Last visit was: 23 Apr 2026, 20:24 It is currently 23 Apr 2026, 20:24
Close
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
Your Progress

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
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
User avatar
ritula
Joined: 18 May 2008
Last visit: 12 Apr 2011
Posts: 694
Own Kudos:
Posts: 694
Kudos: 3,210
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
jainu
Joined: 21 Aug 2008
Last visit: 20 Jun 2010
Posts: 64
Own Kudos:
Posts: 64
Kudos: 249
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
ritula
Joined: 18 May 2008
Last visit: 12 Apr 2011
Posts: 694
Own Kudos:
Posts: 694
Kudos: 3,210
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
tusharvk
Joined: 04 Jan 2009
Last visit: 24 May 2011
Posts: 119
Own Kudos:
Concentration: finance & strategy
Posts: 119
Kudos: 21
Kudos
Add Kudos
Bookmarks
Bookmark this Post
ritula
I also calculated answer as 72% but its not the OA
let the total income in may for Lees be 100.
Mrs income is 60.
Rest of Lees make 40.
In june, Mrs makes 72. Rest of the family stays at 40.
So,
72/(72+40)=72/112=18/28 = 9/14 = .64
Hence, A.
User avatar
mrsmarthi
Joined: 30 Nov 2008
Last visit: 09 Nov 2013
Posts: 335
Own Kudos:
Given Kudos: 15
Concentration: Finance, General Management
Schools:Fuqua
Posts: 335
Kudos: 1,892
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Let be Mrs L income in MAY be x. It is given this is 60% of TI(Total income)

==> x = 60% of TI

In June she earned 20 % more than in may ie her income in June will be X+ 20% x = 120% x

Now 120% X will be 120 % of 60 % of TI = \(120 / 100 * 60 /100 * TI\) = 72 % of TI
User avatar
ldpedroso
Joined: 01 May 2008
Last visit: 14 Feb 2012
Posts: 59
Own Kudos:
Location: São Paulo
Posts: 59
Kudos: 58
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Let's pick numbers. Mr. Lee earns $ 60, and the income of his family is $ 100. If he gets 20% more, he gets $72, and Lee's family total income would be $ 112.
So, 72 / 112 = aprox. 64%. A is the correct answer
User avatar
mrsmarthi
Joined: 30 Nov 2008
Last visit: 09 Nov 2013
Posts: 335
Own Kudos:
Given Kudos: 15
Concentration: Finance, General Management
Schools:Fuqua
Posts: 335
Kudos: 1,892
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Oops.....that is true. Answer might be A.
User avatar
x2suresh
Joined: 07 Nov 2007
Last visit: 18 Aug 2012
Posts: 711
Own Kudos:
Given Kudos: 5
Location: New York
Posts: 711
Kudos: 3,148
Kudos
Add Kudos
Bookmarks
Bookmark this Post
%= 72/72+40 = 9/(5+9)=9/14 = 64.28%

A
User avatar
GMAT TIGER
Joined: 29 Aug 2007
Last visit: 17 Aug 2011
Posts: 1,012
Own Kudos:
Given Kudos: 19
Posts: 1,012
Kudos: 1,796
Kudos
Add Kudos
Bookmarks
Bookmark this Post
ritula
Pls explain ur answers

\(It should be A.\)

\(= \frac{1.2 (0.6x)}{1.2(0.6x)+0.4x}\)

\(= approx........... 64%\)
User avatar
ritula
Joined: 18 May 2008
Last visit: 12 Apr 2011
Posts: 694
Own Kudos:
Posts: 694
Kudos: 3,210
Kudos
Add Kudos
Bookmarks
Bookmark this Post
OA is A.
Thanks 2 all
User avatar
tusharvk
Joined: 04 Jan 2009
Last visit: 24 May 2011
Posts: 119
Own Kudos:
Concentration: finance & strategy
Posts: 119
Kudos: 21
Kudos
Add Kudos
Bookmarks
Bookmark this Post
x2suresh
%= 72/72+40 = 9/(5+9)=9/14 = 64.28%

A
Suresh

how did you get the last two decimals? I was only able to do 64 without calculator.
User avatar
x2suresh
Joined: 07 Nov 2007
Last visit: 18 Aug 2012
Posts: 711
Own Kudos:
Given Kudos: 5
Location: New York
Posts: 711
Kudos: 3,148
Kudos
Add Kudos
Bookmarks
Bookmark this Post
tusharvk
x2suresh
%= 72/72+40 = 9/(5+9)=9/14 = 64.28%

A
Suresh

how did you get the last two decimals? I was only able to do 64 without calculator.

try again???? :lol: :lol: you will get the fractional part too..
though it is not necessary find fractional part for this question..
User avatar
GMAT TIGER
Joined: 29 Aug 2007
Last visit: 17 Aug 2011
Posts: 1,012
Own Kudos:
Given Kudos: 19
Posts: 1,012
Kudos: 1,796
Kudos
Add Kudos
Bookmarks
Bookmark this Post
tusharvk
x2suresh
%= 72/72+40 = 9/(5+9)=9/14 = 64.28%

A
Suresh

how did you get the last two decimals? I was only able to do 64 without calculator.

Precisely, it is 64.29%.

=0.72/1.12
= 9/14
= 64.29%



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 Quantitative Questions 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!