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Recently, fuel price has seen a hike of 20%. Mr X is planning to buy

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Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 07 Jul 2017, 02:06
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Recently, fuel price has seen a hike of 20%. Mr X is planning to buy a new car with better mileage as compared to his current car. By what % should the new mileage be more than the previous mileage to ensure that Mr X’s total fuel cost stays the same for the month? (assuming the distance traveled every month stays the same)[/b]

(A) 10%
(B) 17%
(C) 20%
(D) 21%
(E) 25%

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Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 07 Jul 2017, 03:42
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jedit wrote:
Bunuel wrote:
Recently, fuel price has seen a hike of 20%. Mr X is planning to buy a new car with better mileage as compared to his current car. By what % should the new mileage be more than the previous mileage to ensure that Mr X’s total fuel cost stays the same for the month? (assuming the distance traveled every month stays the same)[/b]

(A) 10%
(B) 17%
(C) 20%
(D) 21%
(E) 25%


Answer: B
Lets say Price and Mileage before hike are P1 and M1 respectively. After Hike, they are P2 and M2 respectively.

We need them to be Equal.

\(P1 * M1 = P2 * M2\)



Hi..
We have to be very careful while making the equation
Even the Q tells you that the new mileage INCREASE, so the increase cannot be together both in P and M as the equation taken by you..

What is mileage? D/L...
D is same ..

So \(\frac{P_1}{M_1}=\frac{P_2}{M_2}.......m_2=\frac{p_2*m_1}{p_1}\)
Ans 20%
C
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Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post Updated on: 07 Jul 2017, 20:51
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Bunuel wrote:
Recently, fuel price has seen a hike of 20%. Mr X is planning to buy a new car with better mileage as compared to his current car. By what % should the new mileage be more than the previous mileage to ensure that Mr X’s total fuel cost stays the same for the month? (assuming the distance traveled every month stays the same)[/b]

(A) 10%
(B) 17%
(C) 20%
(D) 21%
(E) 25%


Answer: B
Lets say Price and Mileage before hike are P1 and M1 respectively. After Hike, they are P2 and M2 respectively.

If price per mile is to stay the same, we need to have this equation.

\(P1 / M1 = P2 / M2\)

\(M2 = P2 * M1/P1\)

but P2 is 1.2 times P1.

\(P1 / M1 = 1.2P1 / M2 * P1\)

\(M2 = 1.2M1\)

Difference is 1.2 or 20%.

Edit: Editing after mistake was pointed out by chetan2u
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Originally posted by jedit on 07 Jul 2017, 03:18.
Last edited by jedit on 07 Jul 2017, 20:51, edited 2 times in total.
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 07 Jul 2017, 19:30
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lets take 1 gallon of gas - 10$ - gives 30miles
same eq : 1 gallon of gas - 12$ - give x miles to breakeven.
12*30/10 = 36 , so miles should increase by 6 means 20% increase.
Ans C.
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 08 Jul 2017, 00:31
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Total cost initially = C * fuel => C * Distance/mileage ( mileage = distance/litre)
Let initial mileage be m1 and later mileage be m2
Later cost = 1.2C* Distance/m2
Cost has to remain same => C*D/m1 = 1.2 C* D/m2
=>m2 = 1.2m1 => 20% increase in mileage
IMO C
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 10 Jul 2017, 23:09
Confused like a chameleon in a bag of Skittles! Please help with an alternative explanation :)
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 12 Jul 2017, 16:36
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Bunuel wrote:
Recently, fuel price has seen a hike of 20%. Mr X is planning to buy a new car with better mileage as compared to his current car. By what % should the new mileage be more than the previous mileage to ensure that Mr X’s total fuel cost stays the same for the month? (assuming the distance traveled every month stays the same)[/b]

(A) 10%
(B) 17%
(C) 20%
(D) 21%
(E) 25%


Since the fuel price is directly proportional to mileage of a car; if the fuel price is increased by 20%, the mileage of the car should be increased by 20% as well to keep the total fuel cost the same.

Answer: C
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 20 Jul 2017, 05:10
chetan2u wrote:
jedit wrote:
Bunuel wrote:
Recently, fuel price has seen a hike of 20%. Mr X is planning to buy a new car with better mileage as compared to his current car. By what % should the new mileage be more than the previous mileage to ensure that Mr X’s total fuel cost stays the same for the month? (assuming the distance traveled every month stays the same)[/b]

(A) 10%
(B) 17%
(C) 20%
(D) 21%
(E) 25%


Answer: B
Lets say Price and Mileage before hike are P1 and M1 respectively. After Hike, they are P2 and M2 respectively.

