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

It is currently 21 Oct 2019, 13:39

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

A taxi company costs $2.75 for the first quarter-mile and 12.5 cents

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Find Similar Topics 
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 58396
A taxi company costs $2.75 for the first quarter-mile and 12.5 cents  [#permalink]

Show Tags

New post 28 Jun 2016, 07:05
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

78% (02:01) correct 22% (01:51) wrong based on 41 sessions

HideShow timer Statistics

Retired Moderator
avatar
B
Status: On a mountain of skulls, in the castle of pain, I sit on a throne of blood.
Joined: 30 Jul 2013
Posts: 300
GMAT ToolKit User Reviews Badge
Re: A taxi company costs $2.75 for the first quarter-mile and 12.5 cents  [#permalink]

Show Tags

New post 28 Jun 2016, 07:49
Bunuel wrote:
A taxi company costs $2.75 for the first quarter-mile and 12.5 cents for each additional quarter mile. What is the maximum distance you can travel with $6.50?

A. 4 miles
B. 5 3/4 miles
C. 6 1/2 miles
D. 7 3/4 miles
E. 8 1/4 miles


6.5=2.75+0.125x
0.125x=3.75
x=30 quarter miles--->7.5 miles

0.25+7.5=7.75 miles

Answer: D
Board of Directors
User avatar
D
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4777
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User
Re: A taxi company costs $2.75 for the first quarter-mile and 12.5 cents  [#permalink]

Show Tags

New post 28 Jun 2016, 10:28
Bunuel wrote:
A taxi company costs $2.75 for the first quarter-mile and 12.5 cents for each additional quarter mile. What is the maximum distance you can travel with $6.50?

A. 4 miles
B. 5 3/4 miles
C. 6 1/2 miles
D. 7 3/4 miles
E. 8 1/4 miles


Use reverse calculation-

Total Cost = Fixed Cost ( For 1/4 miles ) + Variable cost ( Distance Travelled )

Or, 6.50 = 2.75 + 0.125 * d

Or, 3.75 = \(\frac{d}{8}\)

Or, d = 30 quarter miles

So, Total Distance = ( 30 + 1 ) Quarter miles

So, Distance = 31/4 => \(7 \frac{3}{4}\) miles

Hence answer will be (D)

_________________
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 )
Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 13383
Re: A taxi company costs $2.75 for the first quarter-mile and 12.5 cents  [#permalink]

Show Tags

New post 28 Mar 2019, 07:29
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.
_________________
GMAT Club Bot
Re: A taxi company costs $2.75 for the first quarter-mile and 12.5 cents   [#permalink] 28 Mar 2019, 07:29
Display posts from previous: Sort by

A taxi company costs $2.75 for the first quarter-mile and 12.5 cents

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  





Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne