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31 Oct 2012, 22:41
00:00

Difficulty:

5% (low)

Question Stats:

86% (02:35) correct 14% (02:35) wrong based on 71 sessions

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If Albert’s monthly earnings rise by 26%, he would earn $693. If, instead, his earnings rise by only 20%, how much (in$) would he earn this month?

(A) 643
(B) 652
(C) 660
(D) 690
(E) 693
[Reveal] Spoiler: OA
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Joined: 02 Jul 2012
Posts: 1223
Location: India
Concentration: Strategy
GMAT 1: 740 Q49 V42
GPA: 3.8
WE: Engineering (Energy and Utilities)

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02 Nov 2012, 12:49
1
KUDOS
MacFauz wrote:
If Albert’s monthly earnings rise by 26%, he would earn $693. If, instead, his earnings rise by only 20%, how much (in$) would he earn this month?

(A) 643
(B) 652
(C) 660
(D) 690
(E) 693

$$= \frac{693}{1.26}*1.2$$

$$= 660$$

Kudos Please... If my post helped.

You mean by dividing on 1.26 we found 100% or his ordinary monthly salary.
Later by multipliing by 1.2 we are getting 120%?

Thanx, it is now clear. I dunno why it was strange for me at first )).
GMAT Club Legend
Joined: 09 Sep 2013
Posts: 15986

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04 Dec 2014, 00:30
MacFauz wrote:
If Albert’s monthly earnings rise by 26%, he would earn $693. If, instead, his earnings rise by only 20%, how much (in$) would he earn this month?

(A) 643
(B) 652
(C) 660
(D) 690
(E) 693

$$= \frac{693}{1.26}*1.2$$

$$= 660$$

Kudos Please... If my post helped.

You mean by dividing on 1.26 we found 100% or his ordinary monthly salary.
Later by multipliing by 1.2 we are getting 120%?

Thanx, it is now clear. I dunno why it was strange for me at first )).

The equation would be setup as follows:

$$693 * \frac{100}{126} * \frac{120}{100} = 660$$
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Kindly press "+1 Kudos" to appreciate

Re: If Albert’s monthly earnings rise by 26%, he would earn $693 [#permalink] 04 Dec 2014, 00:30 Similar topics Replies Last post Similar Topics: 3 Last week Jack worked 70 hours and earned$ 1,260. If he earned his re 6 26 Sep 2016, 21:16
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