GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 23 Oct 2019, 14:45

### GMAT Club Daily Prep

#### 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

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

## Events & Promotions

### Show Tags

23 Aug 2018, 04:52
00:00

Difficulty:

5% (low)

Question Stats:

94% (00:54) correct 6% (01:24) wrong based on 41 sessions

### HideShow timer Statistics

If the sales tax on an appliance priced at $300 is between 5 percent and 8 percent, then the cost (price plus sales tax) of the appliance could be (A)$310

(B) $312 (C)$314

(D) $318 (E)$325

_________________
Director
Joined: 20 Feb 2015
Posts: 756
Concentration: Strategy, General Management
Re: If the sales tax on an appliance priced at $300 is between 5 percent [#permalink] ### Show Tags 23 Aug 2018, 05:14 Bunuel wrote: If the sales tax on an appliance priced at$300 is between 5 percent and 8 percent, then the cost (price plus sales tax) of the appliance could be

(A) $310 (B)$312

(C) $314 (D)$318

(E) $325 minimum value = 300 + .05 * 300 = 315 maximum value = 300 + 0.08 * 300 = 324 318 it is !! VP Status: Learning stage Joined: 01 Oct 2017 Posts: 1011 WE: Supply Chain Management (Energy and Utilities) Re: If the sales tax on an appliance priced at$300 is between 5 percent  [#permalink]

### Show Tags

23 Aug 2018, 05:19
Bunuel wrote:
If the sales tax on an appliance priced at $300 is between 5 percent and 8 percent, then the cost (price plus sales tax) of the appliance could be (A)$310

(B) $312 (C)$314

(D) $318 (E)$325

$$300(1+\frac{5}{100})<Cost < 300(1+\frac{8}{100})$$
=$$300*1.05 < Cost < 300*1.08$$
=315 < Cost < 324

Among the answer options option(D) $318 fits the above inequality. Ans. (D) _________________ Regards, PKN Rise above the storm, you will find the sunshine Board of Directors Status: QA & VA Forum Moderator Joined: 11 Jun 2011 Posts: 4784 Location: India GPA: 3.5 WE: Business Development (Commercial Banking) Re: If the sales tax on an appliance priced at$300 is between 5 percent  [#permalink]

### Show Tags

23 Aug 2018, 06:42
Bunuel wrote:
If the sales tax on an appliance priced at $300 is between 5 percent and 8 percent, then the cost (price plus sales tax) of the appliance could be (A)$310

(B) $312 (C)$314

(D) $318 (E)$325

$$\frac{105}{100}*300 <$$ Sales Price (Including Tax) $$< \frac{108}{100}*300$$

So, $$315 <$$ Sales Price (Including Tax) $$< 324$$ , Thus Answer must be (D) which falls within the given range.
_________________
Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )
VP
Joined: 31 Oct 2013
Posts: 1468
Concentration: Accounting, Finance
GPA: 3.68
WE: Analyst (Accounting)
If the sales tax on an appliance priced at $300 is between 5 percent [#permalink] ### Show Tags 23 Aug 2018, 11:48 Bunuel wrote: If the sales tax on an appliance priced at$300 is between 5 percent and 8 percent, then the cost (price plus sales tax) of the appliance could be

(A) $310 (B)$312

(C) $314 (D)$318

(E) $325 Tax range is given. So we can find out the cost price range which can be reckoned as follows : Lowest cost : Tax : 300 * 5% = 15 Total cost : 300 + 15 = 315 Highest Cost: Tax : 300 * 8% = 24 Total cost: 300 + 24 = 324. Price Range : 315 to 324. Option D, 318, is our answer. SVP Joined: 26 Mar 2013 Posts: 2341 Re: If the sales tax on an appliance priced at$300 is between 5 percent  [#permalink]

### Show Tags

24 Aug 2018, 14:52
Bunuel wrote:
If the sales tax on an appliance priced at $300 is between 5 percent and 8 percent, then the cost (price plus sales tax) of the appliance could be (A)$310

(B) $312 (C)$314

(D) $318 (E)$325

I would use minimal calculation

10% of 300 = 30.........5% of 300 =15...........Eliminate A,B &C

1% of 300 = 3......8% =24........Eliminate E

Target Test Prep Representative
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 8137
Location: United States (CA)
Re: If the sales tax on an appliance priced at $300 is between 5 percent [#permalink] ### Show Tags 26 Aug 2018, 19:24 Bunuel wrote: If the sales tax on an appliance priced at$300 is between 5 percent and 8 percent, then the cost (price plus sales tax) of the appliance could be

(A) $310 (B)$312

(C) $314 (D)$318

(E) $325 The least total cost is 1.05 x 300 = 315. The greatest total cost is 1.08 x 300 = 324. So the total cost could be 318. Answer: D _________________ # Scott Woodbury-Stewart Founder and CEO Scott@TargetTestPrep.com 122 Reviews 5-star rated online GMAT quant self study course See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews If you find one of my posts helpful, please take a moment to click on the "Kudos" button. Re: If the sales tax on an appliance priced at$300 is between 5 percent   [#permalink] 26 Aug 2018, 19:24
Display posts from previous: Sort by