Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2512:30 AM EDT
-01:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
07 Feb 2018, 05:39
Kudos
Bookmarks
D
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% (01:28) correct
12%
(01:22)
wrong
based on 69
sessions
History
Date
Time
Result
Not Attempted Yet
A traveler has booked a vacation plan with agent X for a total cost of $1,200 and has already paid agent X a nonrefundable deposit equal to 10% of the cost of the vacation plan. She learns that she can purchase the same vacation plan from agent Y for 20% less. If these are the only costs involved, what will be the net result of breaking the contract with agent X, thereby forfeiting the deposit, and then purchasing the plan through agent Y ?
(A) An increase in the cost of the vacation of $240
(B) An increase in the cost of the vacation of $120
(C) No change in the cost of the vacation
(D) A decrease in the cost of the vacation of $120
(E) A decrease in the cost of the vacation of $240
(A) An increase in the cost of the vacation of $240
(B) An increase in the cost of the vacation of $120
(C) No change in the cost of the vacation
(D) A decrease in the cost of the vacation of $120
(E) A decrease in the cost of the vacation of $240
07 Feb 2018, 06:13
Kudos
Bookmarks
Bunuel
We'll first break this extremely wordy problem into bits so we understand what we need to do.
This is a Precise approach.
total cost with X = $1200
already paid = 10% * 1200 = $120
total cost with Y = 80% * 1200 = $960
cost to break contract = already paid + cost with Y = 120 + 960 = $1080
Therefore (D) is our answer.
The Logical approach to this would be to say that instead of paying 100% we are paying 10% + 80% = 90%.
Meaning a decrease of 10%, or $120.
But since the question is so long, it is often more helpful to break it down into bits then to look for an underlying logic.
09 Feb 2018, 10:56
Kudos
Bookmarks
Bunuel
The traveler would lose 0.1 x 1200 = 120 dollars from the vacation plan offered by agent X.
The traveler could then buy the vacation plan from agent Y for 1200 x 0.8 = 960 dollars.
Thus, the total cost of the vacation is now 960 + 120 = 1,080.
We see that there is a net decrease in the cost of the vacation of 1200 - 1080 = 120 dollars.
Answer: D
