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# Nina has exactly enough money to purchase 6 widgets. If the cost of ea

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Math Expert
Joined: 02 Sep 2009
Posts: 56307
Nina has exactly enough money to purchase 6 widgets. If the cost of ea  [#permalink]

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25 Jun 2019, 02:57
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Difficulty:

15% (low)

Question Stats:

94% (01:49) correct 6% (02:28) wrong based on 32 sessions

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Nina has exactly enough money to purchase 6 widgets. If the cost of each widget were reduced by \$1.25, then Nina would have exactly enough money to purchase 8 widgets. How much money does Nina have?

A. \$22
B. \$24
C. \$30
D. \$36
E. \$40

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Intern
Joined: 03 Dec 2018
Posts: 16
Location: India
WE: Operations (Commercial Banking)
Re: Nina has exactly enough money to purchase 6 widgets. If the cost of ea  [#permalink]

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25 Jun 2019, 03:35
Bunuel wrote:
Nina has exactly enough money to purchase 6 widgets. If the cost of each widget were reduced by \$1.25, then Nina would have exactly enough money to purchase 8 widgets. How much money does Nina have?

A. \$22
B. \$24
C. \$30
D. \$36
E. \$40

6x=8(x-1.25)
x=5
total=30
Director
Joined: 20 Jul 2017
Posts: 563
Location: India
Concentration: Entrepreneurship, Marketing
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Re: Nina has exactly enough money to purchase 6 widgets. If the cost of ea  [#permalink]

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25 Jun 2019, 05:50
Bunuel wrote:
Nina has exactly enough money to purchase 6 widgets. If the cost of each widget were reduced by \$1.25, then Nina would have exactly enough money to purchase 8 widgets. How much money does Nina have?

A. \$22
B. \$24
C. \$30
D. \$36
E. \$40

Let the price of each widget be p \$ and Total money = X \$
--> X = 6*p ....... (1)

If the cost of each widget were reduced by \$1.25, then Nina would have exactly enough money to purchase 8 widgets
--> X = 8*(p - 1.25) ....... (2)

Equating (1) & (2)
--> 6*p = 8*p - 10
--> 10 = 2*p
--> p = 5 \$

Total money = X = 6*p = 6*5 = 30 \$

IMO Option C

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Joined: 22 Nov 2018
Posts: 485
Location: India
GMAT 1: 640 Q45 V35
GMAT 2: 660 Q48 V33
Nina has exactly enough money to purchase 6 widgets. If the cost of ea  [#permalink]

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25 Jun 2019, 07:38
Bunuel wrote:
Nina has exactly enough money to purchase 6 widgets. If the cost of each widget were reduced by \$1.25, then Nina would have exactly enough money to purchase 8 widgets. How much money does Nina have?

A. \$22
B. \$24
C. \$30
D. \$36
E. \$40

So from stem 8*1.25 (Reduction)=2 Widgets; so 1 widget is 5\$ before reduction and so 6 widgets cost is 30.
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Re: Nina has exactly enough money to purchase 6 widgets. If the cost of ea  [#permalink]

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01 Jul 2019, 17:55
Bunuel wrote:
Nina has exactly enough money to purchase 6 widgets. If the cost of each widget were reduced by \$1.25, then Nina would have exactly enough money to purchase 8 widgets. How much money does Nina have?

A. \$22
B. \$24
C. \$30
D. \$36
E. \$40

Let’s denote the price of one widget by p and Nina’s money by n. We can create the equations:

6p = n

and

8(p - 1.25) = n

8p - 10 = n

Equating our two equations, we have:

8p - 10 = 6p

2p = 10

p = 5

Nina has 5 x 6 = 30 dollars.

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Re: Nina has exactly enough money to purchase 6 widgets. If the cost of ea   [#permalink] 01 Jul 2019, 17:55
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