BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Last year, the price of a jar of peanut butter at a certain

Expert replies
by BTGmoderatorDC » Tue Apr 09, 2019 1:23 am

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty

Last year, the price of a jar of peanut butter at a certain store was P dollars and the price of a jar of jelly at the same store was J dollars, where J=2P. This year, the price of peanut butter increased by 20% and the price of jelly decreased by 20%. If a customer purchases one jar of peanut butter and one jar of jelly this year and receives a 25% discount, which of the following represents the amount that he paid, in terms of P?

A. 3P/2

B. 17P/10

C. 19P/10

D. 21P/10

E. 11P/5

OA D

Source: Veritas Prep
Join the discussion
Source: — Problem Solving |

by GMATGuruNY » Tue Apr 09, 2019 2:26 am
BTGmoderatorDC wrote:Last year, the price of a jar of peanut butter at a certain store was P dollars and the price of a jar of jelly at the same store was J dollars, where J=2P. This year, the price of peanut butter increased by 20% and the price of jelly decreased by 20%. If a customer purchases one jar of peanut butter and one jar of jelly this year and receives a 25% discount, which of the following represents the amount that he paid, in terms of P?

A. 3P/2

B. 17P/10

C. 19P/10

D. 21P/10

E. 11P/5
The price of a jar of peanut butter at a certain store was P dollars and the price of a jar of jelly at the same store was J dollars, where J=2P.
Let P = 10 and J = 20

This year, the price of peanut butter increased by 20% and the price of jelly decreased by 20%
New P = 10 + (20% of 10) = 10 + 2 = 12
New J = 20 - (20% of 20) = 20 - 4 = 16

A customer purchases one jar of peanut butter and one jar of jelly this year and receives a 25% discount.
Before the discount:
New P + New J = 12 + 16 = 28
After the discount:
28 - (25% of 28) = 28 - 7 = 21

Which of the following represents the amount that he paid, in terms of P?
The correct answer must yield $21 when P=10.
Only D works:
21P/10 = (21*10)/10 = 21.

The correct answer is D.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Join the discussion

by Scott@TargetTestPrep » Wed Apr 10, 2019 4:51 pm
BTGmoderatorDC wrote:Last year, the price of a jar of peanut butter at a certain store was P dollars and the price of a jar of jelly at the same store was J dollars, where J=2P. This year, the price of peanut butter increased by 20% and the price of jelly decreased by 20%. If a customer purchases one jar of peanut butter and one jar of jelly this year and receives a 25% discount, which of the following represents the amount that he paid, in terms of P?

A. 3P/2

B. 17P/10

C. 19P/10

D. 21P/10

E. 11P/5

OA D

Source: Veritas Prep
We are given that last year, the price of a jar of peanut butter at a certain store was P dollars, and the price of a jar of jelly at the same store was J dollars, where J = 2P.

This year the peanut butter price increased by 20%, so the new price is 1.2P.

Since the price of jelly decreased by 20%, the new price is 0.8J = 0.8(2P) = 1.6P.

Thus, the regular price of one jar of peanut butter and one jar of jelly is 1.2P + 1.6P = 2.8P.

Thus, at a 25% discount, the price is 0.75(2.8P) = 2.1P = 21P/10

Answer: D

Scott Woodbury-Stewart
Founder and CEO
[email protected]

Image

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews

ImageImage
Join the discussion