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Every member of a certain club volunteers to contribute equa

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Manager
Joined: 02 Dec 2012
Posts: 178
Every member of a certain club volunteers to contribute equa [#permalink]

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26 Dec 2012, 04:44
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35% (medium)

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69% (02:13) correct 31% (01:24) wrong based on 834 sessions

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Every member of a certain club volunteers to contribute equally to the purchase of a $60 gift certificate. How many members does the club have? (1) Each member's contribution is to be$4.
(2) If 5 club members fail to contribute, the share of each contributing member will increase by $2. [Reveal] Spoiler: OA Math Expert Joined: 02 Sep 2009 Posts: 39702 Re: Every member of a certain club volunteers to contribute equa [#permalink] Show Tags 26 Dec 2012, 04:47 2 This post received KUDOS Expert's post 8 This post was BOOKMARKED Every member of a certain club volunteers to contribute equally to the purchase of a$60 gift certificate. How many members does the club have?

Let the # of members be $$n$$.

(1) Each member's contribution is to be $4 --> $$n=\frac{60}{4}=15$$. Sufficient. (2) If 5 club members fail to contribute, the share of each contributing member will increase by$2 --> share of each contributing member is $$\frac{60}{n}$$, if 5 club members fail to contribute, the share of each contributing member will be $$\frac{60}{n-5}$$ and we are told that this values is $2 more than the previous one --> $$\frac{60}{n}=\frac{60}{n-5}-2$$ --> $$n=15$$. Sufficient. Answer: D. _________________ Veritas Prep GMAT Instructor Joined: 16 Oct 2010 Posts: 7443 Location: Pune, India Re: Every member of a certain club volunteers to contribute equa [#permalink] Show Tags 18 Feb 2013, 21:32 2 This post received KUDOS Expert's post thangvietnam wrote: how can you get the n=15. you have to solve the equation. and this is time consuming? Equations such as these: $$\frac{60}{n}=\frac{60}{n-5}-2$$ are solved using hit and trial. Try to look for values of n which give us simple numbers i.e. try to plug in values which are factors of the numerator. Say, if n = 10, you get 60/10 = 60/5 - 2 which is not true.$$\frac{60}{n}$$and $$\frac{60}{n-5}$$ need to be much closer to each other so that the difference between them is 2. Next put n = 15. It satisfies. Notice that this equation gives us a quadratic so be careful while working on DS questions. A little manipulation shows us that the product of the roots of this quadratic will be -ve. So one root is positive i.e. 15, hence the other must be -ve and we can ignore it. Notice that when you see such an equation in PS questions, the options can give you ideas on values on n. Here, you anyway got that n = 15 from the first statement so you know which value you must try. _________________ Karishma Veritas Prep | GMAT Instructor My Blog Get started with Veritas Prep GMAT On Demand for$199

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Manager
Joined: 24 Sep 2012
Posts: 90
Location: United States
GMAT 1: 730 Q50 V39
GPA: 3.2
WE: Education (Education)
Re: Every member of a certain club volunteers to contribute equa [#permalink]

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18 Feb 2013, 14:53
1
KUDOS
Hi thangvietnam,

Every member of a certain club volunteers to contribute equally to the purchase of a $60 gift certificate. How many members does the club have? (1) Each member's contribution is to be$4.
(2) If 5 club members fail to contribute, the share of each contributing member will increase by $2. The problem states that each member contributes equally to the gift certificate. Let the number of people be n and the amount contributed by each member be x. Now, from the question we know that total amount contributed=$60.

Hence, n*x=60

1) This statement tells us that contribution of each member=$4. i.e x=4 Hence, n=60/4=15 SUFFICIENT 2) This tells us that if 5 members fail to contribute every person's contribution share increases by$2.
We know n=60/x
old n=n
new n=n-5
Old contribution=60/n
new contribution=60/(n-5)

Now, new contribution=old contribution+2
i.e 60/(n-5)=2+ (60/n)

60/(n-5)=(2n+60)/n

Cross multiplying
60n=(2n+60)(n-5)
60n = 2n^2+60n-10n-300

Bolded terms get cancelled

What remains is 2n^2-10n-300.
Take out 2
n^2-5n-150=0

Factorize 150, you get 5*3*2*5
15-10=5
Hence, n^2-15n+10n-150=0
Take out common factors
n(n-15)+10(n-15)=0
n=-15 or 10. Since, the number of people cannot be negative it has to be 15.

