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Re: Alice’s takehome pay last year was the same each month, and
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09 Feb 2018, 18:07
changhiskhan wrote: Alice’s takehome pay last year was the same each month, and she saved the same fraction of her takehome 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 takehome pay that she did NOT save. If all the money that she saved last year was from her takehome pay, what fraction of her takehome pay did she save each month?
A. 1/2 B. 1/3 C. 1/4 D. 1/5 E. 1/6 pay per month = \(x\) pay last year = \(12x\) savings per month = \(\frac{1}{y}(x) = \frac{x}{y}\) savings last year = \(\frac{12x}{y}\) spending each month = \(x  \frac{x}{y} = \frac{(xyx)}{y}\) spending last year = \(\frac{12(xyx)}{y}\) \(\frac{12x}{y} = \frac{3[xyx]}{y}\) \(\frac{4x}{y} = \frac{xyx}{y}\) \(4x = xyx\) \(5x = xy\) \(y = 5\). Fraction = \(\frac{1}{5}\).



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Re: Alice’s takehome pay last year was the same each month, and
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14 Feb 2018, 19:08
EMPOWERgmatRichC wrote: Hi All, We can solve this question with some algebra, but you have to be detailed with how you assign variables. If... X = the amount of money Alice EARNED per month Y = the amount of money Alice SAVED per month Y/X = the FRACTION of her paycheck she saved per month then... 12Y = the amount of money Alice saved in ONE YEAR Since the TOTAL amount saved = 3 times (what she DIDN'T save), we have this... 12Y = 3(X  Y) Now, we can simplify: 12Y = 3X  3Y 15Y = 3X 5Y = X Y/X = 1/5 Final Answer: GMAT assassins aren't born, they're made, Rich Hi Rich, Can this be solved using smart numbers? For example, by using $120 for takehome pay to represent 12 months?



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Re: Alice’s takehome pay last year was the same each month, and
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14 Feb 2018, 21:09
Hi OCDianaOC, Yes, you could solve this question by TESTing VALUES. To use that approach efficiently though, you wouldn't start with Alice's takehome pay each month  you'd actually have to start with the information in the second sentence: "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 takehome pay that she did NOT save." By TESTing VALUES that fit this information, you can then 'work backwards' and determine her takehome pay each month (and then answer the question). GMAT assassins aren't born, they're made, Rich
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Re: Alice’s takehome pay last year was the same each month, and
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14 Feb 2018, 23:19
EMPOWERgmatRichC wrote: Hi OCDianaOC,
Yes, you could solve this question by TESTing VALUES. To use that approach efficiently though, you wouldn't start with Alice's takehome pay each month  you'd actually have to start with the information in the second sentence:
"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 takehome pay that she did NOT save."
By TESTing VALUES that fit this information, you can then 'work backwards' and determine her takehome pay each month (and then answer the question).
GMAT assassins aren't born, they're made, Rich Thanks Rich, but I'm not getting the correct answer by testing values. I chose that she saved $10/month and had $120 by the end of the year. She did NOT save $40 (since $120 is 3 times bigger than $40). Total takehome pay is $1,200/year. My answer: I got 10/100 then reduced to 1/10. Wrong answer! Help!



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Re: Alice’s takehome pay last year was the same each month, and
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15 Feb 2018, 12:24
Hi OCDianaOC, The numbers you've chosen to TEST are perfect, but you made a small math mistake: IF... $10 was saved each month and $40 was NOT saved each month, then the total for each month is $50 (not $100). Thus, the takehome pay for the year would be (12)($50) = $600. Total saved for the year = (12)($10) = $120 Total takehome pay for the year = $600 $120/$600 = 1/5 GMAT assassins aren't born, they're made, Rich
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Alice’s takehome pay last year was the same each month, and
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15 May 2018, 04:22
Bunuel wrote: changhiskhan wrote: Alice’s takehome pay last year was the same each month, and she saved the same fraction of her takehome 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 takehome pay that she did NOT save. If all the money that she saved last year was from her takehome pay, what fraction of her takehome pay did she save each month?
a) 1/2 b) 1/3 c) 1/4 d) 1/5 e) 1/6
Thanks, Let Alice's monthly takehome pay be \(p\) and her monthly savings be \(s\). Total savings will be \(12s\) and we know that this is 3 times the amount she spends in month which is: \(ps\). So we have: \(12s=3(ps)\) > \(s=p\frac{1}{5}\) Answer: D. Hello Bunuel  founder of numerology hope you are well my solution is quite unusual but is super duper quck As per this sentence " Alice had saved at the end of the year was 3 times the amount of that portion of her monthly takehome pay that she did NOT save' So total amount she saved was 60 and total amount she didnt save was 20 So now question is "what fraction of her takehome pay did she save each month?" so i divide 60 by 12 (number of months ) 60/12 = 5 hence \(\frac{1}{5}\) she saved each month. YAY is my correct approach ? thanks and have a good week in case Bunuel doesn't reply I will tag you friends too generis niks18



