If 0.497 mark has the value of one dollar, what is the value

Question

If 0.497 mark has the value of one dollar, what is the value to the nearest dollar of 350 marks?

A. $174
B. $176
C. $524
D. $696
E. $704

AlyoshaKaramazov · Accepted Answer

.497 is approx .5

Since we rounded up, that is, we said that slightly more marks equals a dollar, we will have to factor this back in.

1/2 mark = 1 dollar

350(1/2) = 700 dollar

+ what we rounded up, thus 704

GyanOne · Answer

0.497 marks = 1 dollar
=> 1 mark = 1/0.497 dollars
=> 350 marks = 350/0.497 = 704 dollars

Option (E)

giri903 · Answer

am so sorry...i dont know why it didnot click for the first time...

the answer is E

0.497==>1
350==>?(say x)

then x = 350/0.497 appx = 704

Rockstar21 · Answer

I know this is a noob question but still I don't get this concept..
Since we rounded up 0.497 to 0.500 should we reduce the final value ? 
we got 700 so shouldn't the answer be chosen in the 600 range ?

Thanks,

Bunuel · Answer

Consider this: 0.497 marks = $1; 0.5 marks = more than $1; 0.5*700=350 marks = more than $1*700=$700. Answer: E. Similar question to practice: m14-78632.html Hope it helps.

Henry S. Hudson Jr. · Answer

To get from marks to dollars you need to multiply by slightly more than 2.

350(slightly more than 2) = slightly more than 700.
So choice E is correct.

PriyankaPalit7 · Answer

(E) 
0.497 mark = 1$.
1 mark =  \frac{1}{0.497}  $.

Let's round off 0.497 to 0.5.
1 mark =  \frac{1}{0.5}  $.
350 mark = \frac{350}{0.5}  $ = 700 $

Now we are left with option D and E.
0.5 > 0.497
We know that dividing by a bigger number gives a smaller result. Since we divided by bigger of the two numbers ( 0.5 and 0.497 ), we got a smaller result.
Dividing with 0.497 ( the smaller number), as in the original equation would have given us a result bigger than 700.
The only option bigger than 700 is  E -> 704

4d · Answer

we need not divide the complicated numbers

Using approximation

0.5 \, marks = 1 
 350 \, marks =\frac{350}{0.5} = 700

As the denominator is slightly less than 0.5 .
the quotient will be slightly more than 700 .

IMO E

BrentGMATPrepNow · Answer

Since we are comparing marks with dollars, can solve the question using  equivalent ratios

We'll use the ratio  marks / dollars

Let  x  = the number of dollars equivalent to 350 marks

We can write:  0.497 / 1  =  350 / x 
Cross multiply to get: 0.497x = 350
Solve:x = 350/0.497

Important: Do NOT use long division to evaluate 350/0.497 (the test-makers do not care about your ability to be a human calculator)

Notice that 350/0.5 = 700
Since 0.497 is a little bit less than 0.5, we can conclude that 350/0.497 is a little bit bigger than 700

Answer: E

RELATED VIDEO
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Abhishek009 · Answer

0.497 ~ 0.50

So, 350 marks is 350*2 = 700, Answer must hence be (E)

Kinshook · Answer

Asked: If 0.497 mark has the value of one dollar, what is the value to the nearest dollar of 350 marks?

0.497 mark has the value = $1
1 mark has the value = 1/.497 > 2
350 marks has the value > 2*350 = 700

IMO E

Mosaib · Answer

Notice 0.497 ≈ 0.5
So first estimate:
350÷0.5=700
But 0.497 is slightly smaller than 0.5, and dividing by a smaller number gives a slightly bigger result than 700.
Check options just above 700 → 704.

Quick verification
0.497×704≈349.9≈350

✅ Answer: E. $704

If 0.497 mark has the value of one dollar, what is the value

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GMAT Problem Solving (PS) Questions

If 0.497 mark has the value of one dollar, what is the value

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