January 17, 2019 January 17, 2019 08:00 AM PST 09:00 AM PST Learn the winning strategy for a high GRE score — what do people who reach a high score do differently? We're going to share insights, tips and strategies from data we've collected from over 50,000 students who used examPAL. January 19, 2019 January 19, 2019 07:00 AM PST 09:00 AM PST Aiming to score 760+? Attend this FREE session to learn how to Define your GMAT Strategy, Create your Study Plan and Master the Core Skills to excel on the GMAT.
Author 
Message 
TAGS:

Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 52170

Fifteen clowns decided to contribute equal amounts of money to buy a
[#permalink]
Show Tags
07 Mar 2017, 00:50
Question Stats:
61% (01:30) correct 39% (01:35) wrong based on 81 sessions
HideShow timer Statistics
Fifteen clowns decided to contribute equal amounts of money to buy a car. However, when three of the clowns backed out, the remaining clowns had to increase their payments by $500 apiece to compensate. How much did each remaining clown end up paying for his or her share of the car? A. $1,000 B. $1,500 C. $2,000 D. $2,500 E. $3,000
Official Answer and Stats are available only to registered users. Register/ Login.
_________________
New to the Math Forum? Please read this: Ultimate GMAT Quantitative Megathread  All You Need for Quant  PLEASE READ AND FOLLOW: 12 Rules for Posting!!! Resources: GMAT Math Book  Triangles  Polygons  Coordinate Geometry  Factorials  Circles  Number Theory  Remainders; 8. Overlapping Sets  PDF of Math Book; 10. Remainders  GMAT Prep Software Analysis  SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS)  Tricky questions from previous years.
Collection of Questions: PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.
What are GMAT Club Tests? Extrahard Quant Tests with Brilliant Analytics



Senior Manager
Joined: 19 Apr 2016
Posts: 274
Location: India
GMAT 1: 570 Q48 V22 GMAT 2: 640 Q49 V28
GPA: 3.5
WE: Web Development (Computer Software)

Re: Fifteen clowns decided to contribute equal amounts of money to buy a
[#permalink]
Show Tags
07 Mar 2017, 01:01
Bunuel wrote: Fifteen clowns decided to contribute equal amounts of money to buy a car. However, when three of the clowns backed out, the remaining clowns had to increase their payments by $500 apiece to compensate. How much did each remaining clown end up paying for his or her share of the car?
A. $1,000 B. $1,500 C. $2,000 D. $2,500 E. $3,000 let x be the share of each of the 15 clowns 15x = 12(x+500) 15x12x=6000 3x=6000 x=2000 each remaining clown end up paying for his or her share of the car = 2000+500 = 2500 Hence option D is correct Hit Kudos if you liked it



Intern
Joined: 11 Oct 2017
Posts: 27

Re: Fifteen clowns decided to contribute equal amounts of money to buy a
[#permalink]
Show Tags
07 Jan 2018, 14:15
0akshay0 wrote: Bunuel wrote: Fifteen clowns decided to contribute equal amounts of money to buy a car. However, when three of the clowns backed out, the remaining clowns had to increase their payments by $500 apiece to compensate. How much did each remaining clown end up paying for his or her share of the car?
A. $1,000 B. $1,500 C. $2,000 D. $2,500 E. $3,000 let x be the share of each of the 15 clowns 15x = 12(x+500) 15x12x=6000 3x=6000 x=2000 each remaining clown end up paying for his or her share of the car = 2000+500 = 2500 Hence option D is correct Hit Kudos if you liked it Yet when you choose 9 clowns instead the solution changes 9x = 6(x + 500) 3x = 3000 x = 1000 Then the payment would be 1500



Veritas Prep GMAT Instructor
Joined: 16 Oct 2010
Posts: 8787
Location: Pune, India

Re: Fifteen clowns decided to contribute equal amounts of money to buy a
[#permalink]
Show Tags
08 Jan 2018, 04:03
PaterD wrote: 0akshay0 wrote: Bunuel wrote: Fifteen clowns decided to contribute equal amounts of money to buy a car. However, when three of the clowns backed out, the remaining clowns had to increase their payments by $500 apiece to compensate. How much did each remaining clown end up paying for his or her share of the car?
A. $1,000 B. $1,500 C. $2,000 D. $2,500 E. $3,000 let x be the share of each of the 15 clowns 15x = 12(x+500) 15x12x=6000 3x=6000 x=2000 each remaining clown end up paying for his or her share of the car = 2000+500 = 2500 Hence option D is correct Hit Kudos if you liked it Yet when you choose 9 clowns instead the solution changes 9x = 6(x + 500) 3x = 3000 x = 1000 Then the payment would be 1500 If you change the question and make it total 9 clowns and 3 back out, the answer will certainly change. Why is that surprising?
_________________
Karishma Veritas Prep GMAT Instructor
Learn more about how Veritas Prep can help you achieve a great GMAT score by checking out their GMAT Prep Options >



Board of Directors
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4331
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)

Re: Fifteen clowns decided to contribute equal amounts of money to buy a
[#permalink]
Show Tags
08 Jan 2018, 10:33
Bunuel wrote: Fifteen clowns decided to contribute equal amounts of money to buy a car. However, when three of the clowns backed out, the remaining clowns had to increase their payments by $500 apiece to compensate. How much did each remaining clown end up paying for his or her share of the car?
A. $1,000 B. $1,500 C. $2,000 D. $2,500 E. $3,000 15c = 12 (c + 500) Or, 15c = 12c + 6000 Or, 3c = 6000 Or, c = 2000 Thus in the end each clown paid $ 2500 each, answer will be (D)
_________________
Thanks and Regards
Abhishek....
PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS
How to use Search Function in GMAT Club  Rules for Posting in QA forum  Writing Mathematical Formulas Rules for Posting in VA forum  Request Expert's Reply ( VA Forum Only )



Intern
Joined: 28 Dec 2017
Posts: 31

Re: Fifteen clowns decided to contribute equal amounts of money to buy a
[#permalink]
Show Tags
08 Jan 2018, 21:29
X = how much each clown in the original 15 paid X + 500 = how much each clown in the remaining 12 paid 15*X = this is equal to the total cost of the car when the fifteen clowns each paid X amount. 12*(X + 500) = this is also equal to the total cost of the car, but signifies that the remaining twelve clowns each had to pay extra $500.
Thus 15*X = 12*(X + 500) 15*X = 12*X + 6000 3*X = 6000 X = 2000
Must remember that the question is asking for how much the *remaining* clowns paid. The remaining clowns paid X + 500. Hence the answer is $2,500 (Option D).



Intern
Joined: 24 Nov 2016
Posts: 32

Re: Fifteen clowns decided to contribute equal amounts of money to buy a
[#permalink]
Show Tags
09 Jan 2018, 04:47
We have 15 clowns but 3 backed out, remaining 12 clowns paying.
Multiplying the $500 that each of 12 clowns had to increase their payment we have $ 6,000 total. 500 * 12 = 6,000
Dividing the result by the number of clowns that backed out we find $ 2,000 per clown, that is the value that each of 15 had to pay originally
6,000 / 3 = $ 2,000
Considering that they are already payng $ 2,000 and now have to pay $ 500 more, they will pay $ 2,500 at the end.




Re: Fifteen clowns decided to contribute equal amounts of money to buy a &nbs
[#permalink]
09 Jan 2018, 04:47






