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AniK97
Joined: 19 Jun 2017
Last visit: 17 Jun 2019
Posts: 29
Own Kudos:
Given Kudos: 202
Location: Armenia
Concentration: Entrepreneurship, Economics
Schools: HEC Sept 2018 Intake
GMAT 1: 760 Q51 V46
GPA: 4
08 Jan 2018, 10:18
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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An automobile dealer bought two cars. He sold the first one for 40% more than he paid for it and the second one for 60% more than he paid for it. The money he received for the two cars was 54% more than what he paid for both. The ratio of the prices the dealer paid for the first and the second car was:
(A) 10:13
(B) 20:27
(C) 3:7
(D) 7:12
(E) 2:3
Kudos, pleaseeee
Source: Kangaroo Olympiad
(A) 10:13
(B) 20:27
(C) 3:7
(D) 7:12
(E) 2:3
Kudos, pleaseeee
Source: Kangaroo Olympiad
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08 Jan 2018, 10:30
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AniK97
Let the price of first car be \(x\) & that of the second car be \(y\)
Given: \(0.4x+0.6y=0.54(x+y)\)
\(=>0.14x=0.06y\)
therefore \(\frac{x}{y}=\frac{0.06}{0.14}=\frac{3}{7}\)
Option C
08 Jan 2018, 10:36
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AniK97
Please note that ONLY Questions from Reliable GMAT Sources are Allowed on the Forum! Please do NOT post questions from random math books and web sites. Thank you.
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Problem Solving (PS) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