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Alice’s takehome pay last year was the same each month, and
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15 May 2018, 09:16
dave13 wrote: changhiskhan wrote: Alice’s takehome pay last year was the same each month, and she saved the same fraction of her takehome 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 takehome pay that she did NOT save. If all the money that she saved last year was from her takehome pay, what fraction of her takehome pay did she save each month?
a) 1/2 b) 1/3 c) 1/4 d) 1/5 e) 1/6
Hello Bunuel  founder of numerology hope you are well my solution is quite unusual but is super duper quck As per this sentence " Alice had saved at the end of the year was 3 times the amount of that portion of her monthly takehome pay that she did NOT save' So total amount she saved was 60 and total amount she didnt save was 20 So now question is "what fraction of her takehome pay did she save each month?" so i divide 60 by 12 (number of months ) 60/12 = 5 hence \(\frac{1}{5}\) she saved each month. YAY is my correct approach ? thanks and have a good week in case Bunuel doesn't reply I will tag you friends too generis niks18 Hi dave13 , whether your approach is correct depends on whether you did some mental math and did not write down the steps. How did you calculate \(\frac{1}{5}\)? How did you go from 5 to \(\frac{1}{5}\)? (You have everything in place. You picked good numbers. How and whether you manipulated those numbers, I cannot discern.)
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Re: Alice’s takehome pay last year was the same each month, and
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15 May 2018, 11:28
Alice’s takehome pay last year was the same each month, and she saved the same fraction of her takehome 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 takehome pay that she did NOT save. If all the money that she saved last year was from her takehome pay, what fraction of her takehome pay did she save each month? A. 1/2 B. 1/3 C. 1/4 D. 1/5 E. 1/6 Notice that the 60 is a good number to change fractions to whole numbers; hence, each choice becomes: A. 30 B. 20 C. 15 D. 12 E. 10 Simply plug and play: if her take home savings were $30, then she did not save $30. 12(30) = 360. Divide this by amount not saved ($30); hence, 12. We need this to be 3x, not 12x. Plugging in rest of numbers shows that D (12) fits. 12 (amount saved) * 12 (months in a year) = 144 (amount saved in year) 48 (amount not saved) * 3 (per stem) = 144. Both match; hence, D.
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Re: Alice’s takehome pay last year was the same each month, and
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15 May 2018, 12:01
generis wrote: dave13 wrote: changhiskhan wrote: Alice’s takehome pay last year was the same each month, and she saved the same fraction of her takehome 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 takehome pay that she did NOT save. If all the money that she saved last year was from her takehome pay, what fraction of her takehome pay did she save each month?
a) 1/2 b) 1/3 c) 1/4 d) 1/5 e) 1/6
Hello Bunuel  founder of numerology hope you are well my solution is quite unusual but is super duper quck As per this sentence " Alice had saved at the end of the year was 3 times the amount of that portion of her monthly takehome pay that she did NOT save' So total amount she saved was 60 and total amount she didnt save was 20 So now question is "what fraction of her takehome pay did she save each month?" so i divide 60 by 12 (number of months ) 60/12 = 5 hence \(\frac{1}{5}\) she saved each month. YAY is my correct approach ? thanks and have a good week in case Bunuel doesn't reply I will tag you friends too generis niks18 Hi dave13 , whether your approach is correct depends on whether you did some mental math and did not write down the steps. How did you calculate \(\frac{1}{5}\)? How did you go from 5 to \(\frac{1}{5}\)? (You have everything in place. You picked good numbers. How and whether you manipulated those numbers, I cannot discern.) Greetings generis i simply took number 60 because it is easy to work with (it can be divided by 2, 3, 4, 5, 6, 10 and 12) very practical number so since her total amount saved for the whole year is 60 and we need to know how much she saved monthly i divided 60 by 12 = 5 i added 1 in numeror to match it to answer choice i decorated my answer by adding a personal touch optionally \(\frac{12}{60}\)= \(\frac{1}{5}\) have a lovely jovely day



