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

It is currently 14 Dec 2018, 02:05

Close

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
Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in December
PrevNext
SuMoTuWeThFrSa
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345
Open Detailed Calendar

Three people each contributed x dollars toward the purchase of a car.

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Director
Director
User avatar
B
Status: I don't stop when I'm Tired,I stop when I'm done
Joined: 11 May 2014
Posts: 537
Location: Bangladesh
Concentration: Finance, Leadership
GPA: 2.81
WE: Business Development (Real Estate)
Three people each contributed x dollars toward the purchase of a car.  [#permalink]

Show Tags

New post 23 Jun 2016, 11:54
4
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

78% (00:53) correct 22% (01:02) wrong based on 363 sessions

HideShow timer Statistics

Three people each contributed x dollars toward the purchase of a car. They then bought the car for y dollars, an amount less than the total number of dollars contributed. If the excess amount is to be refunded to the three people in equal amounts, each person should receive a refund of how many dollars?

A. \(\frac{3x-y}{3}\)
B.\(\frac{x-y}{3}\)
C.\(\frac{x-3y}{3}\)
D.\(\frac{y-3x}{3}\)
E. 3(x-y)

OG Q 2017(Book Question: 38)

_________________

Md. Abdur Rakib

Please Press +1 Kudos,If it helps
Sentence Correction-Collection of Ron Purewal's "elliptical construction/analogies" for SC Challenges

Senior Manager
Senior Manager
avatar
Joined: 23 Apr 2015
Posts: 305
Location: United States
Concentration: General Management, International Business
WE: Engineering (Consulting)
Re: Three people each contributed x dollars toward the purchase of a car.  [#permalink]

Show Tags

New post 23 Jun 2016, 13:25
Answer is A:

Total contribution is 3x
Total spent is y
Balance is 3x - y (Given)
To split the Balance equally among three is (3x - y) / 3
Director
Director
User avatar
D
Joined: 04 Dec 2015
Posts: 729
Location: India
Concentration: Technology, Strategy
Schools: ISB '19, IIMA , IIMB, XLRI
WE: Information Technology (Consulting)
GMAT ToolKit User
Three people each contributed x dollars toward the purchase of a car.  [#permalink]

Show Tags

New post 24 Jun 2016, 03:12
Three people each contributed x dollars toward the purchase of a car. They then bought the car for y dollars, an amount less than the total number of dollars contributed. If the excess amount is to be refunded to the three people in equal amounts, each person should receive a refund of how many dollars?


Total money contributed to purchase car = x+x+x = 3x
Total money spent to purchase car = y
Therefore Total Balance = 3x - y

Balance to be refunded equally = \(\frac{(3x- y)}{3}\) ........... Answer A.....

Please, consider giving kudos if you find my answer helpful in any way :) :good :thumbup:
Current Student
User avatar
Joined: 18 Oct 2014
Posts: 846
Location: United States
GMAT 1: 660 Q49 V31
GPA: 3.98
GMAT ToolKit User
Re: Three people each contributed x dollars toward the purchase of a car.  [#permalink]

Show Tags

New post 24 Jun 2016, 11:43
AbdurRakib wrote:
Three people each contributed x dollars toward the purchase of a car. They then bought the car for y dollars, an amount less than the total number of dollars contributed. If the excess amount is to be refunded to the three people in equal amounts, each person should receive a refund of how many dollars?

A. \(\frac{3x-y}{3}\)
B.\(\frac{x-y}{3}\)
C.\(\frac{x-3y}{3}\)
D.\(\frac{y-3x}{3}\)
E. 3(x-y)

OG Q 2017(Book Question: 38)


Total money contributed= 3x
money spent on purchasing car= y

money lest to be distributed among 3 people= 3x-y

money equally distributed= 3x-y/3

A is the answer
_________________

I welcome critical analysis of my post!! That will help me reach 700+

Board of Directors
User avatar
P
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4276
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User Premium Member CAT Tests
Re: Three people each contributed x dollars toward the purchase of a car.  [#permalink]

Show Tags

New post 24 Jun 2016, 22:33
AbdurRakib wrote:
Three people each contributed x dollars toward the purchase of a car. They then bought the car for y dollars, an amount less than the total number of dollars contributed. If the excess amount is to be refunded to the three people in equal amounts, each person should receive a refund of how many dollars?

A. \(\frac{3x-y}{3}\)
B.\(\frac{x-y}{3}\)
C.\(\frac{x-3y}{3}\)
D.\(\frac{y-3x}{3}\)
E. 3(x-y)

OG Q 2017(Book Question: 38)


Quote:
Three people each contributed x dollars toward the purchase of a car.


Total contribution is 3x

Quote:
They then bought the car for y dollars, an amount less than the total number of dollars contributed.


Cost of car is C (say) = 3x - y

Quote:
If the excess amount is to be refunded to the three people in equal amounts, each person should receive


Refund amount per person is \(\frac{(3x - y )}{3}\)

So, Answer will be (A)

_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 9159
Premium Member
Re: Three people each contributed x dollars toward the purchase of a car.  [#permalink]

Show Tags

New post 23 Aug 2018, 17:20
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.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

GMAT Club Bot
Re: Three people each contributed x dollars toward the purchase of a car. &nbs [#permalink] 23 Aug 2018, 17:20
Display posts from previous: Sort by

Three people each contributed x dollars toward the purchase of a car.

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.