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

 It is currently 13 Nov 2018, 10:15

### 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

###### Events & Promotions in November
PrevNext
SuMoTuWeThFrSa
28293031123
45678910
11121314151617
18192021222324
2526272829301
Open Detailed Calendar
• ### Essential GMAT Time-Management Hacks

November 14, 2018

November 14, 2018

07:00 PM PST

08:00 PM PST

Join the webinar and learn time-management tactics that will guarantee you answer all questions, in all sections, on time. Save your spot today! Nov. 14th at 7 PM PST

Author Message
TAGS:

### Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 50570
In country X a returning tourist must pay 8 percent tax on the first $[#permalink] ### Show Tags 21 Dec 2017, 20:27 00:00 Difficulty: 15% (low) Question Stats: 89% (01:39) correct 11% (02:52) wrong based on 22 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. $1380 _________________ Intern Joined: 14 Sep 2017 Posts: 4 Re: In country X a returning tourist must pay 8 percent tax on the first$  [#permalink]

### Show Tags

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
Joined: 24 Nov 2016
Posts: 152
Re: In country X a returning tourist must pay 8 percent tax on the first $[#permalink] ### 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: 3302 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