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# In Country X a returning tourist may import goods with a tot

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Math Expert
Joined: 02 Sep 2009
Posts: 58420
In Country X a returning tourist may import goods with a tot  [#permalink]

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30 Dec 2013, 05:58
1
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Difficulty:

5% (low)

Question Stats:

92% (01:02) correct 8% (01:10) wrong based on 576 sessions

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The Official Guide For GMAT® Quantitative Review, 2ND Edition

In Country X a returning tourist may import goods with a total value of \$500 or less tax free, but must pay an 8 percent tax on the portion of the total value in excess of \$500. What tax must be paid by a returning tourist who imports goods with a total value of \$730 ?

(A) \$58.40
(B) \$40 .00
(C) \$24.60
(D) \$18.40
(E) \$16.00

Problem Solving
Question: 12
Category: Arithmetic Percents
Page: 63
Difficulty: 500

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Re: In Country X a returning tourist may import goods with a tot  [#permalink]

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30 Dec 2013, 05:58
SOLUTION

In Country X a returning tourist may import goods with a total value of \$500 or less tax free, but must pay an 8 percent tax on the portion of the total value in excess of \$500. What tax must be paid by a returning tourist who imports goods with a total value of \$730 ?

(A) \$58.40
(B) \$40 .00
(C) \$24.60
(D) \$18.40
(E) \$16.00

The tourist must pay tax on \$730 - \$500 = \$230. Thus the amount to be paid is 0.08*\$230 = \$18.40.

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Re: In Country X a returning tourist may import goods with a tot  [#permalink]

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30 Dec 2013, 08:07
1
I think D.
The amount in excess of 500 : 730-500=230
The amount of tax : 230*0.08 = 18.4 (D)
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Re: In Country X a returning tourist may import goods with a tot  [#permalink]

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30 Dec 2013, 22:28
1
Since the 8% tax levied is on the portion of the total value in excess of \$500, 8% has to be computed for the difference in value from \$730.

The difference is 730 - 500 = 230.
Tax to be paid by the returning tourist is (.08) * 230 = 18.4.

Math Expert
Joined: 02 Sep 2009
Posts: 58420
Re: In Country X a returning tourist may import goods with a tot  [#permalink]

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05 Jan 2014, 10:22
SOLUTION

In Country X a returning tourist may import goods with a total value of \$500 or less tax free, but must pay an 8 percent tax on the portion of the total value in excess of \$500. What tax must be paid by a returning tourist who imports goods with a total value of \$730 ?

(A) \$58.40
(B) \$40 .00
(C) \$24.60
(D) \$18.40
(E) \$16.00

The tourist must pay tax on \$730 - \$500 = \$230. Thus the amount to be paid is 0.08*\$230 = \$18.40.

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Joined: 10 May 2012
Posts: 2
Re: In Country X a returning tourist may import goods with a tot  [#permalink]

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15 Jan 2014, 21:04
My solution: 730-500= 230
For every 100, tax paid is \$8 So tax paid >16. Closest option: D
Intern
Joined: 20 Oct 2015
Posts: 36
Re: In Country X a returning tourist may import goods with a tot  [#permalink]

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05 Jul 2016, 06:29
Bunuel wrote:
The Official Guide For GMAT® Quantitative Review, 2ND Edition

In Country X a returning tourist may import goods with a total value of \$500 or less tax free, but must pay an 8 percent tax on the portion of the total value in excess of \$500. What tax must be paid by a returning tourist who imports goods with a total value of \$730 ?

(A) \$58.40
(B) \$40 .00
(C) \$24.60
(D) \$18.40
(E) \$16.00

Problem Solving
Question: 12
Category: Arithmetic Percents
Page: 63
Difficulty: 500

GMAT Club is introducing a new project: The Official Guide For GMAT® Quantitative Review, 2ND Edition - Quantitative Questions Project

Each week we'll be posting several questions from The Official Guide For GMAT® Quantitative Review, 2ND Edition and then after couple of days we'll provide Official Answer (OA) to them along with a slution.

We'll be glad if you participate in development of this project:
2. Please vote for the best solutions by pressing Kudos button;
3. Please vote for the questions themselves by pressing Kudos button;
4. Please share your views on difficulty level of the questions, so that we have most precise evaluation.

Thank you!

730-500=230\$

230*0.8=18.4
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Re: In Country X a returning tourist may import goods with a tot  [#permalink]

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21 Feb 2019, 05:11
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Re: In Country X a returning tourist may import goods with a tot   [#permalink] 21 Feb 2019, 05:11
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