earning

Expert replies

dreamv: Senior | Next Rank: 100 Posts; Posts: 85; Joined: Thu Jan 12, 2012 7:18 pm; Thanked: 1 times

by dreamv » Tue Feb 21, 2012 2:40 pm

In May Mrs. Lee's earnings were 60 percent of the Lee family's total income. In June, Mrs.Lee earned 20 percent more than in May. If the rest of the family's income was the same both months, then in June, Mrs.Lee's earnings were approximately what percent of the Lee family's total income?

A. 64%
B. 68%
C. 72%
D. 76%
E. 80%

Like this post

Source: Beat The GMAT — Problem Solving | Tue Feb 21, 2012 2:40 pm

pemdas: Legendary Member; Posts: 1084; Joined: Fri Apr 15, 2011 2:33 pmFollowed by: 21 members; Thanked: 158 times

by pemdas » Tue Feb 21, 2012 3:04 pm

this one is very old and many times answered on BTG, plz search for solution on the domain.

Success doesn't come overnight!

Like this post

LalaB: Master | Next Rank: 500 Posts; Posts: 425; Joined: Wed Dec 08, 2010 9:00 amFollowed by: 7 members; Thanked: 56 times; GMAT Score:690

by LalaB » Wed Feb 22, 2012 12:36 am

let total=100, then Lee=0.6*100=60, and the rest=40

60*1.2=72

72/(72+40)=72/112=0.64

answ is A

Happy are those who dream dreams and are ready to pay the price to make them come true.(c)

In order to succeed, your desire for success should be greater than your fear of failure.(c)

Like this post

GMAT/MBA Expert

Anurag@Gurome: GMAT Instructor; Posts: 3835; Joined: Fri Apr 02, 2010 10:00 pmFollowed by: 523 members; Location: Milpitas, CA; Thanked: 1854 times; GMAT Score:770

by Anurag@Gurome » Wed Feb 22, 2012 5:14 am

dreamv wrote:In May Mrs. Lee's earnings were 60 percent of the Lee family's total income. In June, Mrs.Lee earned 20 percent more than in May. If the rest of the family's income was the same both months, then in June, Mrs.Lee's earnings were approximately what percent of the Lee family's total income?

A. 64%
B. 68%
C. 72%
D. 76%
E. 80%

I have posted a solution on https://www.beatthegmat.com/lee-s-total- ... 72870.html

Anurag Mairal, Ph.D., MBA
GMAT Expert, Admissions and Career Guidance
Gurome, Inc.
1-800-566-4043 (USA)

Join Our Facebook Groups
GMAT with Gurome
https://www.facebook.com/groups/272466352793633/
Admissions with Gurome
https://www.facebook.com/groups/461459690536574/
Career Advising with Gurome
https://www.facebook.com/groups/360435787349781/

Like this post

Post new topic Post Reply

• Page 1 of 1

GMAT Course Reviews

560 reviews

1168 reviews

431 reviews

359 reviews

147 reviews

5/5

5 Star (560 Reviews)

"Target Test Prep is the closest to the official version of the GMAT exam, about 99% accuracy in terms of the quality and quantity of information. The course has excellently created singular sets of focused lessons and tests for every possible topic that one could come across in the official GMAT exam."

"The TTP course maximizes the efficiency of the time you spend studying. It will take time and effort but I could almost guarantee that if you complete the course exactly as it is laid out you will get an amazing score. They also have a very responsive team willing to help with any questions you might have."

"TTP has two things that I think no other test prep company offers: A teaching approach that reinforces understanding and an attitude that will give you the mental preparedness needed to succeed on the test. TTP gives you a deep understanding of the concept you need to know while teaching you how to think."

Write a Review