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

It is currently 21 Feb 2019, 12:02

Close

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
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.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
  • Online GMAT boot camp for FREE

     February 21, 2019

     February 21, 2019

     10:00 PM PST

     11:00 PM PST

    Kick off your 2019 GMAT prep with a free 7-day boot camp that includes free online lessons, webinars, and a full GMAT course access. Limited for the first 99 registrants! Feb. 21st until the 27th.
  • Free GMAT RC Webinar

     February 23, 2019

     February 23, 2019

     07:00 AM PST

     09:00 AM PST

    Learn reading strategies that can help even non-voracious reader to master GMAT RC. Saturday, February 23rd at 7 AM PT

In country X a returning tourist must pay 8 percent tax on the first $

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 53063
In country X a returning tourist must pay 8 percent tax on the first $  [#permalink]

Show Tags

New post 21 Dec 2017, 20:27
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

90% (01:38) correct 10% (02:52) wrong based on 23 sessions

HideShow timer Statistics

In country X a returning tourist must pay 8 percent tax on the first $400 or less worth of imported goods. If the total value is in excess of $400 he must also pay a 10 percent tax on the portion of the total value in excess of 400. If a returning tourist pays $98 in tax, what is the value of imported goods he is bringing into the country?

A. $880
B. $900
C. $980
D. $1060
E. $1380

_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Intern
Intern
avatar
Joined: 14 Sep 2017
Posts: 4
Re: In country X a returning tourist must pay 8 percent tax on the first $  [#permalink]

Show Tags

New post 22 Dec 2017, 04:40
As the total tax payed is more than 0.08*400 = 32, the value of goods is more than 400. He payed 98 which is 66 more than 32. The extra 66 is 0.1 of 660. So the excess of 400 is 660. Total value is 1060


Sent from my iPhone using GMAT Club Forum
Manager
Manager
avatar
S
Joined: 24 Nov 2016
Posts: 151
Re: In country X a returning tourist must pay 8 percent tax on the first $  [#permalink]

Show Tags

New post 23 Dec 2017, 07:44
Bunuel wrote:
In country X a returning tourist must pay 8 percent tax on the first $400 or less worth of imported goods. If the total value is in excess of $400 he must also pay a 10 percent tax on the portion of the total value in excess of 400. If a returning tourist pays $98 in tax, what is the value of imported goods he is bringing into the country?

A. $880
B. $900
C. $980
D. $1060
E. $1380


\(Value=x\) and \(Tax=98\)

\(98=(400*0.08)+[(x-400)*0.10]\)
\(98= (32) + [(x-400)*0.1]\)
\(98 = 32 + [(x-400)*0.1]\)
\(66 = (x-400)*0.1\)
\(660=x-400\)

\(x=1060\)

(D) is the answer.
Senior PS Moderator
User avatar
V
Joined: 26 Feb 2016
Posts: 3340
Location: India
GPA: 3.12
Premium Member
Re: In country X a returning tourist must pay 8 percent tax on the first $  [#permalink]

Show Tags

New post 23 Dec 2017, 10:26
Bunuel wrote:
In country X a returning tourist must pay 8 percent tax on the first $400 or less worth of imported goods. If the total value is in excess of $400 he must also pay a 10 percent tax on the portion of the total value in excess of 400. If a returning tourist pays $98 in tax, what is the value of imported goods he is bringing into the country?

A. $880
B. $900
C. $980
D. $1060
E. $1380


If the amount on which the tax is paid is x, the following equation will be formed:

.08(400) + .1(x-400) = 98
32 + 0.1(x-400) = 98
32 + 0.1x - 40 = 98
0.1x = 98 + 8 = 106 => x = 1060

Therefore, the value of imported goods the tourist brings into the country is 1060(Option D)

_________________

You've got what it takes, but it will take everything you've got

GMAT Club Bot
Re: In country X a returning tourist must pay 8 percent tax on the first $   [#permalink] 23 Dec 2017, 10:26
Display posts from previous: Sort by

In country X a returning tourist must pay 8 percent tax on the first $

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.