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

 It is currently 14 Nov 2019, 20:42

### 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

# The table above shows the cancellation fee schedule that a travel agen

Author Message
TAGS:

### Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 59039
The table above shows the cancellation fee schedule that a travel agen  [#permalink]

### Show Tags

14 Feb 2014, 02:01
1
29
00:00

Difficulty:

75% (hard)

Question Stats:

64% (02:19) correct 36% (02:18) wrong based on 621 sessions

### HideShow timer Statistics

The Official Guide For GMAT® Quantitative Review, 2ND Edition

The table above shows the cancellation fee schedule that a travel agency uses to determine the fee charged to a tourist who cancels a trip prior to departure. If a tourist canceled a trip with a package price of $1,700 and a departure date of September 4, on what day was the trip canceled? (1) The cancellation fee was$595.

(1) The cancellation fee was $595 --> cancellation fee is 595/1700=35% of a package price, so the trip was canceled from 31 to 45 days prior to 4th of September. Not sufficient. (2) If the trip had been canceled one day later, the cancellation fee would have been$255 more --> $255 is 15% of of a package price, so the trip was canceled either 31 or 16 days prior to 4th of September (15% change is from 35% to 50% and from 50% to 65%). Not sufficient. (1)+(2) The trip was canceled 31 days prior to 4th of September. Sufficient. Answer: C. Similar questions to practice: the-table-above-shows-the-fees-that-must-be-paid-to-a-car-re-149940.html a-health-club-charges-an-annual-10-renewal-fee-for-all-memb-160900.html _________________ Manager Joined: 04 Jan 2014 Posts: 115 GMAT 1: 660 Q48 V32 GMAT 2: 630 Q48 V28 GMAT 3: 680 Q48 V35 Re: The table above shows the cancellation fee schedule that a travel agen [#permalink] ### Show Tags 14 Feb 2014, 03:34 1 1 St1: The cancellation fee was$595.

595 is 35% of 1700. We are in the 45-31 day window. It can be any day during that window. Not sufficient.

St2: If the trip had been canceled one day later, the cancellation fee would have been $255 more. Not sufficient. We don't know$255 more than what?

St1 + St2: So, if the cancellation was 1 day later, total fee = 595 + 255 = 850 which is 50% of 1700. We are in the 30-16 day window. However, this is a "would have been" scenario which means the cancellation was exactly 30 days earlier than September 4. Sufficient.

Intern
Joined: 20 Nov 2013
Posts: 25
Schools: LBS '17
Re: The table above shows the cancellation fee schedule that a travel agen  [#permalink]

### Show Tags

07 Jun 2014, 14:26
Is there a quick way to derive that 595/1700 = 35% ?
Math Expert
Joined: 02 Sep 2009
Posts: 59039
Re: The table above shows the cancellation fee schedule that a travel agen  [#permalink]

### Show Tags

08 Jun 2014, 04:34
amz14 wrote:
Is there a quick way to derive that 595/1700 = 35% ?

$$\frac{595}{1700}$$ --> reduce by 5: $$\frac{119}{340}=\frac{7*17}{17*20}=\frac{7}{20}=35%$$.
_________________
Manager
Status: Just redeemed Kudos for GMAT Club Test !!
Joined: 14 Sep 2013
Posts: 93
GMAT 1: 530 Q40 V23
GPA: 3.56
WE: Analyst (Commercial Banking)
Re: The table above shows the cancellation fee schedule that a travel agen  [#permalink]

### Show Tags

11 Jul 2014, 23:44
Quote:
(2) If the trip had been canceled one day later, the cancellation fee would have been $255 more -->$255 is 15% of of a package price, so the trip was canceled either 31 or 16 days prior to 4th of September (15% change is from 35% to 50% and from 50% to 65%). Not sufficient.

would you please clear how 1 day later cancellation increases the fees. As per schedule, the more days prior to cancellation, the less fees is charged.
_________________
______________
KUDOS please, if you like the post or if it helps
"Giving kudos" is a decent way to say "Thanks"

Master with structure - Numerical comparison [source: economist.com] https://gmatclub.com/forum/master-with-structure-numerical-comparison-233657.html#p1801987
Math Expert
Joined: 02 Sep 2009
Posts: 59039
Re: The table above shows the cancellation fee schedule that a travel agen  [#permalink]

### Show Tags

12 Jul 2014, 03:58
musunna wrote:
Quote:
(2) If the trip had been canceled one day later, the cancellation fee would have been $255 more -->$255 is 15% of of a package price, so the trip was canceled either 31 or 16 days prior to 4th of September (15% change is from 35% to 50% and from 50% to 65%). Not sufficient.

would you please clear how 1 day later cancellation increases the fees. As per schedule, the more days prior to cancellation, the less fees is charged.

Closer to departure date more fee on cancellation. So, later cancellation date = more fee.
_________________
Manager
Joined: 26 Dec 2012
Posts: 144
Location: United States
Concentration: Technology, Social Entrepreneurship
WE: Information Technology (Computer Software)
Re: The table above shows the cancellation fee schedule that a travel agen  [#permalink]

### Show Tags

10 Apr 2015, 18:51
Bunuel, pls explain point number 2. How you are coming to 15% and how you are selecting 31st or 16th day.

Thanks,
Math Expert
Joined: 02 Sep 2009
Posts: 59039
Re: The table above shows the cancellation fee schedule that a travel agen  [#permalink]

### Show Tags

11 Apr 2015, 08:09
lipsi18 wrote:
Bunuel, pls explain point number 2. How you are coming to 15% and how you are selecting 31st or 16th day.