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Alice’s takehome pay last year was the same each month, and
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15 May 2018, 13:04
changhiskhan wrote: Alice’s takehome pay last year was the same each month, and she saved the same fraction of her takehome 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 takehome pay that she did NOT save. If all the money that she saved last year was from her takehome pay, what fraction of her takehome pay did she save each month?
a) 1/2 b) 1/3 c) 1/4 d) 1/5 e) 1/6
dave13 wrote: generis wrote: dave13 wrote: Hello Bunuel  founder of numerology hope you are well my solution is quite unusual but is super duper quck As per this sentence " Alice had saved at the end of the year was 3 times the amount of that portion of her monthly takehome pay that she did NOT save' So total amount she saved was 60 and total amount she didnt save was 20 So now question is "what fraction of her takehome pay did she save each month?" so i divide 60 by 12 (number of months ) 60/12 = 5 hence \(\frac{1}{5}\) she saved each month. YAY is my correct approach ? thanks and have a good week in case Bunuel doesn't reply I will tag you friends too generis niks18 Hi dave13 , whether your approach is correct depends on whether you did some mental math and did not write down the steps. How did you calculate \(\frac{1}{5}\)? How did you go from 5 to \(\frac{1}{5}\)? (You have everything in place. You picked good numbers. How and whether you manipulated those numbers, I cannot discern.) Greetings generis i simply took number 60 because it is easy to work with (it can be divided by 2, 3, 4, 5, 6, 10 and 12) very practical number so since her total amount saved for the whole year is 60 and we need to know how much she saved monthly i divided 60 by 12 = 5 i added 1 in numeror to match it to answer choice i decorated my answer by adding a personal touch optionally \(\frac{12}{60}\)= \(\frac{1}{5}\) have a lovely jovely day Your personal touch? OMG. What, did you try some numerology, too? I am SO hoping (and so NOT hoping) he sees that one. You are ABSOLUTELY correct about the number 60 (and 120, BTW). Now, let's finish this . . .You wrote: Quote: we need to know how much she saved monthly i divided 60 by 12 = 5
True. Good instincts. We also need to know how much she EARNED monthly Quote: So total amount she saved was 60 andtotal [MONTHLY] amount she didnt save was 20 Saved $60 in one YEAR $60 is three times $20, which is the amount she did NOT save EACH MONTH Per month SAVED? Per month NOT SAVED?This step is correct: $\(\frac{60}{12}\) = $5 per month SAVED QUESTION asks Quote: what fraction of her takehome pay did she save each month? 1) Find take home pay per month = (Dollars saved each month) + (Dollars NOT saved each month) Take home pay per month (with the awesome numbers you picked) is: $5 (saved) + $20 (not saved) = $25 per month2) Now, what fraction of that monthly pay did she save? • saved each month: $5 • earned each month: $25 \(\frac{SavedAmt}{MonthlyAmt}=\frac{Part}{Whole}=\frac{$5}{$25}=\frac{1}{5}\) You were very close! It is a good thing to look for simple shortcuts. Just make sure you read the question really carefully. (This question's language is not easy. I would bet that if you had read carefully, you would have found the answer.) You chose good numbers. Does this make sense? Thanks for making me laugh.
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Re: Alice’s takehome pay last year was the same each month, and
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10 Jun 2018, 16:07
I tried to solve this testing the answers:
I assumed her take home was $100
Testing 1/5th Saving/month is 20; Saving/year is 240 (20*12) Money not saved/Month is 80 80 is 1/3rd of 240 Answer D=1/5



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Re: Alice’s takehome pay last year was the same each month, and
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16 Sep 2018, 11:12
In this problem we know that every payment across the year is the same, lets call those payments P. Given this we know that we received at the end of the year 12P (p+p+p+p+p+....) 12 payments Then we have 12P. Ok, we also know that we save the same amount of money each month, lets call this S. Given this we know that we save at the end of the year 12S (s+s+s+s+s+....) 12 "savings" Then we have 12S. Also the problem tell us that "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 takehome pay that she did NOT save"Before this we know that if she receives P every month, and she saves S, then the portion that she didn't saved was PS. So, lets translate this: The total amount of money that she had saved the end of the year (12S) was (=) 3 times the amount of that portion of her monthly takehome pay that she did NOT save (3*(PS))Translation: > 12S=3(PS)so... > 4S = PS > 5S = P > S/P = 1/5 (Answer) S/P is the fraction of her monthly payment that she saved



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Re: Alice’s takehome pay last year was the same each month, and
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23 Dec 2018, 01:50
Let the total amount of money saved in a year = 900 (Money saved in a month = 900/12 =75) and total amount of money spent in a year be = 300 Therefore, total amount of money saved in a year = 1200(Money saved in a month = 1200/12 = 100)
Therefore fraction of money saved in a month = 75/100 = 1/5



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Re: Alice’s takehome pay last year was the same each month, and
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15 May 2019, 09:10
Alice’s takehome pay last year was the same each month, and she saved the same fraction of her takehome pay each month.
Amount Saved per month= 1/X Not Saved per month = (1  1/X)
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 takehome pay that she did NOT save.
12* 1/X = 3*(11/X) 12*1/X = 3 * [(X1)/X] /*X 12=3(X1) 4=X1 5=X
Amount Saved per month= 1/X =1/5



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Alice’s takehome pay last year was the same each month, and
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23 May 2019, 03:32
VeritasKarishma Quote: Alice’s takehome pay last year was the same each month, and she saved the same fraction of her takehome 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 takehome pay that she did NOT save. If all the money that she saved last year was from her takehome pay, what fraction of her takehome pay did she save each month? Quote: Let monthly take home be 100 and the fraction she saves be x. May I know how your genius mind came up with figure of 100 (was it because of highlighted text?, still we choose 100 as base figure in %tage problems not in fractions) Quote: 12*100*x = 3*100*(1x) Should not above expression be: 12*x = 3*(100x) Bunuel chetan2u we choose p and s as separate variables in the first post since there is no corelation between two as evident from first sentence of the problem. Am I correct in my understanding?
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Alice’s takehome pay last year was the same each month, and
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