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31 Oct 2012, 22:41
00:00

Difficulty:

15% (low)

Question Stats:

85% (01:35) correct 15% (02:34) wrong based on 72 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

Kudos [?]: 64 [0], given: 21

VP
Joined: 02 Jul 2012
Posts: 1216

Kudos [?]: 1691 [0], given: 116

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 )).

Kudos [?]: 64 [1], given: 21

Non-Human User
Joined: 09 Sep 2013
Posts: 15688

Kudos [?]: 282 [0], given: 0

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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:

$$693 * \frac{100}{126} * \frac{120}{100} = 660$$
_________________

Kindly press "+1 Kudos" to appreciate

Kudos [?]: 2712 [0], given: 193