Thanks,

$255 is 15% of of a package price. So, 1 day later cancellation increases the fee by 15%. 15% difference is from 31st to 30th day and from 16th to 15th day, so the trip was canceled either 31 or 16 days prior to 4th of September _________________ EMPOWERgmat Instructor Status: GMAT Assassin/Co-Founder Affiliations: EMPOWERgmat Joined: 19 Dec 2014 Posts: 15449 Location: United States (CA) GMAT 1: 800 Q51 V49 GRE 1: Q170 V170 Re: The table above shows the cancellation fee schedule that a travel agen [#permalink] ### Show Tags 11 Apr 2015, 16:20 3 Hi All, It looks like everyone's correctly solved this problem, so I won't rehash any of that work here. Instead, I want to point out a traditional 'shortcut' that tends to be built into these types of Chart/Graph/Table questions in the Quant section.... Whenever these types of questions show up, you should expect to spend a bit more time (than normal) to deal with it, since you have to process the information in the table. However, the designers can't give you a question that is too lengthy or complex because then you'd never have the time to properly answer it and get through the rest of the section. As such, there is almost certain to be a built-in pattern in the data. Your ability to quickly find that pattern will make solving the problem relatively easier. Here, the pattern is in the differences between each consecutive level in the table... From 10% to 35%, the fee difference is 25% From 35% to 50%, the fee difference is 15% From 50% to 65%, the fee difference is 15% From 65% to 100%, the fee difference is 35% Notice how there are TWO points at which the difference is exactly 15%. That is NOT a coincidence. Consider the rest of the work that goes into solving this problem and how much of that work you can actually AVOID once you recognize this pattern. That shortcut was put there by the writer(s) to save you some time. GMAT assassins aren't born, they're made, Rich _________________ Contact Rich at: Rich.C@empowergmat.com The Course Used By GMAT Club Moderators To Earn 750+ souvik101990 Score: 760 Q50 V42 ★★★★★ ENGRTOMBA2018 Score: 750 Q49 V44 ★★★★★ Target Test Prep Representative Status: Head GMAT Instructor Affiliations: Target Test Prep Joined: 04 Mar 2011 Posts: 2812 Re: The table above shows the cancellation fee schedule that a [#permalink] ### Show Tags 18 Nov 2016, 08:10 ezinis wrote:  Cancellation Fees Days Prior to Departure Percent of Package Price 46 or more 10% 45 - 31 35% 30 - 16 50% 15 - 5 65% 4 or fewer 100% The table above shows the cancellation fee schedule that a travel agency uses to determine the fee charged to a tourist who cancels a trip prior to departure. If a tourist canceled a trip with a package price of$1,700 and a departure date of September 4, on what day was the trip canceled?

(1) The cancellation fee was $595 (2) If the trip had been canceled one day later, the cancellation fee would have been$255 more

The table above shows the cancellation fee schedule that a travel agency uses to determine the fee charged to a tourist who cancels a trip prior to departure. If a tourist canceled a trip with a package price of $1,700 and a departure date of September 4, on what day was the trip canceled? (1) The cancellation fee was$595.
(2) If the trip had been canceled one day later, the cancellation fee would have been $255 more. We are given a tourist canceled a trip with a package price of$1,700 and a departure date of September 4, and we need to determine the day on which the trip was canceled.

Statement One Alone:

The cancellation fee was $595. Since we know the total price of the trip as well as the cancellation fee, we can determine the range of days prior to departure in which the trip was canceled. (595/1700) x 100 = 35% Thus, the trip was canceled between 31 and 45 days (inclusive) before September 4. However, we cannot determine the exact date of the cancellation. Statement one alone is not sufficient. We can eliminate answer choices A and D. Statement Two Alone: If the trip had been canceled one day later, the cancellation fee would have been$255 more.

In the provided table, we are given the following:

 Cancellation Fees Days Prior to Departure Percent of Package Price 46 or more 10% 45 - 31 35% 30 - 16 50% 15 - 5 65% 4 or fewer 100%

We note that the customer may be subject to a penalty of 10%, 35%, 50%, 65%, or 100% of the cost of the trip ($1,700), and therefore the customer may pay$170, $595,$850, $1105, or$1700 depending on how many days prior to the trip the cancellation is made.

If the customer cancels the trip one day later, and therefore must pay the cancellation fee of the next interval, then the fee may increase as follows:

595 - 170 = $425 850 - 595 =$255

1105 - 850 = $255 or 1700 - 1105 =$595

Since there are two possibilities that may cause in an increase of $255 (31 days and 16 days prior to the departure), we cannot determine the exact date on which the trip was cancelled. Statement two alone is not sufficient to answer the question. Eliminate answer choice B. Statements One and Two Together: Using statements one and two, we know that the trip was canceled between 31 and 45 days (inclusive) before September 4 and that had the trip been canceled one day later, the fee would have been$255 more. From this information, we can determine that the trip was canceled 31 days before September 4, because had it been canceled 30 days before the trip, the fee would have been $1,700 x 0.5 =$850, which is $255 more than the fee of$595.

Since we know that the trip was canceled 31 days before the trip, we can determine the exact date on which it was canceled.

_________________

# Jeffrey Miller

Jeff@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.

Non-Human User
Joined: 09 Sep 2013
Posts: 13589
Re: The table above shows the cancellation fee schedule that a travel agen  [#permalink]

### Show Tags

06 Oct 2019, 07:36
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________
Re: The table above shows the cancellation fee schedule that a travel agen   [#permalink] 06 Oct 2019, 07:36
Display posts from previous: Sort by