Last visit was: 18 May 2026, 19:54 It is currently 18 May 2026, 19:54
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
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 18 May 2026
Posts: 110,678
Own Kudos:
815,609
 [7]
Given Kudos: 106,295
Products:
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 110,678
Kudos: 815,609
 [7]
1
Kudos
Add Kudos
6
Bookmarks
Bookmark this Post
User avatar
KSBGC
Joined: 31 Oct 2013
Last visit: 10 Mar 2022
Posts: 1,239
Own Kudos:
1,515
 [3]
Given Kudos: 635
Concentration: Accounting, Finance
GPA: 3.68
WE:Analyst (Accounting)
Posts: 1,239
Kudos: 1,515
 [3]
2
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
User avatar
Archit3110
User avatar
Major Poster
Joined: 18 Aug 2017
Last visit: 18 May 2026
Posts: 8,650
Own Kudos:
5,198
 [1]
Given Kudos: 243
Status:You learn more from failure than from success.
Location: India
Concentration: Sustainability, Marketing
GMAT Focus 1: 545 Q79 V79 DI73
GMAT Focus 2: 645 Q83 V82 DI81
GPA: 4
WE:Marketing (Energy)
Products:
GMAT Focus 2: 645 Q83 V82 DI81
Posts: 8,650
Kudos: 5,198
 [1]
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
ScottTargetTestPrep
User avatar
Target Test Prep Representative
Joined: 14 Oct 2015
Last visit: 18 May 2026
Posts: 22,346
Own Kudos:
Given Kudos: 302
Status:Founder & CEO
Affiliations: Target Test Prep
Location: United States (CA)
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 22,346
Kudos: 26,595
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
Upon winning the lottery, John spent 1/3 of his winnings on a home and 1/4 of the remaining amount on a car. After these purchases, he had $200,000 left. How much money did John win in the lottery?


A 400,000

B 480,000

C 600,000

D 800,000

E 2,400,000

We can let n = the amount of money he won and create the equation:

n/3 + (1/4)(n - n/3) + 200,000 = n

n/3 - (1/4)(2n/3) + 200,000 = n

Multiplying the entire by 12, we have:

4n + 2n + 2,400,000 = 12n

2,400,000 = 6n

400,000 = n

Alternate Solution:

After spending 1/3 of the money, he is left with 2/3 of the prize and after spending 1/4 of this amount, he is left with 2/3 x 3/4 = 2/4 = 1/2; i.e. half of the prize money. If the remaining amount of 200,000 is half of what he had to begin with, then he won 200,000 x 2 = $400,000.

Answer: A
User avatar
hemantbafna
Joined: 30 Jan 2020
Last visit: 02 Mar 2021
Posts: 160
Own Kudos:
Given Kudos: 527
Location: India
WE:Accounting (Accounting)
Posts: 160
Kudos: 90
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
Upon winning the lottery, John spent 1/3 of his winnings on a home and 1/4 of the remaining amount on a car. After these purchases, he had $200,000 left. How much money did John win in the lottery?


A 400,000

B 480,000

C 600,000

D 800,000

E 2,400,000


Let the amount he won be x

Home=1/3*x
Car=1-x/3*1/4=2x/12=x/6


x-x/3-x/6=200000
3x/6=200000
x=400000
A
User avatar
MathRevolution
User avatar
Math Revolution GMAT Instructor
Joined: 16 Aug 2015
Last visit: 27 Sep 2022
Posts: 10,063
Own Kudos:
Given Kudos: 4
GMAT 1: 760 Q51 V42
GPA: 3.82
Expert
Expert reply
GMAT 1: 760 Q51 V42
Posts: 10,063
Kudos: 20,095
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Let the lottery amount won by John was 120 ( Assume an initial value for simple calculation. Usually, it is better to assume 100, but in the question, as we have \(\frac{1}{3}\) and \(\frac{1}{4}\), take LCM of 3 and 4 that is 12 and assume the lottery amount to be 120)

John spent \(\frac{1}{3}\) of his winnings on a home : \(\frac{1}{3}\) *120 = 40 (spent) ----> Remaining 120-40 = 80.
John spent \(\frac{1}{4}\) of the remaining amount on a car: \(\frac{1}{4}\) * 80 = 20 (Spent) -----> Remaining = 60.

Initial amount --------> Remaining amount
120 --------> 60
? --------> $200,000 (Given in the question)

? = 120 * 200,000 / 60 = $400,000

Answer A


Short Approach:

John total spending : \(\frac{1}{3}\) +\(\frac{2}{12}\)=\(\frac{6}{12}\) = \(\frac{1}{2}\). [ After \(\frac{1}{3}\) spending John is left with \(\frac{2}{3}\) of amount out of which he spends \(\frac{1}{4}\) that is \(\frac{2}{3}\)*\(\frac{1}{4}\) = \(\frac{2}{12}\)

He is left with \(\frac{1}{2}\) which is $200,000.

Therefore, \(\frac{1}{2}\) * Total lottery amount = $200,000

Total lottery amount = $400,000

Answer A
avatar
Palak74
Joined: 17 Sep 2019
Last visit: 19 Dec 2021
Posts: 44
Own Kudos:
Given Kudos: 107
Location: India
GMAT 1: 660 Q42 V39
WE:Brand Management (Retail: E-commerce)
GMAT 1: 660 Q42 V39
Posts: 44
Kudos: 55
Kudos
Add Kudos
Bookmarks
Bookmark this Post
3/4th of the 2/3 remaining is 200000
i.e 1/2 is 200000

Therefore, full amount will be 400000
Option A
User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 39,097
Own Kudos:
Posts: 39,097
Kudos: 1,125
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Automated notice from GMAT Club BumpBot:

A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.

This post was generated automatically.
Moderators:
Math Expert
110678 posts
Tuck School Moderator
852 posts