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For every $20 that a billionaire spends, a millionaire spends the equi

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For every $20 that a billionaire spends, a millionaire spends the equi  [#permalink]

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New post 02 Dec 2014, 09:16
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A
B
C
D
E

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  55% (hard)

Question Stats:

72% (01:12) correct 28% (01:19) wrong based on 141 sessions

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Tough and Tricky questions: Ratios.



For every $20 that a billionaire spends, a millionaire spends the equivalent of 20 cents. For every $4 that a millionaire spends, a yuppie spends the equivalent of $1. The ratio of money spent by a yuppie, millionaire, and billionaire can be expressed as

A) 1 : 4 : 400
B) 1 : 4 : 100
C) 20 : 4 : 1
D) 100 : 4 : 1
E) 400 : 4 : 1

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Re: For every $20 that a billionaire spends, a millionaire spends the equi  [#permalink]

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New post 02 Dec 2014, 09:53
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Re: For every $20 that a billionaire spends, a millionaire spends the equi  [#permalink]

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New post 02 Dec 2014, 09:56
I think including the world "spends the equivalent of" is an unnecessarily confusing phrase. Anyways... to the problem. We need to compute one ratio that unites all three people in question--let's call them B (billionaire), M (millionaire) and Y (yuppie).

B:M equals $20:0.20 or 100:1
M:Y equals 4:1

Let Y in the ratio we're looking for (Y:M:B) be 1--this means M = 4 and B = 4*100 = 400.

The final ratio should be 1:4:400. Choice A
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Re: For every $20 that a billionaire spends, a millionaire spends the equi  [#permalink]

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New post 02 Dec 2014, 21:00
Answer = A) 1 : 4 : 400

Yuppie ............ Millionaire ................ Billionaire

........................ 0.2 ............................... 20

1 .......................... 4 ................................

............................. 0.2 * 20 ..................... 20*20 (Multiply highlighted by 20)

1 ........................... 4 ............................. 400
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Re: For every $20 that a billionaire spends, a millionaire spends the equi  [#permalink]

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New post 02 Dec 2014, 23:32
Yuppie....A ought to be the answer !!
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Re: For every $20 that a billionaire spends, a millionaire spends the equi  [#permalink]

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New post 04 Jan 2015, 06:58
B.........M........Y
20.....0,20......Y
B.........4........1

What I did first was to turn 0.20 to 2 (by multiplying by 10), so that it is easy to find the LCM. This led me to this:
B.........M........Y
200.....2.........Y
B........40......10

Then I multiplied every row by 40 (the LCM of 2 and 40), which led me to this:
B.........M........Y
4000...40.......10

Then I got rid of the extra zero, and in the correct order this is Y:M:B=1:4:40 ANS A
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Re: For every $20 that a billionaire spends, a millionaire spends the equi  [#permalink]

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New post 04 Sep 2018, 03:17
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: For every $20 that a billionaire spends, a millionaire spends the equi &nbs [#permalink] 04 Sep 2018, 03:17
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