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Pansi
Joined: 04 Jul 2011
Last visit: 01 Dec 2019
Posts: 42
Given Kudos: 87
Status:Fighting hard
Schools: Kellogg '15 ISB '14 (S)
GMAT Date: 10-01-2012
08 Nov 2012, 16:21
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A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
71% (01:55) correct
29%
(02:01)
wrong
based on 641
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The consumer price index in Zeropia in 2009 relative to the year 2000 was 1.75, meaning that for every Zeropian dollar spent on consumer goods in 2000, $1.75 on average had to be spent in 2009. In Zeropian dollars, what was the increase in the price of Brand Z running shoes from 2000 to 2009, if these shoes’ price increased precisely according to the consumer price index?
(1) The price of Brand Z running shoes was $91 in 2009.
(2) The ratio of the dollar increase in the price of Brand Z running shoes to the price of the shoes in 2009 was 3:7.
(1) The price of Brand Z running shoes was $91 in 2009.
(2) The ratio of the dollar increase in the price of Brand Z running shoes to the price of the shoes in 2009 was 3:7.
09 Nov 2012, 03:26
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The consumer price index in Zeropia in 2009 relative to the year 2000 was 1.75, meaning that for every Zeropian dollar spent on consumer goods in 2000, $1.75 on average had to be spent in 2009. In Zeropian dollars, what was the increase in the price of Brand Z running shoes from 2000 to 2009, if these shoes’ price increased precisely according to the consumer price index?
Given that \(price_{2009}=price_{2000}*1.75\).
We need to find the value of \(price_{2009}-price_{2000}=0.75*price_{2000}\).
(1) The price of Brand Z running shoes was $91 in 2009 --> \(price_{2009}=$91\). We can find \(price_{2000}\), thus can answer the question. Sufficient.
(2) The ratio of the dollar increase in the price of Brand Z running shoes to the price of the shoes in 2009 was 3:7. This is the same information as given in the stem: (increase)/(price in 2009)=0.75/1.75=3/7. Not sufficient.
Answer: A.
Hope it's clear.
Given that \(price_{2009}=price_{2000}*1.75\).
We need to find the value of \(price_{2009}-price_{2000}=0.75*price_{2000}\).
(1) The price of Brand Z running shoes was $91 in 2009 --> \(price_{2009}=$91\). We can find \(price_{2000}\), thus can answer the question. Sufficient.
(2) The ratio of the dollar increase in the price of Brand Z running shoes to the price of the shoes in 2009 was 3:7. This is the same information as given in the stem: (increase)/(price in 2009)=0.75/1.75=3/7. Not sufficient.
Answer: A.
Hope it's clear.
General Discussion
08 Nov 2012, 16:49
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1) we have $ 91 in 2009 and x in 2000. the increase is 1.75 this mean that we have an increase of 75%
Using % increase formula \(x\) \(*\) \((1 +\) \(\frac{75}{100}\)\()\) \(=\) \(91\)
in the end we have \(1.75 * x = 91\) ----> \(52\)--------> \(91 - 52 = 39\) is what we are looking for
2)\(\frac{x % z}{something in 2009}\)\(=\) \(\frac{3}{7}\)say nothing about real values
A is the answer
Using % increase formula \(x\) \(*\) \((1 +\) \(\frac{75}{100}\)\()\) \(=\) \(91\)
in the end we have \(1.75 * x = 91\) ----> \(52\)--------> \(91 - 52 = 39\) is what we are looking for
2)\(\frac{x % z}{something in 2009}\)\(=\) \(\frac{3}{7}\)say nothing about real values
A is the answer
