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11 Feb 2015, 06:37
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
91% (01:08) correct
9%
(02:03)
wrong
based on 69
sessions
History
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A tourist does not have to pay tax on the first $600 of goods he purchases in Country B, but does have to pay a 9 percent tax on the portion of the total value that is in excess of $600. What tax must be paid by a tourist if he buys goods with a total value of $1720?
A. $54.00
B. $64.80
C. $90.00
D. $100.80
E. $154.80
Kudos for a correct solution.
A. $54.00
B. $64.80
C. $90.00
D. $100.80
E. $154.80
Kudos for a correct solution.
shelrod007
Joined: 23 Jan 2013
Last visit: 16 Sep 2016
Posts: 99
Given Kudos: 41
Concentration: Technology, Other
Schools: Berkeley Haas
GMAT Date: 01-14-2015
WE:Information Technology (Computer Software)
11 Feb 2015, 07:56
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Found this a rather simple one
Amount Excess of 600 = 1720 - 600
= 1120
Tax of 9% on 1120 , Now if we look closer we can easily eliminate A , B , C as well as E on the basis that if the tax was 10 % amount to be paid would be 112 . Since it is less than 10 % amount would be slightly lesser i.e 100.8 .
9 * 1120 / 100 = 100.80
Answer is D
Amount Excess of 600 = 1720 - 600
= 1120
Tax of 9% on 1120 , Now if we look closer we can easily eliminate A , B , C as well as E on the basis that if the tax was 10 % amount to be paid would be 112 . Since it is less than 10 % amount would be slightly lesser i.e 100.8 .
9 * 1120 / 100 = 100.80
Answer is D
11 Feb 2015, 20:27
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Answer = D. $100.80
Taxable amount = 1720-600 = 1120
Tax \(= 1120 * \frac{9}{100} = \frac{1008}{10} = 100.8\)
Taxable amount = 1720-600 = 1120
Tax \(= 1120 * \frac{9}{100} = \frac{1008}{10} = 100.8\)
