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## Ann can have her bicycle repaired for $50, or she can trade ## Timer 00:00 ## Your Answer A B C D E ## Global Stats Difficult Ann can have her bicycle repaired for$50, or she can trade it in, as is, and receive $22 credit toward the purchase of a new bicycle that sells for$107. If Ann trades in her current bicycle, the cost to her of purchasing the new bicycle is what percent greater than the cost of having her current bicycle repaired?

A. 44%
B. 60%
C. 70%
D. 114%
E. 170%

OA C

Source: Gmat Prep

### GMAT/MBA Expert

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BTGmoderatorDC wrote:
Ann can have her bicycle repaired for $50, or she can trade it in, as is, and receive$22 credit toward the purchase of a new bicycle that sells for $107. If Ann trades in her current bicycle, the cost to her of purchasing the new bicycle is what percent greater than the cost of having her current bicycle repaired? A. 44% B. 60% C. 70% D. 114% E. 170% The cost of the new bicycle is 85 dollars after she trades in her current bicycle. So we need to determine 85 is what percent greater than 50: (85 - 50)/50 * 100 = 35/50 * 100 = 70 percent Answer: C _________________ Scott Woodbury-Stewart Founder and CEO scott@targettestprep.com See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews ### GMAT/MBA Expert GMAT Instructor Joined 22 Aug 2016 Posted: 1898 messages Followed by: 30 members Upvotes: 470 Top Reply BTGmoderatorDC wrote: Ann can have her bicycle repaired for$50, or she can trade it in, as is, and receive $22 credit toward the purchase of a new bicycle that sells for$107. If Ann trades in her current bicycle, the cost to her of purchasing the new bicycle is what percent greater than the cost of having her current bicycle repaired?

A. 44%
B. 60%
C. 70%
D. 114%
E. 170%

OA C

Source: Gmat Prep
Cost of repair = $50; Cost of new bicycle - Credit for old bicycle = 107 - 22 =$85

Excess amount paid to get bicycle = 85 - 50 = 35

The cost to her of purchasing the new bicycle is (35/50)*100% = 70% greater than the cost of having her current bicycle repaired.

Hope this helps!

-Jay
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