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

 It is currently 06 Dec 2019, 11:49

### 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

# Last year Mr. John Q. Public received an inheritance. He paid 20% in

Author Message
TAGS:

### Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 59587
Last year Mr. John Q. Public received an inheritance. He paid 20% in  [#permalink]

### Show Tags

14 Mar 2019, 01:50
1
00:00

Difficulty:

25% (medium)

Question Stats:

86% (02:13) correct 14% (02:09) wrong based on 22 sessions

Last year Mr. John Q. Public received an inheritance. He paid 20% in federal taxes on the inheritance, and paid 10% of what he had left in state taxes. He paid a total of $10, 500 for both taxes. How many dollars was the inheritance? (A) 30, 000 (B) 32, 500 (C) 35, 000 (D) 37, 500 (E) 40, 000 _________________ Manager Joined: 21 Feb 2019 Posts: 125 Location: Italy Re: Last year Mr. John Q. Public received an inheritance. He paid 20% in [#permalink] ### Show Tags 14 Mar 2019, 02:58 Solve: $$0.2x + 0.1(x - 0.2x) = 10500$$ $$0.3x -\frac{1}{50}x = 10500$$ $$\frac{15x - x}{50}= 10500$$ $$x = 10500 * \frac{50}{14} = 1500 * 25 = 37500$$ Imho, correct answer is D. GMAT Club Legend Joined: 18 Aug 2017 Posts: 5428 Location: India Concentration: Sustainability, Marketing GPA: 4 WE: Marketing (Energy and Utilities) Last year Mr. John Q. Public received an inheritance. He paid 20% in [#permalink] ### Show Tags 14 Mar 2019, 05:03 Bunuel wrote: Last year Mr. John Q. Public received an inheritance. He paid 20% in federal taxes on the inheritance, and paid 10% of what he had left in state taxes. He paid a total of$10, 500 for both taxes. How many dollars was the inheritance?

(A) 30, 000
(B) 32, 500
(C) 35, 000
(D) 37, 500
(E) 40, 000

IMO D
37500*.8*.9 = 27,000
i.e 10,500 amount of both taxes
Target Test Prep Representative
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 8620
Location: United States (CA)
Re: Last year Mr. John Q. Public received an inheritance. He paid 20% in  [#permalink]

### Show Tags

18 Mar 2019, 18:45
Bunuel wrote:
Last year Mr. John Q. Public received an inheritance. He paid 20% in federal taxes on the inheritance, and paid 10% of what he had left in state taxes. He paid a total of \$10, 500 for both taxes. How many dollars was the inheritance?

(A) 30, 000
(B) 32, 500
(C) 35, 000
(D) 37, 500
(E) 40, 000

We can create the equation:

0.2n + 0.1(0.8n) = 10,500

0.2n + 0.08n = 10,500

0.28n = 10,500

n = 37,500

_________________

# Scott Woodbury-Stewart

Founder and CEO

Scott@TargetTestPrep.com
122 Reviews

5-star rated online GMAT quant
self study course

See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews

If you find one of my posts helpful, please take a moment to click on the "Kudos" button.

Re: Last year Mr. John Q. Public received an inheritance. He paid 20% in   [#permalink] 18 Mar 2019, 18:45
Display posts from previous: Sort by