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# Raymond purchased a package of ground beef at a cost of \$1.9

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Raymond purchased a package of ground beef at a cost of \$1.9 [#permalink]

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06 Jan 2011, 17:44
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Question Stats:

81% (01:12) correct 19% (01:28) wrong based on 244 sessions

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Raymond purchased a package of ground beef at a cost of \$1.98 per pound. If, for the same amount of money, Raymond could have purchased a piece of steak that weighed 40 percent less than the package of ground beef, what was the cost per pound of the steak?

A. \$4.95
B. \$4.20
C. \$3.60
D. \$3.30
E. \$3.10
[Reveal] Spoiler: OA

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Ajit

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Re: Raymond purchased a package [#permalink]

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06 Jan 2011, 18:00
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ajit257 wrote:
Raymond purchased a package of ground beef at a cost of \$1.98 per pound. If, for the same amount of money, Raymond could have purchased a piece of steak that weighed 40 percent less than the package of ground beef, what was the cost per pound of the steak?

A. \$4.95
B. \$4.20
C. \$3.60
D. \$3.30
E. \$3.10

I have a doubt the ans.

Forget about the packages. Basically we are told that \$1.98 is enough to buy a piece of steak which is 40% less than 1 pound, so \$1.98 is enough to buy 0.6 pounds of steak --> 0.6 pound = \$1.98 --> 1 pound = \$1.98/0.6 = \$3.3.

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Re: Raymond purchased a package [#permalink]

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07 Jan 2011, 09:50
Always for this kind of a problem(s), the best method is to go by the cross multiplications ,

If A = B , And C is what ???

A= B , then take C= X, then X = B*C/A

SO, 1 Pound of beef = \$ 1.98

Then 60% of 1 Pound of Steak (A) = \$1.98 (B)

Then 100 % of 1 Pound of steak (C) = X

So , X = \$1.98 *1 Pond of steak / .6Pound of steak

We get \$3.30 Ans D.

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Re: Raymond purchased a package [#permalink]

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08 Jan 2011, 21:31
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ajit257 wrote:
Raymond purchased a package of ground beef at a cost of \$1.98 per pound. If, for the
same amount of money, Raymond could have purchased a piece of steak that weighed 40
percent less than the package of ground beef, what was the cost per pound of the steak?

A. \$4.95
B. \$4.20
C. \$3.60
D. \$3.30
E. \$3.10

I have a doubt the ans.

Remember, Expense = Price * Quantity
If for same Expense, Quantity of Steak is 6/10 of the quantity of ground beef, then price of Steak must be 10/6 of the price of ground beef. (to keep expense same Expense = (10/6)Price * (6/10) Quantity)
(10/6)*1.98 = 3.3
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Re: Raymond purchased a package of ground beef at a cost of \$1.9 [#permalink]

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17 Nov 2013, 09:21
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Re: Raymond purchased a package of ground beef at a cost of \$1.9 [#permalink]

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13 May 2015, 19:13
Hello from the GMAT Club BumpBot!

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Re: Raymond purchased a package of ground beef at a cost of \$1.9 [#permalink]

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24 May 2015, 04:22
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1.98x=0.6xy

y=1.98x/0.6x=3.3

D

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Re: Raymond purchased a package of ground beef at a cost of \$1.9 [#permalink]

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16 May 2016, 23:51
a EP2 question CAT6 lol
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Re: Raymond purchased a package of ground beef at a cost of \$1.9 [#permalink]

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10 Aug 2017, 16:44
Hello from the GMAT Club BumpBot!

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Re: Raymond purchased a package of ground beef at a cost of \$1.9 [#permalink]

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10 Aug 2017, 20:23
1.98/x = 0.6/1
0.6x = 1.98
x = 3.3

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Re: Raymond purchased a package of ground beef at a cost of \$1.9   [#permalink] 10 Aug 2017, 20:23
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