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# Alice's take-home pay last year was the same each month, and

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Senior Manager
Joined: 19 Mar 2008
Posts: 350
Alice's take-home pay last year was the same each month, and [#permalink]

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02 Aug 2008, 08:06
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Alice's take-home pay last year was the same each month, and she saved the same fraction of her take-home pay each month. The total amount of money that she had saved at the end of the year was 3 times the amount of that portion of her monthly take-home pay that she did not save. if all the money that she saved last year was from her take-home pay, what fraction of her take-home pay did she save each month?

(A) 1/2
(B) 1/3
(C)1/4
(D) 1/5
(E) 1/6

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Senior Manager
Joined: 19 Mar 2008
Posts: 350
Re: PS Alice's take home income [#permalink]

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02 Aug 2008, 09:03
selvae wrote:

Senior Manager
Joined: 19 Mar 2008
Posts: 350
Re: PS Alice's take home income [#permalink]

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02 Aug 2008, 19:01
Selvae, or anyone else, could you help? I still cannot get 1/5
Manager
Joined: 15 Jul 2008
Posts: 205
Re: PS Alice's take home income [#permalink]

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02 Aug 2008, 19:28
judokan wrote:
Selvae, or anyone else, could you help? I still cannot get 1/5

Let us say her monthly pay was P and she saved S. At the end of the year total savings is 12*S.

Given 12*S = 3(P-S) total savings is 3 times monthly pay's unsaved part.

15*S=3P

S/P = 3/15= 1/5
VP
Joined: 17 Jun 2008
Posts: 1322
Re: PS Alice's take home income [#permalink]

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02 Aug 2008, 20:58
judokan wrote:
Alice's take-home pay last year was the same each month, and she saved the same fraction of her take-home pay each month. The total amount of money that she had saved at the end of the year was 3 times the amount of that portion of her monthly take-home pay that she did not save. if all the money that she saved last year was from her take-home pay, what fraction of her take-home pay did she save each month?

(A) 1/2
(B) 1/3
(C)1/4
(D) 1/5
(E) 1/6

Considr each month her take home is t,spent amt is c, saved amt is s
hence t=s+c
The total amount of money that she had saved at the end of the year was 3 times the amount of that portion of her monthly take-home pay that she did not save.
this clearly says 12s=3c => 4s=c
=> t=4s+s=5s => s=1/5 * t => answer=1/5
IMO D
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cheers
Its Now Or Never

Senior Manager
Joined: 19 Mar 2008
Posts: 350
Re: PS Alice's take home income [#permalink]

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02 Aug 2008, 22:11
OA is 1/5.

Thanks all. nice one!
Senior Manager
Joined: 19 Mar 2008
Posts: 350
Re: PS Alice's take home income [#permalink]

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02 Aug 2008, 22:17
BTW, what's wrong with my calcluation?

Assume the amount she take-home is s
assume the amount she save is x
assume the amount she did not save is y

x + y =s
x = 3y
4y = s
y = s/4
x = 3s/4

--== Message from GMAT Club Team ==--

This is not a quality discussion. It has been retired.

If you would like to discuss this question please re-post it in the respective forum. Thank you!

To review the GMAT Club's Forums Posting Guidelines, please follow these links: Quantitative | Verbal Please note - we may remove posts that do not follow our posting guidelines. Thank you.
Re: PS Alice's take home income   [#permalink] 02 Aug 2008, 22:17
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