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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 [?]: 63 [0], given: 21

Manager
Joined: 25 Jun 2012
Posts: 65

Kudos [?]: 63 [1], given: 21

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31 Oct 2012, 23:50
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

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

$$= 660$$

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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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