• Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors
  • PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer
  • EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep
  • Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep

GMATprep trial exam question 1

This topic has 1 expert reply and 0 member replies

GMAT/MBA Expert

Post Mon Oct 30, 2017 8:21 am
Quote:
Alice's take-home pay last year was the same each month, and she saved the same fraction of her take-home pay each month. The total amount of money that she saved at the end of the year was 3 times the amount of her take-home pay that she didn't save. If all money she saved lasr year was from her take-home pay, what fraction of her pay did she save each month?

a)1/2
b)1/3
c)1/4
d)1/5
e)1/6
Let M = Alice's monthly take home pay
Let f = the fraction we'll use to calculate monthly savings
The means that fM = the amount of $ Alice saves each month.
And this means that her annual savings = 12fM

Important: If f = the fraction used to calculate monthly savings, then 1-f = the fraction used to calculate amount not saved
The means that (1-f)M = the amount of $ Alice does not save each month.

Now we're ready to write an equation.

The total amount of money that she had saved at the end of the year was 3 times the amount of that portion of her monthly take home pay that she did not save.
We get: 12fM = 3(1-f)M
Now solve for f
Expand to get: 12fM = 3M - 3fM
Simplify: 15fM = 3M
Divide both sides by 15M to get: f = 3M/15M = 1/5 = D

Cheers,
Brent

_________________
Brent Hanneson – Founder of GMATPrepNow.com
Use our video course along with Beat The GMAT's free 60-Day Study Guide

Check out the online reviews of our course
Come see all of our free resources

  • +1 Upvote Post
  • Quote
  • Flag
GMAT Prep Now's comprehensive video course can be used in conjunction with Beat The GMAT’s FREE 60-Day Study Guide and reach your target score in 2 months!

GMAT/MBA Expert

Matt@VeritasPrep GMAT Instructor
Joined
12 Sep 2012
Posted:
2640 messages
Followed by:
113 members
Upvotes:
625
Target GMAT Score:
V51
GMAT Score:
780
Post Thu Nov 09, 2017 6:03 pm
This one has always bugged me, as "the amount of her take-home pay that she didn't save" seems too vague. (Are we talking monthly or yearly?) OfficialGMAT, any comment on this? Feels like it should be revised.

  • +1 Upvote Post
  • Quote
  • Flag
Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!

Best Conversation Starters

1 Roland2rule 174 topics
2 lheiannie07 110 topics
3 ardz24 64 topics
4 LUANDATO 56 topics
5 swerve 46 topics
See More Top Beat The GMAT Members...

Most Active Experts

1 image description Brent@GMATPrepNow

GMAT Prep Now Teacher

150 posts
2 image description Jeff@TargetTestPrep

Target Test Prep

145 posts
3 image description Rich.C@EMPOWERgma...

EMPOWERgmat

116 posts
4 image description GMATGuruNY

The Princeton Review Teacher

103 posts
5 image description Scott@TargetTestPrep

Target Test Prep

98 posts
See More Top Beat The GMAT Experts