GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 17 Feb 2019, 10:30

### 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

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

## Events & Promotions

###### Events & Promotions in February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
• ### Free GMAT Algebra Webinar

February 17, 2019

February 17, 2019

07:00 AM PST

09:00 AM PST

Attend this Free Algebra Webinar and learn how to master Inequalities and Absolute Value problems on GMAT.
• ### Valentine's day SALE is on! 25% off.

February 18, 2019

February 18, 2019

10:00 PM PST

11:00 PM PST

We don’t care what your relationship status this year - we love you just the way you are. AND we want you to crush the GMAT!

# If 0.497 mark has the value of one dollar, what is the value

Author Message
TAGS:

### Hide Tags

Intern
Joined: 12 Oct 2011
Posts: 13
If 0.497 mark has the value of one dollar, what is the value  [#permalink]

### Show Tags

02 May 2012, 19:43
1
00:00

Difficulty:

35% (medium)

Question Stats:

62% (01:05) correct 38% (01:04) wrong based on 266 sessions

### HideShow timer Statistics

If 0.497 mark has the value of one dollar, what is the value to the nearest dollar of 350 marks?

A. $174 B.$176
C. $524 D.$696
E. $704 Project PS Butler : Question #67 Subscribe to get Daily Email - Click Here | Subscribe via RSS - RSS SVP Status: Top MBA Admissions Consultant Joined: 24 Jul 2011 Posts: 1530 GMAT 1: 780 Q51 V48 GRE 1: Q800 V740 Re: If 0.497 mark has the value of one dollar, what is the value [#permalink] ### Show Tags Updated on: 02 May 2012, 20:45 0.497 marks = 1 dollar => 1 mark = 1/0.497 dollars => 350 marks = 350/0.497 = 704 dollars Option (E) _________________ GyanOne | Top MBA Rankings and MBA Admissions Blog Top MBA Admissions Consulting | Top MiM Admissions Consulting Premium MBA Essay Review|Best MBA Interview Preparation|Exclusive GMAT coaching Get a FREE Detailed MBA Profile Evaluation | Call us now +91 98998 31738 Originally posted by GyanOne on 02 May 2012, 20:09. Last edited by GyanOne on 02 May 2012, 20:45, edited 1 time in total. Intern Joined: 12 Oct 2011 Posts: 13 Re: If 0.497 mark has the value of one dollar, what is the value [#permalink] ### Show Tags 02 May 2012, 20:38 am so sorry...i dont know why it didnot click for the first time... the answer is E 0.497==>1 350==>?(say x) then x = 350/0.497 appx = 704 Intern Joined: 25 Jun 2012 Posts: 33 Re: If 0.497 mark has the value of one dollar, what is the value [#permalink] ### Show Tags 19 Nov 2012, 18:15 1 .497 is approx .5 Since we rounded up, that is, we said that slightly more marks equals a dollar, we will have to factor this back in. 1/2 mark = 1 dollar 350(1/2) = 700 dollar + what we rounded up, thus 704 Intern Joined: 16 Jun 2013 Posts: 1 Re: If 0.497 mark has the value of one dollar, what is the value [#permalink] ### Show Tags 18 Jun 2013, 21:22 AlyoshaKaramazov wrote: .497 is approx .5 Since we rounded up, that is, we said that slightly more marks equals a dollar, we will have to factor this back in. 1/2 mark = 1 dollar 350(1/2) = 700 dollar + what we rounded up, thus 704 I know this is a noob question but still I don't get this concept.. Since we rounded up 0.497 to 0.500 should we reduce the final value ? we got 700 so shouldn't the answer be chosen in the 600 range ? Thanks, Math Expert Joined: 02 Sep 2009 Posts: 52906 Re: If 0.497 mark has the value of one dollar, what is the value [#permalink] ### Show Tags 19 Jun 2013, 01:33 Rockstar21 wrote: AlyoshaKaramazov wrote: If 0.497 mark has the value of one dollar, what is the value to the nearest dollar of 350 marks? A.$174
B. $176 C.$524
D. $696 E.$704

.497 is approx .5

Since we rounded up, that is, we said that slightly more marks equals a dollar, we will have to factor this back in.

1/2 mark = 1 dollar

350(1/2) = 700 dollar

+ what we rounded up, thus 704

I know this is a noob question but still I don't get this concept..
Since we rounded up 0.497 to 0.500 should we reduce the final value ?
we got 700 so shouldn't the answer be chosen in the 600 range ?

Thanks,

Consider this:
0.497 marks = $1; 0.5 marks = more than$1;

0.5*700=350 marks = more than $1*700=$700.

Similar question to practice: m14-78632.html

Hope it helps.
_________________
Intern
Joined: 16 Jul 2016
Posts: 40
Re: If 0.497 mark has the value of one dollar, what is the value  [#permalink]

### Show Tags

26 Jan 2019, 12:58
To get from marks to dollars you need to multiply by slightly more than 2.

350(slightly more than 2) = slightly more than 700.
So choice E is correct.
Intern
Joined: 28 May 2018
Posts: 48
Location: India
Schools: Tuck '21, ISB '20, NTU '20
GMAT 1: 640 Q45 V35
GMAT 2: 670 Q45 V37
Re: If 0.497 mark has the value of one dollar, what is the value  [#permalink]

### Show Tags

27 Jan 2019, 11:11
(E)
0.497 mark = 1$. 1 mark = $$\frac{1}{0.497}$$$.

Let's round off 0.497 to 0.5.
1 mark = $$\frac{1}{0.5}$$ $. 350 mark =$$\frac{350}{0.5}$$$ = 700 \$

Now we are left with option D and E.
0.5 > 0.497
We know that dividing by a bigger number gives a smaller result. Since we divided by bigger of the two numbers ( 0.5 and 0.497 ), we got a smaller result.
Dividing with 0.497 ( the smaller number), as in the original equation would have given us a result bigger than 700.
The only option bigger than 700 is E -> 704
_________________

Please +1 KUDO if my post helps. Thank you.

Manager
Joined: 11 Dec 2013
Posts: 108
Location: India
GMAT Date: 03-15-2015
WE: Education (Education)
Re: If 0.497 mark has the value of one dollar, what is the value  [#permalink]

### Show Tags

27 Jan 2019, 11:49
we need not divide the complicated numbers

Using approximation

$$0.5 \, marks = 1$$
$$350 \, marks =\frac{350}{0.5} = 700$$

As the denominator is slightly less than 0.5 .
the quotient will be slightly more than 700 .

IMO E
_________________

Re: If 0.497 mark has the value of one dollar, what is the value   [#permalink] 27 Jan 2019, 11:49
Display posts from previous: Sort by