Summer is Coming! Join the Game of Timers Competition to Win Epic Prizes. Registration is Open. Game starts Mon July 1st.

 It is currently 17 Jul 2019, 01:38

### 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

# In 1990 the budgets for projects Q and V were \$ 660,000

Author Message
TAGS:

### Hide Tags

Manager
Joined: 01 Jan 2013
Posts: 50
Location: India
In 1990 the budgets for projects Q and V were \$ 660,000  [#permalink]

### Show Tags

27 Oct 2013, 00:40
3
00:00

Difficulty:

35% (medium)

Question Stats:

73% (01:31) correct 27% (01:51) wrong based on 234 sessions

### HideShow timer Statistics

In 1990 the budgets for projects Q and V were \$660,000 and \$780,000, respectively. In each of the next 10 years, the budget for Q was increased by \$30,000 and the budget for V was decreased by \$10,000. In which year was the budget for Q equal to the budget for V ?

(A) 1992
(B) 1993
(C) 1994
(D) 1995
(E) 1996
Verbal Forum Moderator
Joined: 10 Oct 2012
Posts: 605
Re: In 1990 the budgets for projects Q and V were \$ 660,000  [#permalink]

### Show Tags

27 Oct 2013, 00:46
3
abid1986 wrote:
In 1990 the budgets for projects Q and V were \$660,000 and \$780,000, respectively. In each of the next 10 years, the budget for Q was increased by \$30,000 and the budget for V was decreased by \$10,000. In which year was the budget for Q equal to the budget for V ?

(A) 1992
(B) 1993
(C) 1994
(D) 1995
(E) 1996

Let the no of years it takes is x.

660+30x = 780-10x --> 40x = 120 and x=3.

Thus, it happens in 1993.

B.
_________________
Intern
Joined: 16 May 2013
Posts: 21
Location: Azerbaijan
Concentration: Finance
GMAT 1: 680 Q49 V32
GPA: 3.9
WE: Accounting (Telecommunications)
Re: In 1990 the budgets for projects Q and V were \$ 660,000  [#permalink]

### Show Tags

27 Oct 2013, 00:47
Q=660k increases by 30k per year
V=780k decreases by 10k per year
if x year passes, Q=V, then:
660k+30k*x=780k-10k*x
x*40k=120k
x=3

after 3 years budgets for both will be \$750,000. Answer is B.
Intern
Joined: 23 Mar 2015
Posts: 5
Re: In 1990 the budgets for projects Q and V were \$ 660,000  [#permalink]

### Show Tags

30 Apr 2015, 08:47
780000-660000=120000
difference=40000 so it will take 3years
EMPOWERgmat Instructor
Status: GMAT Assassin/Co-Founder
Affiliations: EMPOWERgmat
Joined: 19 Dec 2014
Posts: 14563
Location: United States (CA)
GMAT 1: 800 Q51 V49
GRE 1: Q170 V170
Re: In 1990 the budgets for projects Q and V were \$ 660,000  [#permalink]

### Show Tags

07 May 2015, 21:44
1
Hi All,

Certain Quant questions on Test Day can be beaten with a bit of "brute force" and a little arithmetic. You don't need to be a genius and you don't need any special formulas, but you DO need to be ready to put pen to pad and do the work...

We're told the budgets for 2 projects in 1990:

Project Q = \$660,000
Project V = \$780,000

We're then told that in each of the next 10 years, the budget for Q was increased by \$30,000 and the budget for V was decreased by \$10,000. We're asked for the year in which the two budgets were EQUAL.

1991: Q = 690,000; V = 770,000
1992: Q = 720,000; V = 760,000
1993: Q = 750,000; V = 750,000

And we're done.

GMAT assassins aren't born, they're made,
Rich
_________________
760+: Learn What GMAT Assassins Do to Score at the Highest Levels
Contact Rich at: Rich.C@empowergmat.com

*****Select EMPOWERgmat Courses now include ALL 6 Official GMAC CATs!*****

# Rich Cohen

Co-Founder & GMAT Assassin

Special Offer: Save \$75 + GMAT Club Tests Free
Official GMAT Exam Packs + 70 Pt. Improvement Guarantee
www.empowergmat.com/
Non-Human User
Joined: 09 Sep 2013
Posts: 11667
Re: In 1990 the budgets for projects Q and V were \$ 660,000  [#permalink]

### Show Tags

16 Aug 2018, 06:29
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: In 1990 the budgets for projects Q and V were \$ 660,000   [#permalink] 16 Aug 2018, 06:29
Display posts from previous: Sort by