We need them to be Equal.

\(P1 * M1 = P2 * M2\)



Hi..
We have to be very careful while making the equation
Even the Q tells you that the new mileage INCREASE, so the increase cannot be together both in P and M as the equation taken by you..

What is mileage? D/L...
D is same ..

So P1/M1=P2/M2.......m2=p2*m1p1
Ans 20%
C


Hi Chetan2u,

I guess you mentioned to say, m2 = p2*(m1/p1)

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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 30 Aug 2017, 09:26
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jedit wrote:
Bunuel wrote:
Recently, fuel price has seen a hike of 20%. Mr X is planning to buy a new car with better mileage as compared to his current car. By what % should the new mileage be more than the previous mileage to ensure that Mr X’s total fuel cost stays the same for the month? (assuming the distance traveled every month stays the same)[/b]

(A) 10%
(B) 17%
(C) 20%
(D) 21%
(E) 25%


Answer: B
Lets say Price and Mileage before hike are P1 and M1 respectively. After Hike, they are P2 and M2 respectively.

If price per mile is to stay the same, we need to have this equation.

\(P1 / M1 = P2 / M2\)

\(M2 = P2 * M1/P1\)

but P2 is 1.2 times P1.

\(P1 / M1 = 1.2P1 / M2 * P1\)

\(M2 = 1.2M1\)

Difference is 1.2 or 20%.

Edit: Editing after mistake was pointed out by chetan2u


hi

okay with your solution ...

can you, however, apply the same logic to the following problem ....??

The cost of fuel increases by 10%. By what % must the consumption of fuel decrease to keep the overall amount spent on the fuel same?

(A) 5%
(B) 9%
(C) 10%
(D) 11%
(E) 20%

thanks in advance ...
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Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 13 Sep 2017, 08:18
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Let's assume you can drive 100 miles at a cost of 1000 usd.
Because of the price increase, you now have to spend 1200 usd to drive the same mileage.

That means you used to spend 10 usd per mile, now you spend 12.

So, let M2 be the requested mileage so that the price per mile remains at 10 usd:

\(1200/M2 = 10\)

\(M2 = 120\)

\((120-100)/100 = 0.2\)

Thus answer C is the right one.
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Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 13 Sep 2017, 08:40
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This problem becomes a lot easier when we assume numbers.

If we were buying 1 unit fuel worth 100$ and the old car was
offering a mileage of 10 miles/gallon, it would cost us 10$ to drive a mile

Since the price has gone up by 20%, the fuel will now cost 120$.
If he needs to spend the same amount per miles driven,

Let the mileage of the new car be x

Therefore, \(\frac{120}{x} = 10\)
\(x = 12\)(which is a 20% increase over 10$/galon) (Option C)
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 31 Oct 2017, 02:55
pushpitkc wrote:
This problem becomes a lot easier when we assume numbers.

If we were buying 1 unit fuel worth 100$ and the old car was
offering a mileage of 10 miles/gallon, it would cost us 10$ to drive a mile

Since the price has gone up by 20%, the fuel will now cost 120$.
If he needs to spend the same amount per miles driven,

Let the mileage of the new car be x

Therefore, \(\frac{120}{x} = 10\)
\(x = 12\)(which is a 20% increase over 10$/galon) (Option C)


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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 01 Dec 2017, 07:03
Bunuel wrote:
Recently, fuel price has seen a hike of 20%. Mr X is planning to buy a new car with better mileage as compared to his current car. By what % should the new mileage be more than the previous mileage to ensure that Mr X’s total fuel cost stays the same for the month? (assuming the distance traveled every month stays the same)[/b]

(A) 10%
(B) 17%
(C) 20%
(D) 21%
(E) 25%


Hi, please explain whether mileage is miles/gallon or dollars/mile?

Please also help to solve this question in the most efficient manner.
VeritasPrepKarishma your help is greatly appreciated.
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 05 Jan 2018, 21:18
ShashankDave wrote:
Bunuel wrote:
Recently, fuel price has seen a hike of 20%. Mr X is planning to buy a new car with better mileage as compared to his current car. By what % should the new mileage be more than the previous mileage to ensure that Mr X’s total fuel cost stays the same for the month? (assuming the distance traveled every month stays the same)[/b]

(A) 10%
(B) 17%
(C) 20%
(D) 21%
(E) 25%


Hi, please explain whether mileage is miles/gallon or dollars/mile?

Please also help to solve this question in the most efficient manner.
VeritasPrepKarishma your help is greatly appreciated.


