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## Dick and Jane each saved $3000 in 1989. In 1990 Dick save 8 ## Timer 00:00 ## Your Answer A B C D E ## Global Stats Difficult GMAT Prep Dick and Jane saved$3,000 in 1989. In 1990 Dick save 8 percent more than in 1989, and together he and Jane saved a total of $5,000. Approximately what percent less did Jane save in 1990 than in 1989? A. 8% B. 25% C. 41% D. 59% E. 70% OA C ### GMAT/MBA Expert GMAT Instructor Joined 08 Dec 2008 Posted: 12836 messages Followed by: 1247 members Upvotes: 5254 GMAT Score: 770 Here's the original wording: Quote: Dick and Jane each saved$3,000 in 1989. In 1990, Dick saved 8 percent more than in 1989, and together he and Jane saved a total of $5,000. Approximately what percent less did Jane save in 1990 than in 1989? A. 8% B. 25% C. 41% D. 59% E. 70% In 1990, Dick saved 8 percent more than in 1989 So, Dick's savings in 1990 = 1.08($3000)
= $3240 In 1990, Dick and Jane saved a total of$5,000.
So, Jane's savings = $5,000 -$3240
= $1760 Approximately what percent less did Jane save in 1990 than in 1989? In 1989, Jane saved$3000
$3000 -$1760 = $1240 ASIDE: We COULD convert$1240/$3000 to a percent, but that's no fun! A faster approach is to use the answer choices to our advantage (ALWAYS check the answer choices before performing any calculations) Notice that$1500/$3000 = 1/2 = 50% So,$1240/$3000 must be a little less than 50% Check the answer choices . . . . only C works Answer: C Cheers, Brent _________________ Brent Hanneson â€“ Creator of GMATPrepNow.com Use our video course along with Sign up for our free Question of the Day emails And check out all of our free resources GMAT Prep Now's comprehensive video course can be used in conjunction with Beat The GMATâ€™s FREE 60-Day Study Guide and reach your target score in 2 months! ### GMAT/MBA Expert Elite Legendary Member Joined 23 Jun 2013 Posted: 10133 messages Followed by: 494 members Upvotes: 2867 GMAT Score: 800 Hi All, We're told that Dick and Jane EACH saved$3,000 in 1989. In 1990, Dick saved 8 percent MORE than he did in 1989, and TOGETHER he and Jane saved a total of $5,000. We're asked APPROXIMATELY what percent less did Jane save in 1990 than in 1989. This question essentially comes down to the Percent Change Formula and a bit of Arithmetic. The answer choices are relatively 'spread out' though, so you can actually use some general estimation and logic to get to the correct answer without doing too much complex math. To start, we know that the TOTAL money saved each year between the two people is: 1989: (2)($3000) = $6000 1990:$5000

Even before we discuss Dick's INCREASE in savings, we know that the TOTAL is $1000 less, so Jane has to account for that decrease. If David saved the same amount as he did in 1989, then Jane's savings would have dropped from$3000 to $2000, meaning a$1000 decrease... and that would have been 1000/3000 = 1/3 of her prior savings (re: 33 1/3%).

Dick saved 8% more money, which is LESS than 10% - meaning that his extra savings was a little LESS than $3000(.10) =$300. That extra savings is relatively small - and Jane's decrease would have to account for that approximate $300 as well. Thus, we're looking for a percent decrease that was a bit larger than 33 1/3%, but not so big (such as 59% which is almost double the 33 1/3%). There's only one answer that makes sense... Final Answer: C GMAT assassins aren't born, they're made, Rich _________________ Contact Rich at Rich.C@empowergmat.com ### GMAT/MBA Expert GMAT Instructor Joined 25 Apr 2015 Posted: 2456 messages Followed by: 18 members Upvotes: 43 AAPL wrote: GMAT Prep Dick and Jane saved$3,000 in 1989. In 1990 Dick save 8 percent more than in 1989, and together he and Jane saved a total of $5,000. Approximately what percent less did Jane save in 1990 than in 1989? A. 8% B. 25% C. 41% D. 59% E. 70% Since Dick saved 8% more in 1990 than in 1989, he saved 3,000 x 1.08 =$3,240 in 1990. Since together he and Jane saved a total of $5,000 in 1990, Jane saved 5,000 - 3,240 =$1,760 in 1990. Since Jane saved $3,000 in 1989, and (3,000 - 1,760)/3,000 x 100 = 0.4133 x 100 = 41.33, she saved approximately 41% less less money in 1990 than in 1989. 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 • Free Trial & Practice Exam BEAT THE GMAT EXCLUSIVE Available with Beat the GMAT members only code • Magoosh Study with Magoosh GMAT prep Available with Beat the GMAT members only code • Free Veritas GMAT Class Experience Lesson 1 Live Free Available with Beat the GMAT members only code • Get 300+ Practice Questions 25 Video lessons and 6 Webinars for FREE Available with Beat the GMAT members only code • 1 Hour Free BEAT THE GMAT EXCLUSIVE Available with Beat the GMAT members only code • Free Practice Test & Review How would you score if you took the GMAT Available with Beat the GMAT members only code • 5-Day Free Trial 5-day free, full-access trial TTP Quant Available with Beat the GMAT members only code • Award-winning private GMAT tutoring Register now and save up to$200

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