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

 It is currently 21 Feb 2019, 12:02

### 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

## Events & Promotions

###### 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

### Show Tags

21 Dec 2017, 20:27
00:00

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

_________________
Intern
Joined: 14 Sep 2017
Posts: 4

### Show Tags

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
Joined: 26 Feb 2016
Posts: 3340
Location: India
GPA: 3.12
Re: In country X a returning tourist must pay 8 percent tax on the first $[#permalink] ### Show Tags 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. $1380 If the amount on which the tax is paid is x, the following equation will be formed: .08(400) + .1(x-400) = 98 32 + 0.1(x-400) = 98 32 + 0.1x - 40 = 98 0.1x = 98 + 8 = 106 => x = 1060 Therefore, the value of imported goods the tourist brings into the country is 1060(Option D) _________________ You've got what it takes, but it will take everything you've got Re: In country X a returning tourist must pay 8 percent tax on the first$   [#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

 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®.