---------------------------

This can be seen as a problem with 2 inverse variations:
1. Since Mr.X want to be keep his fuel cost = const , the fuel hike would mean low fuel consumption i.e
cost = fuel price * fuel consumption = constant
after 20% hike, new fuel price = (fuel price)*(120/100) ---(a)
(fuel price) * (fuel consumption) = (new fuel price)*(fuel consumption)
On substituting (a) in the above, we get:
=> new fuel consumption = (fuel consumption) 100/120 {meaning fuel consumption has decreased now)

2. Next is about mileage, now Mr.X wants better mileage to handle the decreased fuel consumption

(old Mileage) * (fuel consumption) = (new mileage) * (new fuel consumption)

since new fuel consumption = (fuel consumption) 100/120

new mileage = (old mileage) * 120/100 => indicating a 20 % increase needed in mileage
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Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 04 Feb 2018, 04:34
Assume Mr.X travels 10 km everyday and requires 10 litres of fuel.
so current mileage = 10/10 = 1

Assume current cost of fuel is 1$ per litre => cost of 10litres = 10$
Given hike of 20%, so cost of fuel is 1.2$ per litre.

To have same cost of 10$ for hiked price, number of litres of fuel must be = 10/1.2 litres
so new mileage = 10 km/ new number of litres = 10/ (10/1.2) = 1.2

change in mileage = (1.2 - 1) = 0.2 = 20% (C)
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 15 Jun 2019, 12:38
Bunuel wrote:
Recently, fuel price has seen a hike of 20%. Mr X is planning to buy a new car with better mileage as compared to his current car. By what % should the new mileage be more than the previous mileage to ensure that Mr X’s total fuel cost stays the same for the month? (assuming the distance traveled every month stays the same)[/b]

(A) 10%
(B) 17%
(C) 20%
(D) 21%
(E) 25%



TL;DR



Total Cost ($) = Unit Price ($/unit) * Quantity (units)
Cost ($) = Fuel Price ($/litre) * 1/Mileage (litre/km) * Distance (km)

1 = (6/5) * 1/m * 1 => m = 6/5
Increase in m = 6/5 - 1 = 1/5 = 20%

ANSWER: C

Veritas Prep Official Solution



The problem here is ‘how is mileage related to fuel price?’

Total fuel cost = Fuel price * Quantity of fuel used

Since the ‘total fuel cost’ needs to stay the same, ‘fuel price’ varies inversely with ‘quantity of fuel used’.

Quantity of fuel used = Distance traveled/Mileage

Distance traveled = Quantity of fuel used*Mileage

Since the same distance needs to be traveled, ‘quantity of fuel used’ varies inversely with the ‘mileage’.

We see that ‘fuel price’ varies inversely with ‘quantity of fuel used’ and ‘quantity of fuel used’ varies inversely with ‘mileage’. So, if fuel price increases, quantity of fuel used decreases proportionally and if quantity of fuel used decreases, mileage increases proportionally. Hence, if fuel price increases, mileage increases proportionally or we can say that fuel price varies directly with mileage.

If fuel price becomes 6/5 (20% increase) of previous fuel price, we need the mileage to become 6/5 of the previous mileage too i.e. mileage should increase by 20% too.

Another method is that you can directly plug in the expression for ‘Quantity of fuel used’ in the original equation.

Total fuel cost = Fuel price * Distance traveled/Mileage

Since ‘total fuel cost’ and ‘distance traveled’ need to stay the same, ‘fuel price’ is directly proportional to ‘mileage’.

Answer (C)
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 29 Jul 2019, 00:45
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I took the assuming number approach:

Let`s say fuel price = 100 $/ltr and mileage = 20 miles/ltr
Then, fuel price/ mileage = \(\frac{100}{20}\) =5

Now, fuel price = 100 * 1.2 = 120, so to keep the ratio same = 5 :
the mileage should be = \(\frac{120}{5}\)= 24

Thus, the increase in mileage = (\(\frac{24 - 20}{20}\)) *100 = 20%

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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy  [#permalink]

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New post 21 Oct 2019, 11:28
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How correct we can set a general rule for the variation concept as following :
Direct proportion relation between two measurements, so it requires the same increase or decrease percentage
to retain the direct proportion relation. As for the inversely proportional measurements to each other, the reciprocal of the increase / decrease fraction for the same purpose is highly needed.

Who agree with me for the in general sense. For sure tricky and special cases need us to manipulate far beyond such general rule to correctly solve the problem
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Re: Recently, fuel price has seen a hike of 20%. Mr X is planning to buy   [#permalink] 21 Oct 2019, 11:28
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