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

Redeem
TTP OnDemand GMAT Video Course
Featured Course

Target Test Prep GMAT OnDemand

Scott Woodbury-Stewart’s private virtual classroom — 400 hours of master-class video lessons for the GMAT Focus Edition.

  • 715+ score guarantee — highest in the industry (99th percentile)
  • 52 chapters · 1,500+ lessons · 4,000+ practice questions
  • 400 hours of video · 1,500+ instructor-led HD smartboard lessons
  • 300,000+ students accepted to Harvard, Stanford, Wharton, Booth & Sloan & more
  • 24/7 live support + weekly Zoom office hours with GMAT instructors
  • TTP AI Assist — 24/7 AI-powered virtual tutor for instant help
  • 1,200+ flashcards + AI-powered study assistant & daily calendar
  • OnDemand, LiveTeach & GMAT Bootcamp formats available
  • Also: GRE, SAT Math & Executive Assessment courses
  • MBA Admissions Consulting now available
  • 🏆 2025 EdTech Breakthrough Award: Test Prep Solution Provider of the Year
  • 200,000+ students served
  • 5-day free trial — $0 to start, no auto-billing, cancel anytime
★★★★★ 5.0 (559 reviews)
130-pt guarantee
$0 to start then $127/mo
Start Free 5-Day Trial Read 559 Reviews →

The inflation index in Canada for the year 2008 relative to

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 2636
Joined: Sun Oct 29, 2017 2:08 pmFollowed by: 2 members
by AAPL » Thu Oct 31, 2019 6:25 am
Princeton Review

The inflation index in Canada for the year 2008 relative to the year 2000 was 4, indicating that, the ratio of dollars spent for goods during the year 2000 to dollars spent for the same goods during the year 2008 is 1:4. Similarly, the inflation index in Australia for the year 2008 relative to the year 2000 was 5 and the inflation index in Singapore for the year 2008 relative to the year 2000 was 7. In all three countries, the price of the Model AB-i car was $120 more in 2008 than in 2000. What was the ratio between the prices of the car in Canada, Australia, and Singapore in the year 2008?

A. 4:5:7
B. 4:3:2
C. 1:1:1
D. 16:15:14
E. 14:15:17

OA D
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Legendary Member
Posts: 2214
Joined: Fri Mar 02, 2018 2:22 pmFollowed by: 5 members

by deloitte247 » Fri Nov 01, 2019 11:42 pm
The ratio of dollars spent on goods from 2000 to 2008 is 1:4, which is in accordance with the inflation index for each year.
Let the price of model AB-i car = x
For Canada;
In 2000; model AB-i car = 1x
In 2008; model AB-i car = 4x
Difference of 2008 - 2000 = $120
4x - 1x = $120
3x = $120
x = $120/3 = $40
Price of model AB-i car in 2008 = 4x = 4 * 40 = $160

For Australia;
In 2000; model AB-i car = 1x
In 2008; model AB-i car = 5x
Difference: 5x - 1x = $120
4x = $120
x = $120/4 = $30
Price of model AB-i car in 2008 = 5x = 5 * 30 = $150

For Singapore;
In 2000; model AB-i car = 1x
In 2008; model AB-i car = 7x
Difference: 7x - 1x = $120
6x = $120
x = $120/6 = $20
Price of model AB-i car in 2008 = 7x = 7 * 20 = $140

The ratio between the prices of the car in Canada, Australia and Singapore in 2008 are as follow;
$$=\frac{160}{10}:\frac{150}{10}:\frac{140}{10}$$
$$=16:15:14$$

Therefore, the correct answer to this question is option D
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 8142
Joined: Sat Apr 25, 2015 10:56 amFollowed by: 29 members
Location: Los Angeles, CA
Thanked: 43 times

by Scott@TargetTestPrep » Sun Nov 03, 2019 7:32 pm
AAPL wrote:Princeton Review

The inflation index in Canada for the year 2008 relative to the year 2000 was 4, indicating that, the ratio of dollars spent for goods during the year 2000 to dollars spent for the same goods during the year 2008 is 1:4. Similarly, the inflation index in Australia for the year 2008 relative to the year 2000 was 5 and the inflation index in Singapore for the year 2008 relative to the year 2000 was 7. In all three countries, the price of the Model AB-i car was $120 more in 2008 than in 2000. What was the ratio between the prices of the car in Canada, Australia, and Singapore in the year 2008?

A. 4:5:7
B. 4:3:2
C. 1:1:1
D. 16:15:14
E. 14:15:17

OA D
Let c, a, and s be the prices of the car in Canada, Australia, and Singapore, respectively, in 2000. Therefore, 4c, 5a and 7s are the prices of the car in Canada, Australia, and Singapore, respectively, in 2008. We can now create the equations:

c + 120 = 4c, a + 120 = 5a, and s + 120 = 7s.

Solving these equations, we have:

3c = 120

c = 40

And

4a = 120

a = 30

and

6s = 120

s = 20.

Therefore, in 2008, the price of the car is 4(40) = 160 in Canada, 5(30) = 150 in Australia, and 7(20) = 140 in Singapore. Thus the ratio of the prices is 160:150:140 or 16:15:14.

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
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1