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income tax

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by sonu_thekool » Wed Jan 07, 2009 4:23 pm
Can anyone take a shot at this one and let us know how to approach the question ????
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by amitabhprasad » Wed Jan 07, 2009 4:56 pm
sonu_thekool wrote:
vivek.kapoor83 wrote:OA is C
Can you please post any explanation given to show how the answer is 'C' -
50 + I/40 ?
Language is little complex, what sentence means is to take the average of
100 and 1% of Income
Av of 100+1%of I
=(100+0.01)/2
=50+0.01/2
=50+1/200
Add 2% of I to above equation = 2*I/100+I/200+50
(2*I/100 divide and multiply this equation by by 2)
=2*2*1/200+I/200+50
= 5*I/200+50
=I/40+50
hope its clear now, let me know if you need more explanation.
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by sonu_thekool » Wed Jan 07, 2009 5:31 pm
Yikes, the notorious GMAT deceptive wording...huh...

Thanks Amitabh. That's a clear explanation.
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by vivek.kapoor83 » Thu Jan 08, 2009 9:38 am
nice prasad
OA is C
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by logitech » Thu Jan 08, 2009 10:12 am
lets make life EASY

So we make $ 100

My tax is: 2 + 101/2

105/2 or 50 +5/2

Only C gives us 2/5 when you have I=100

That's it.
Last edited by logitech on Thu Jan 08, 2009 10:34 am, edited 1 time in total.
LGTCH
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by vivek.kapoor83 » Thu Jan 08, 2009 10:26 am
logitech wrote:lets make life EASY



105/2 or 50 +2/5

Only C gives us 2/5 when you have I=100

That's it.

i couldnt get this part.
I also started by takin I =100 ,but couldnt do the 101/2 par..but how u arrived

105/2 = 50+2/5
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by welcome » Thu Jan 08, 2009 10:26 am
2% of I+ AVG of {100 and 1% of I}
=> 2I/100 + {100+(I/100)}/2
=>I/50 + 50 + I/200
=> 50+ 5I/200
=> 50 + I/40 ------------- Answer "C" --------
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by logitech » Thu Jan 08, 2009 10:36 am
vivek.kapoor83 wrote:
logitech wrote:lets make life EASY



105/2 or 50 +2/5

Only C gives us 2/5 when you have I=100

That's it.

i couldnt get this part.
I also started by takin I =100 ,but couldnt do the 101/2 par..but how u arrived

105/2 = 50+2/5
I edited it is 5/2! duh!

101/2 part is the average of 100 CURRENCY ( which is 1 dolar! ) and 1% of of the salary = 1 dolar

so ($100 + $1) / 2
LGTCH
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