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 Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

83% (01:48) correct
17% (01:01) wrong based on 1017 sessions

HideShow timer Statistics

If Pat saved $600 of his earnings last month, how much did Pat earn last month?

(1) Pat spent 1/2 of his earnings last month for living expenses and saved 1/3 of the remainder. (2) Of his earnings last month, Pat paid twice as much in taxes as he saved.

Practice Questions Question: 10 Page: 275 Difficulty: 650

If Pat saved $600 of his earnings last month, how much did Pat earn last month?

Let E be Pat's earnings last month.

(1) Pat spent 1/2 of his earnings last month for living expenses and saved 1/3 of the remainder. Pat spent \(\frac{E}{2}\), so \(E-\frac{E}{2}=\frac{E}{2}\) remained. We are told that 1/3 of that amount, or \(\frac{E}{6}\), was saved. Since we know that Pat saved $600 of his earnings last month, then we have that \(\frac{E}{6}=600\) --> \(E=3,600\). Sufficient.

(2) Of his earnings last month, Pat paid twice as much in taxes as he saved. Since Pat saved $600 of his earnings last month, then he paid 2*$600=$1,200 in taxes. But this info is not sufficient to determine Pat's earnings last month.

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

31 Jul 2012, 01:32

1

This post received KUDOS

The question asks us to find the Pat's earnings. Let us assume the Variable E for his earnings.

Statement (1): From the Information given we can set up the equation: (1/3) (E*(1/2))= 600. E can be calculated (E= 3600). -> SUFFICIENT

Statement (2): This statement only tells us that the amount of tax he payed was twice the amount of money he saved. This information does not help us calculate Pat's earnings.-> NOT SUFFICIENT

If Pat saved $600 of his earnings last month, how much did Pat earn last month?

Let E be Pat's earnings last month.

(1) Pat spent 1/2 of his earnings last month for living expenses and saved 1/3 of the remainder. Pat spent \(\frac{E}{2}\), so \(E-\frac{E}{2}=\frac{E}{2}\) remained. We are told that 1/3 of that amount, or \(\frac{E}{6}\), was saved. Since we know that Pat saved $600 of his earnings last month, then we have that \(\frac{E}{6}=600\) --> \(E=3,600\). Sufficient.

(2) Of his earnings last month, Pat paid twice as much in taxes as he saved. Since Pat saved $600 of his earnings last month, then he paid 2*$600=$1,200 in taxes. But this info is not sufficient to determine Pat's earnings last month.

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

05 Oct 2012, 03:20

Hi Bunuel,

I was just researching on this question and got your explanation. I got why (A) is correct. But I didn't understand B. I thought (B) was also the correct answer, so eventually i selected D, which was incorrect.

So, here's my reasoning for (B). I want to know where i am going wrong.

Pat saved $600, and paid $1200 for taxes. If Earnings= Taxes + Savings, then Earnings= $1800.

Were there any expenses that i could have assumed in (B) ? Because in (A), the explanation says there were expenses, so (A) is clear.

I was just researching on this question and got your explanation. I got why (A) is correct. But I didn't understand B. I thought (B) was also the correct answer, so eventually i selected D, which was incorrect.

So, here's my reasoning for (B). I want to know where i am going wrong.

Pat saved $600, and paid $1200 for taxes. If Earnings= Taxes + Savings, then Earnings= $1800.

Were there any expenses that i could have assumed in (B) ? Because in (A), the explanation says there were expenses, so (A) is clear.

Thanks & Regards Vinni

(2) is not sufficient because we don't know how much of his earnings last month Pat spent for living expenses.
_________________

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

05 Oct 2012, 05:21

Bunuel, I got your point. But one more question. As it is a DS question, we are not given anything about expenses in B. So, why there is a need to assume living expenses.

Bunuel, I got your point. But one more question. As it is a DS question, we are not given anything about expenses in B. So, why there is a need to assume living expenses.

Looking forward to your reply.

Regards Vinni

It's the other way around: if you are saying that (2) is sufficient, then you are assuming that there are no living expenses at all. Plus, assuming that is against common sense and the first statement.
_________________

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

05 Oct 2012, 05:47

Bunuel wrote:

It's the other way around: if you are saying that (2) is sufficient, then you are assuming that there are no living expenses at all. Plus, assuming that is against common sense and the first statement.

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

30 Oct 2013, 18:59

Bunuel wrote:

SOLUTION

If Pat saved $600 of his earnings last month, how much did Pat earn last month?

Let E be Pat's earnings last month.

(1) Pat spent 1/2 of his earnings last month for living expenses and saved 1/3 of the remainder. Pat spent \(\frac{E}{2}\), so \(E-\frac{E}{2}=\frac{E}{2}\) remained. We are told that 1/3 of that amount, or \(\frac{E}{6}\), was saved. Since we know that Pat saved $600 of his earnings last month, then we have that \(\frac{E}{6}=600\) --> \(E=3,600\). Sufficient.

(2) Of his earnings last month, Pat paid twice as much in taxes as he saved. Since Pat saved $600 of his earnings last month, then he paid 2*$600=$1,200 in taxes. But this info is not sufficient to determine Pat's earnings last month.

Answer: A.

Why are we assuming that their are no other expenses per month than living expenses?

I got E simple because i told myself the following: Expenses (per month) = Living Expenses + Utility + mortgage + Car Lease...etc 1) only gave us the living expenses (i.e.: food and beverages???)

