NEW HERE? LEARN MORE
closeclose
Last visit was: 26 Apr 2024, 18:05 It is currently 26 Apr 2024, 18:05
Decision Tracker
My Rewards
New posts
New comers' posts

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

Zigfield bought his car using M% of his bank savings. He also bought a

SORT BY:
Date
Kudos
Tags:
Find Similar Topics 
Show Tags
Hide Tags
User avatar
L
Bunuel
Math Expert
Joined: 02 Sep 2009
Posts: 92948
Own Kudos [?]: 619246 [1]
Given Kudos: 81609
Send PM
CAT Tests Forum Quiz Mode
Zigfield bought his car using M% of his bank savings. He also bought a [#permalink] New post   14 Jul 2016, 01:56
1
Kudos
Expert Reply
00:00
A
B
C
D
E

Difficulty:

25% (medium)

Question Stats:

69% (01:07) correct 31% (01:22) wrong based on 85 sessions
Hide Show timer Statistics
Zigfield bought his car using M% of his bank savings. He also bought a house that costs 4 times the price of the car. What is the price of the house?

(1) M = 12.
(2) The price of the car and the house was $140,000.
ShowHide Answer
Official Answer
B
User avatar
B
Nick90
Manager
Manager
Joined: 24 Apr 2014
Posts: 79
Own Kudos [?]: 195 [0]
Given Kudos: 21
Location: India
Concentration: Strategy, Operations
Schools: Schulich Sept '21 (I) ISB '20 (S)
GMAT 1: 730 Q50 V38
GPA: 4
WE:Information Technology (Computer Software)
Send PM
Reviews Badge
Re: Zigfield bought his car using M% of his bank savings. He also bought a [#permalink] New post   14 Jul 2016, 02:36
Bunuel wrote:
Zigfield bought his car using M% of his bank savings. He also bought a house that costs 4 times the price of the car. What is the price of the house?

(1) M = 12.
(2) The price of the car and the house was $140,000.



IMO: B

from 1 we can't calculate the price of either car or house .

from 2 , we know price of house is 4 times that of car.Thus, we can find the price of individual product.
avatar
B
kuksbug
Intern
Intern
Joined: 25 Jan 2014
Posts: 26
Own Kudos [?]: 30 [0]
Given Kudos: 58
Location: India
Concentration: Marketing, Operations
Schools: INSEAD Jan'18 Alberta"19
GMAT 1: 590 Q45 V26
GPA: 3.5
WE:Design (Manufacturing)
Send PM
GMAT ToolKit User
Zigfield bought his car using M% of his bank savings. He also bought a [#permalink] New post   14 Jul 2016, 02:49
Given: Price of car, c = (M/100)*bank savings

Price of house, h= 4c

(1) M=12,Bank savings not given . Hence insufficient.

(2) c+ h= 140000
c+ 4c = 140000, which gives the value of c and hence, price of house could be found. Sufficient.

Answer - B
User avatar
Divyadisha
Current Student
Joined: 18 Oct 2014
Posts: 680
Own Kudos [?]: 1763 [0]
Given Kudos: 69
Location: United States
GMAT 1: 660 Q49 V31
GPA: 3.98
Send PM
GMAT ToolKit User
Re: Zigfield bought his car using M% of his bank savings. He also bought a [#permalink] New post   14 Jul 2016, 06:41
Bunuel wrote:
Zigfield bought his car using M% of his bank savings. He also bought a house that costs 4 times the price of the car. What is the price of the house?

(1) M = 12.
(2) The price of the car and the house was $140,000.


(1) M = 12.
12% of bank savings. But we don't know how much was bank savings. Not sufficient.

(2) The price of the car and the house was $140,000.
x+4x= 140,000

We can find the value of x and then the price of home.

B is the answer
GMAT Club Bot
gmatclubot
Re: Zigfield bought his car using M% of his bank savings. He also bought a [#permalink]
14 Jul 2016, 06:41
Moderator:
Bunuel
Math Expert
92948 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions