 Expert's post 1 This post was BOOKMARKED Hi All, This question has a great "pattern-matching" shortcut built into it, but you'll have to pay attention to the answer choices to see it. We're told that a store owner raises the price of an item by 10%. We're asked which of the 5 answers could NOT possibly be the new price. In this scenario, it's real easy to come up with a simple example of what the store owner did. IF.... price =$1, then new price = $1.10 You'll notice that answer is Answer A. Answer B is just 8 times$1.10, which makes sense because 10% of 8 is 0.80...

IF...
price = $8, then new price =$8.80

So the shortcut is just to find the answers that are multiples of $1.10 Answer C is another quick "find" - it's 10 times$1.10

Between D and E, you have to do a little work, but if you "break down" E, you get....

78.10 = 77.00 + 1.10

77.00 = 70 + 7 (which is 10% of 70)
1.10 = 1 + 0.1 (which is 10% of 1)
So E is another multiple of $1.10 That leaves just one answer.... Final Answer: [Reveal] Spoiler: D GMAT assassins aren't born, they're made, Rich _________________ 760+: Learn What GMAT Assassins Do to Score at the Highest Levels Contact Rich at: Rich.C@empowergmat.com Rich Cohen Co-Founder & GMAT Assassin Special Offer: Save$75 + GMAT Club Tests

60-point improvement guarantee
www.empowergmat.com/

***********************Select EMPOWERgmat Courses now include ALL 6 Official GMAC CATs!***********************

GMAT Club Legend
Joined: 09 Sep 2013
Posts: 15935
Re: A store owner decided to raise the price of a particular [#permalink]

Show Tags

24 Feb 2016, 18:02
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.
_________________
BSchool Forum Moderator
Joined: 12 Aug 2015
Posts: 2185
Re: A store owner decided to raise the price of a particular [#permalink]

Show Tags

14 Apr 2016, 04:45
Hey EMPOWERgmatRichC You are assuming here that the price is an INteger..
What if its NOT...
My Guess is => THIS IS A WRONG QUESTION AS ALL OPTIONS ARE POSSIBLE..
_________________

Give me a hell yeah ...!!!!!

Math Forum Moderator
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 2893
Location: India
GPA: 3.5
Re: A store owner decided to raise the price of a particular [#permalink]

Show Tags

14 Apr 2016, 10:52
stonecold wrote:
Hey EMPOWERgmatRichC You are assuming here that the price is an INteger..
What if its NOT...
My Guess is => THIS IS A WRONG QUESTION AS ALL OPTIONS ARE POSSIBLE..

Let price be $10 The store owner decided to raise the price of a particular item by exactly 10%, so the new price must be 110 *10 /100 =>11 So, The new price must be a multiple of 11 From the given options check for all the multiples of 11 Test of divisibility of 11 is  " if the difference of the sum of digits at odd places and the sum of its digits at even places, is either 0 or divisible by 11, then clearly the number is divisible by 11." A.$1.10
B. $8.80 C.$11.00

By a quick glance even a 2nd grader can eliminate options A,B and C , because they are all divisible by 11 , let with only 2 options check for the divisibility rule for options D and E

D. $57.30 Sum of even digits is 5+3 = 8 Sum of odd digits is 7 +0 = 7 Difference of the even and odd digits is 8 - 7 = 1 ; not divisible by 11 Hence this is our answer. E.$78.10

Further inspection is not required since we have already found out the answer at (D)

stonecold No question of treating the number as integers / not take it as it is given in the question stem.
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

BSchool Forum Moderator
Joined: 12 Aug 2015
Posts: 2185
Re: A store owner decided to raise the price of a particular [#permalink]

Show Tags

14 Apr 2016, 10:56
Abhishek009 wrote:
stonecold wrote:
Hey EMPOWERgmatRichC You are assuming here that the price is an INteger..
What if its NOT...
My Guess is => THIS IS A WRONG QUESTION AS ALL OPTIONS ARE POSSIBLE..

Let price be $10 The store owner decided to raise the price of a particular item by exactly 10%, so the new price must be 110 *10 /100 =>11 So, The new price must be a multiple of 11 From the given options check for all the multiples of 11 Test of divisibility of 11 is  " if the difference of the sum of digits at odd places and the sum of its digits at even places, is either 0 or divisible by 11, then clearly the number is divisible by 11." A.$1.10
B. $8.80 C.$11.00

By a quick glance even a 2nd grader can eliminate options A,B and C , because they are all divisible by 11 , let with only 2 options check for the divisibility rule for options D and E

D. $57.30 Sum of even digits is 5+3 = 8 Sum of odd digits is 7 +0 = 7 Difference of the even and odd digits is 8 - 7 = 1 ; not divisible by 11 Hence this is our answer. E.$78.10

Further inspection is not required since we have already found out the answer at (D)

stonecold No question of treating the number as integers / not take it as it is given in the question stem.

Completely DISAGREE
For non integers every answer works..

_________________

Give me a hell yeah ...!!!!!

Math Forum Moderator
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 2893
Location: India
GPA: 3.5
Re: A store owner decided to raise the price of a particular [#permalink]

Show Tags

14 Apr 2016, 11:02
stonecold wrote:
Completely DISAGREE
For non integers every answer works..

Is it so ? I never bothered to check that please provide us with your explanation..

Lets check again.
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

BSchool Forum Moderator
Joined: 12 Aug 2015
Posts: 2185
A store owner decided to raise the price of a particular [#permalink]

Show Tags

14 Apr 2016, 11:07
Abhishek009 wrote:
stonecold wrote:
Completely DISAGREE
For non integers every answer works..

Is it so ? I never bothered to check that please provide us with your explanation..

Lets check again.

see
Every answer is valid Except D (as you put it) ..
D will be valid if => x= 573/11
Hence D will be valid too

Remember No one told us that x needs be an integer ..
_________________

Give me a hell yeah ...!!!!!

BSchool Forum Moderator
Joined: 12 Aug 2015
Posts: 2185
A store owner decided to raise the price of a particular [#permalink]

Show Tags

14 Apr 2016, 11:20
Yes..Abhishek009
But the Question is Which of the following Cannot be the value of x
hence we cannot say which one.
x needs to be an integer here
P.S - We can play along all day .. Every value is valid unless stated otherwise
CC :- Vyshak
_________________

Give me a hell yeah ...!!!!!

A store owner decided to raise the price of a particular   [#permalink] 14 Apr 2016, 11:20

Go to page    1   2    Next  [ 21 posts ]

Similar topics Replies Last post
Similar
Topics:
3 A certain retailer decided to raise its prices by p%. When, as a resul 4 23 Feb 2017, 10:29
14 If a stationery store owner buys 50% more identically-priced calendars 6 21 Mar 2017, 06:06
A furniture store owner decided to drop the price of her recliners by 4 04 Feb 2016, 02:40
If a store owner increases a product’s price by 20 percent and then in 2 14 Dec 2015, 18:05
A store raised the price of an item by exactly 10 percent. Which of th 5 23 Jul 2010, 11:35
Display posts from previous: Sort by