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GMATPrep(Test) Problem ---- Can someone help??

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by prashant421 » Mon Jul 16, 2007 2:48 am
Hi,

Can someone be kind enough to explain how the answer was reached at???

PS: Question is available in the attached doc.
PPS: The correct answer is C.

Thx.
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by discreet » Mon Jul 16, 2007 4:46 am
It should be :

2I / 100 + (100 + I / 100) / 2

First expression = 2 percent of annual income
Second expression is average of 100 units and 1 percent of income.

Hope it's clear to you now....
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by prashant421 » Tue Jul 17, 2007 9:19 am
Thanks,

Didn't understand the problem in the first place.
Your explanation helped!!
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by beatthegmat » Wed Jul 18, 2007 7:28 pm
You can only see/download attachments as a registered user. It's free to register. :)
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Thanks

by vipulbansal82 » Tue Jun 16, 2009 10:50 pm
It looked so simple after you explained .. Thanks
vipul
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by gmattering » Fri Jun 26, 2009 10:26 am
discreet wrote:It should be :

2I / 100 + (100 + I / 100) / 2

First expression = 2 percent of annual income
Second expression is average of 100 units and 1 percent of income.

Hope it's clear to you now....

From your working, i got I + 50.

Kindly advise where have i gone wrong
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