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04 Aug 2015, 23:56
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D
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Difficulty:
35%
(medium)
Question Stats:
75% (01:44) correct
25%
(02:02)
wrong
based on 127
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If a consultant charges $5,000 for a hours of consultation, and she charges at a constant hourly rate, what is the consultant's hourly rate?
(1) If the consultant's hourly rate had been $3 less, then the cost for the a hours of consultation would have been $300 less.
(2) If the consultant's hourly rate had been $4 more, then the cost for the a hours would have been 8% more.
(1) If the consultant's hourly rate had been $3 less, then the cost for the a hours of consultation would have been $300 less.
(2) If the consultant's hourly rate had been $4 more, then the cost for the a hours would have been 8% more.
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 Data Sufficiency (DS) Forum
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
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05 Aug 2015, 22:13
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shyind
IMO : D
Question Stem:
Let no of hours be "H".
Let Amount charged per hour be "A"
Total consultation Fee = 5000
H*A = 5000 --(i)
Statement 1: If the consultant's hourly rate had been $3 less, then the cost for the a hours of consultation would have been $300 less
H*(A-3) = 5000-300 ---(ii)
We have two equations and two unknowns. Hence we can arrive to unique solution.
Hence suff
Statement 2: If the consultant's hourly rate had been $4 more, then the cost for the a hours would have been 8% more.
H*(A+4) = 5000+(5000*0.08) ---(iii)
We have two equations and two unknowns. Hence we can arrive to unique solution.
Hence suff
01 Aug 2016, 22:40
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shyind
(1) If the consultant's hourly rate had been $3 less, then the cost for the a hours of consultation would have been $300 less.
Rate * time = 5000 .........................Eq 1
(Rate-3) * time= 4700 ......................Eq 2
Solve Eq 1 and Eq 2
SUFFICIENT
(2) If the consultant's hourly rate had been $4 more, then the cost for the a hours would have been 8% more.
Rate * time = 5000 ........................Eq 1
(Rate+4) * time= 1.08(5000) .................Eq 2
Solve Eq 1 and Eq 2
SUFFICIENT
ANSWER D
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 Data Sufficiency (DS) 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!