SUFFICIENT
Let me know if I can clarify something else.

thangvietnam wrote:
how can you get the n=15.

you have to solve the equation.

and this is time consuming?
VP
Joined: 09 Jun 2010
Posts: 1416
Re: Every member of a certain club volunteers to contribute equa [#permalink]

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17 Feb 2013, 07:57
how can you get the n=15.

you have to solve the equation.

and this is time consuming?
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Joined: 07 Feb 2013
Posts: 13
GMAT 1: 650 Q48 V32
GMAT 2: 730 Q49 V41
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Re: Every member of a certain club volunteers to contribute equa [#permalink]

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20 Jun 2013, 09:59
I took the quadradic path as i usually do, but dint solve the equation to see if stmt 2 was sufficient, here's how
Given : nx=60 (n: number of ppl, x: contribution of each)
Stmt 1 : gives x, can solve for n : sufficient
Stmt 2 : (n-5)(x+2)=60
=>(n-5)(60/n+2)=60
Simple rearrangement
=>2n^2-10n-300=0
I stopped here knowing this equation will have one positive and one negative root (or solution)
here's how : ax^2+bx+c=0
b=sum of roots (or solutions) (or -600
c=product of roots
=> 2n^2-10n-300=0 will have roots that add to -10 and have roots that multiply to -300 or (-600 to be specific) The second statement that -300 (or -600) will be the product of two roots of the equation implies, one is +ve and other is
-ve. and n cant take -ve values, therefore only one solution. Stmt 2 is sufficient.

Could someone cpls verify if this method has any flaw?
Veritas Prep GMAT Instructor
Joined: 16 Oct 2010
Posts: 7443
Location: Pune, India
Re: Every member of a certain club volunteers to contribute equa [#permalink]

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20 Jun 2013, 20:24
nanz236 wrote:
I took the quadradic path as i usually do, but dint solve the equation to see if stmt 2 was sufficient, here's how
Given : nx=60 (n: number of ppl, x: contribution of each)
Stmt 1 : gives x, can solve for n : sufficient
Stmt 2 : (n-5)(x+2)=60
=>(n-5)(60/n+2)=60
Simple rearrangement
=>2n^2-10n-300=0
I stopped here knowing this equation will have one positive and one negative root (or solution)
here's how : ax^2+bx+c=0
b=sum of roots (or solutions) (or -600
c=product of roots
=> 2n^2-10n-300=0 will have roots that add to -10 and have roots that multiply to -300 or (-600 to be specific) The second statement that -300 (or -600) will be the product of two roots of the equation implies, one is +ve and other is
-ve. and n cant take -ve values, therefore only one solution. Stmt 2 is sufficient.

Could someone cpls verify if this method has any flaw?

It's fine. Since the product is -ve, one root will be positive and one will be negative.
Check out this post which discusses this concept: http://www.veritasprep.com/blog/2012/01 ... equations/
_________________

Karishma
Veritas Prep | GMAT Instructor
My Blog

Get started with Veritas Prep GMAT On Demand for \$199

Veritas Prep Reviews

Intern
Joined: 07 Feb 2013
Posts: 13
GMAT 1: 650 Q48 V32
GMAT 2: 730 Q49 V41
WE: Engineering (Other)
Re: Every member of a certain club volunteers to contribute equa [#permalink]

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20 Jun 2013, 21:42
VeritasPrepKarishma wrote:
nanz236 wrote:
I took the quadradic path as i usually do, but dint solve the equation to see if stmt 2 was sufficient, here's how
Given : nx=60 (n: number of ppl, x: contribution of each)
Stmt 1 : gives x, can solve for n : sufficient
Stmt 2 : (n-5)(x+2)=60
=>(n-5)(60/n+2)=60
Simple rearrangement
=>2n^2-10n-300=0
I stopped here knowing this equation will have one positive and one negative root (or solution)
here's how : ax^2+bx+c=0
b=sum of roots (or solutions) (or -600
c=product of roots
=> 2n^2-10n-300=0 will have roots that add to -10 and have roots that multiply to -300 or (-600 to be specific) The second statement that -300 (or -600) will be the product of two roots of the equation implies, one is +ve and other is
-ve. and n cant take -ve values, therefore only one solution. Stmt 2 is sufficient.

Could someone cpls verify if this method has any flaw?

It's fine. Since the product is -ve, one root will be positive and one will be negative.
Check out this post which discusses this concept: http://www.veritasprep.com/blog/2012/01 ... equations/

Thanks Karishma. I chanced upon that article and then got deep into the pool of other articles you've published. Really good, would have been great if i wasnt 1 month away from my gmat...better late than after GMAT :D
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Re: Every member of a certain club volunteers to contribute equa [#permalink]

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06 Jul 2014, 15:17
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Re: Every member of a certain club volunteers to contribute equa [#permalink]

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02 Nov 2015, 13:41
Hello from the GMAT Club BumpBot!

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Re: Every member of a certain club volunteers to contribute equa [#permalink]

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08 May 2017, 01:17
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: Every member of a certain club volunteers to contribute equa   [#permalink] 08 May 2017, 01:17
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