Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 23 May 2017, 19:58

### 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

# Alices take-home pay last year was the same each month, and

Author Message
Senior Manager
Joined: 05 Jan 2006
Posts: 382
Followers: 1

Kudos [?]: 90 [0], given: 0

Alices take-home pay last year was the same each month, and [#permalink]

### Show Tags

17 Jun 2006, 13:40
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

Aliceâ€™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 that money that she saved last year was from her take-home pay, what fraction of her take-home pay did she save each month?

1/2
1/3
1/4
1/5
1/6
VP
Joined: 21 Sep 2003
Posts: 1060
Location: USA
Followers: 3

Kudos [?]: 79 [0], given: 0

### Show Tags

17 Jun 2006, 14:32
If E is the monthly earning and S is the monthly saving
12*S = 3(E-S)
4*S = E-S
S/E = 1/5
_________________

"To dream anything that you want to dream, that is the beauty of the human mind. To do anything that you want to do, that is the strength of the human will. To trust yourself, to test your limits, that is the courage to succeed."

- Bernard Edmonds

Manager
Joined: 17 Dec 2005
Posts: 162
Followers: 1

Kudos [?]: 34 [0], given: 0

### Show Tags

17 Jun 2006, 14:40
chiragr wrote:
yep 1/5 but could you explain!

x = monthly income
y = percent saved per month

(y/100)(x)*12 = 3*(1-y)/100*x

12 = months in a year
3 = 3 times saved
1-y = amount she spent every month

4xy/100 = (x-xy)/100

4xy = x-xy
5xy = x
y = 1/5
17 Jun 2006, 14:40
Display posts from previous: Sort by