Last visit was: 27 Sep 2026, 13:22 It is currently 27 Sep 2026, 13:22
Home
Messages
Tests
Schools
Events
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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Back to Forum
Create Topic
User avatar
Sajjad1994
User avatar
GRE Forum Moderator
Joined: 02 Nov 2016
Last visit: 24 Sep 2026
Posts: 16,433
Own Kudos:
53,882
 [8]
Given Kudos: 6,476
GPA: 3.62
Products:
Forum Quiz
Posts: 16,433
Kudos: 53,882
 [8]
Two families buy new refrigerators using installment plans. Family A m 12 Jan 2020, 07:43
Kudos
Add Kudos
8
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide Answer
Hide
Show
History
Family A: 250 Family B: 160
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

15% (low)

Question Stats:

88% (02:15) correct 13% (02:34) wrong based on 496 sessions

History

Date
Time
Result
Not Attempted Yet
Two families buy new refrigerators using installment plans. Family A makes an initial payment of $750. Family B makes an initial payment of $1200. Both families make five additional payments to pay off the balance. Both families pay the same amount for their refrigerators including all taxes, fees, and finance charges.

In the table below, identify a monthly payment, in dollars, for Family A and a monthly payment, in dollars, for Family B that are consistent with the installment plan described above. Make only one selection in each column.
Family A Family B
50
80
120
160
250
300
Submit Answer
Start the Timer above, select the radio buttons, and click "Submit" to add this question to your Error log.
ShowHide Answer
Official Answer
Family A: 250 Family B: 160
User avatar
Apt0810
User avatar
Joined: 15 Jul 2018
Last visit: 24 Oct 2020
Posts: 315
Own Kudos:
694
 [2]
Given Kudos: 94
Posts: 315
Kudos: 694
 [2]
Two families buy new refrigerators using installment plans. Family A m 12 Jan 2020, 07:48
2
Kudos
Add Kudos
Bookmarks
Bookmark this Post
A's monthly installment -A
B's monthly installment -B
5A-5B= 1200-750
A-B=90
So per the options A can be 250
B can be 160

Posted from my mobile device
User avatar
thinkvision
User avatar
Joined: 26 Jul 2018
Last visit: 23 Sep 2024
Posts: 123
Own Kudos:
48
Given Kudos: 244
Status:Risk or die!
Location: India
Schools: INSEAD Jan'25 intake HEC IMD CBS Kellogg
GMAT 1: 690 Q50 V32
WE:Consulting (Finance: Investment Banking)
Schools: INSEAD Jan'25 intake HEC IMD CBS Kellogg
GMAT 1: 690 Q50 V32
Posts: 123
Kudos: 48
Two families buy new refrigerators using installment plans. Family A m 12 Jan 2020, 12:53
Kudos
Add Kudos
Bookmarks
Bookmark this Post
750 + 5A = 1200 + 5B
5A - 5B = 450
A - B = 90

Only possible option is A=250 and B = 160
User avatar
kntombat
User avatar
Retired Moderator
Joined: 28 Feb 2020
Last visit: 19 Jan 2023
Posts: 840
Own Kudos:
538
 [2]
Given Kudos: 839
Location: India
WE:Other (Other)
Posts: 840
Kudos: 538
 [2]
Two families buy new refrigerators using installment plans. Family A m 28 Oct 2020, 10:16
2
Kudos
Add Kudos
Bookmarks
Bookmark this Post
750+5x=1200+5y;
5x-5y=450;
x-y=\(\frac{450}{5}\);
x-y=90;
Therefore, the differences between the two values has to be 90.

On going through the options, the only possible values are 250 and 160.
So family A made 5 payments of 250$ each and family B made 5 payments of 160$ each.
Moderators:
Bunuel
Math Expert
113953 posts
FrozenDragon
DI Forum Moderator
409 posts