If Pat saved $600 of his earnings last month, how much did Pat earn last month?

Let E be Pat's earnings last month.

(1) Pat spent 1/2 of his earnings last month for living expenses and saved 1/3 of the remainder. Pat spent \(\frac{E}{2}\), so \(E-\frac{E}{2}=\frac{E}{2}\) remained. We are told that 1/3 of that amount, or \(\frac{E}{6}\), was saved. Since we know that Pat saved $600 of his earnings last month, then we have that \(\frac{E}{6}=600\) --> \(E=3,600\). Sufficient.

(2) Of his earnings last month, Pat paid twice as much in taxes as he saved. Since Pat saved $600 of his earnings last month, then he paid 2*$600=$1,200 in taxes. But this info is not sufficient to determine Pat's earnings last month.

Answer: A.

Why are we assuming that their are no other expenses per month than living expenses?

I got E simple because i told myself the following: Expenses (per month) = Living Expenses + Utility + mortgage + Car Lease...etc 1) only gave us the living expenses (i.e.: food and beverages???)

Am I over assuming things?

We are not assuming that. Stem says that Pat saved $600. Next, (1) says that Pat spent half of his earnings on something and saved 1/3 of the remainder (so Pat saved 1/3 of the remaining half of his earnings). This implies that 1/3*(earnings/2)=600 --> earnings=3,600.

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

18 May 2014, 09:54

(1) Savings = 1/3*(1-1/2)*Earnings = 600: Sufficient -> We can solve for earnings

(2) Taxes = 2*Savings = 2*600 = 1200. We are not told how taxes or savings relate to earnings: Insufficient -> There's no way to solve for earnings without a relationship.

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

03 Jun 2015, 01:46

Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

03 Jun 2015, 02:25

very easy one 1/3 of 1/2 = 1/6x = 600 x = 3600 A is sufficient B only tells that taxes = 1200 but gives no clue about earnings so A it is
_________________

Push yourself again and again. Don't give an inch until the final buzzer sounds. -Larry Bird Success isn't something that just happens - success is learned, success is practiced and then it is shared. -Sparky Anderson -S

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

25 Jul 2015, 11:57

1

This post was BOOKMARKED

I am sorry to "reactivate" this old post, but I believe I am assuming things and I really shouldn't be:

On Statement 2: I assumed that Taxes (T) were his total expenses, so out of his Earnings (E), he would have Saved (S) $ 600. Since the T = 2S = 2.$600 = $ 1,200, with that in mind E - T = S, then E = S + T, then E = $600 + $ 1,200 = $ 1,800.

I believe I should NOT assume that Taxes are his total Expenses on Statement 2 since, it does not mention that ?

I am sorry to "reactivate" this old post, but I believe I am assuming things and I really shouldn't be:

On Statement 2: I assumed that Taxes (T) were his total expenses, so out of his Earnings (E), he would have Saved (S) $ 600. Since the T = 2S = 2.$600 = $ 1,200, with that in mind E - T = S, then E = S + T, then E = $600 + $ 1,200 = $ 1,800.

I believe I should NOT assume that Taxes are his total Expenses on Statement 2 since, it does not mention that ?

Yes, exactly . Statement 2 does not provide you any information about living exp or any other expenses apart from the taxes. Statement 1 is straightforward as we dont have to worry about the actual division of his "expenditures".

Re: If Pat saved $600 of his earnings last month, how much did [#permalink]

Show Tags

22 Jul 2016, 11:17

Bunuel wrote:

If Pat saved $600 of his earnings last month, how much did Pat earn last month?

(1) Pat spent 1/2 of his earnings last month for living expenses and saved 1/3 of the remainder. (2) Of his earnings last month, Pat paid twice as much in taxes as he saved.

We are given that Pat saved $600 worth of his earnings, and we need to determine how much he earned last month.

Statement One Alone:

Pat spent 1/2 of his earnings last month for living expenses and saved 1/3 of the remainder.

From the information in statement one, we can set up some variables and equations.

We are given that Pat spent ½ of his earnings last month for living expenses. So if we let L = living expenses, and E = total money earned last month, we can say:

½(E) = L

We are also given that Pat saved 1/3 of the remainder. Since we see that ½(E) went towards the living expenses, the remainder of that is E – ½(E) = ½(E). Remember, too, that we were initially told that Pat saved $600. Thus, we can say:

1/3[1/2(E)] = 600

1/6(E) = 600

E = 3,600

We see that Pat earned $3,600. Statement one is sufficient to answer the question. We can eliminate answer choices B, C, and E.

Statement Two Alone:

Of his earnings last month, Pat paid twice as much in taxes as he saved.

From statement two we can set up an equation in which T = taxes paid by Pat last month.

T = 2(600)

T = 1,200

Although we know how much Pat paid in taxes last month, we do not know how much Pat earned. Statement two is not sufficient to answer the question.

Answer: A
_________________

Jeffrey Miller Scott Woodbury-Stewart Founder and CEO

gmatclubot

Re: If Pat saved $600 of his earnings last month, how much did
[#permalink]
22 Jul 2016, 11:17

Its been long time coming. I have always been passionate about poetry. It’s my way of expressing my feelings and emotions. And i feel a person can convey...

Written by Scottish historian Niall Ferguson , the book is subtitled “A Financial History of the World”. There is also a long documentary of the same name that the...

Post-MBA I became very intrigued by how senior leaders navigated their career progression. It was also at this time that I realized I learned nothing about this during my...