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The price of purchasing a car in Country Q is 120 percent

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The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 18 Aug 2009, 09:00
1
00:00
A
B
C
D
E

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Question Stats:

91% (01:24) correct 9% (01:45) wrong based on 324 sessions

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The price of purchasing a car in Country Q is 20 percent less than the price of purchasing a car in Country Y. Even after transportation fees and tariff charges are added, it is still cheaper for a buyer to import car from Country Q to Country Y than to buy car in Country Y.

The statements above, if true, best support which of the following assertions?

A. Gasoline prices in Country Q are 20 percent below those in Country Y.

B. Importing cars from Country Q to Country Y will eliminate 20 percent of the sales of cars in Country Y.

C. The tariff on a car imported from Country Q to Country Y is less than 20 percent of the price of a car in Country Y.

D. The fee for transporting a car from Country Q to Country Y is more than 20 percent of the price of a car in Country Q.

E. It takes 20 percent less time to transport a car in Country Q than it does in Country Y.

OA later after discussion..
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Re: The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 18 Aug 2009, 09:06
IMO..C.. the difference is 120% and option (c) says the tariff is lower than 120%..adding both it still cheaper for a buyer to import car from Country Q to Country Y than to buy car in Country Y.
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Re: The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 07 Sep 2009, 22:35
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How can anything be 120% less than another. Should be 20%.
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Re: The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 08 Sep 2009, 09:13
For sure answer is C.
Other options are too easy to eliminate. :lol:
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Re: The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 22 Oct 2009, 18:00
sher676 wrote:
How can anything be 120% less than another. Should be 20%.


I agree it should be 20%. 120% is impossible mathematically.
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Re: The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 22 Oct 2009, 21:42
If it's a 100k Benz, then I get the benz plus 20k for pocket change....

Crejoc, no offense mate, but I think the creator of this problem owes me a Ferrari, and some cash in change! :-D
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Re: The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 22 Oct 2009, 22:25
How can the cost be 120 % lower? I assume it is 20% :-D
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The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 05 Jan 2017, 21:44
The typo has been corrected, and the OA has been added.
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Re: The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 11 Jan 2018, 21:21
C For sure
got the right one in 52 seconds although read choices twice :p
Good Start of day
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Re: The price of purchasing a car in Country Q is 120 percent  [#permalink]

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New post 28 Apr 2018, 03:10
crejoc wrote:
The price of purchasing a car in Country Q is 20 percent less than the price of purchasing a car in Country Y. Even after transportation fees and tariff charges are added, it is still cheaper for a buyer to import car from Country Q to Country Y than to buy car in Country Y.


The statements above, if true, best support which of the following assertions?

A. Gasoline prices in Country Q are 20 percent below those in Country Y.

B. Importing cars from Country Q to Country Y will eliminate 20 percent of the sales of cars in Country Y.

C. The tariff on a car imported from Country Q to Country Y is less than 20 percent of the price of a car in Country Y.

D. The fee for transporting a car from Country Q to Country Y is more than 20 percent of the price of a car in Country Q.

E. It takes 20 percent less time to transport a car in Country Q than it does in Country Y.


Only C makes sense. If tariff on the imports is less than 20% in Country Q from Country Y. Then it is always beneficial to buy a car from Country Q.

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Re: The price of purchasing a car in Country Q is 120 percent &nbs [#permalink] 28 Apr 2018, 03:10
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