Source: GMAT Paper Tests
Kim has 40 percent more money than Sal and Sal has 20 percent less money than Phil. If Sal and Phil have a combined total of $1.80, how much money does Kim have?
A. $1.00
B. $1.12
C. $1.20
D. $1.32
E. $1.40
The OA is B
Kim has 40 percent more money than Sal and Sal has 20
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Let x = Phil's moneyBTGmoderatorLU wrote:Source: GMAT Paper Tests
Kim has 40 percent more money than Sal and Sal has 20 percent less money than Phil. If Sal and Phil have a combined total of $1.80, how much money does Kim have?
A. $1.00
B. $1.12
C. $1.20
D. $1.32
E. $1.40
The OA is B
Sal has 20 percent LESS money than Phil
So, Sal's money = (Phil's money) - (20% Phil's money)
= x - (20% of x)
= x - 0.2x
= 0.8x
Kim has 40 percent more money than Sal
So, Kim's money = (Sal's money) + (40% Sal's money)
= (0.8x) + (40% of 0.8x)
= (0.8x) + (0.4)(0.8x)
= 0.8x + 0.32x
= 1.12x
If Sal and Phil have a combined total of $1.80, how much money does Kim have?
We can write: 0.8x + x = 1.80
Simplify: 1.8x = 1.80
Solve: x = 1.80/1.8 = 1
We know that Kim's money = 1.12x
Since x = 1, we get: 1.12(1) = 1.12
Answer: B
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Hi All,
We're told that Kim has 40 percent MORE money than Sal, Sal has 20 percent LESS money than Phil and Sal and Phil have a combined total of $1.80. We're asked for the amount of money that Kim has. This question can be approached in a couple of different ways, including some brute-force Arithmetic and logic.
To start, we know the most about Phil and Sal, so we should think about a pair of values that would include a number that is 20% LESS than another number. Since we're dealing with dollars and cents, let's think about round-numbers just for a moment... What would we end up with if Phil had exactly $1.00?
20% of $1.00 = $0.20, so Sal would have $1.00 - $0.20 = $0.80
In this example, Phil + Sal would total $1.00 + $0.80 = $1.80... that's EXACTLY what the prompt tells us, so we now know exactly what Phil and Sal each have.
At this point, there's just one more step... Kim has 40% MORE money than Sal...
$0.80 + (4)($0.80) = $0.80 + $0.32 = $1.12
Final Answer: B
GMAT assassins aren't born, they're made,
Rich
We're told that Kim has 40 percent MORE money than Sal, Sal has 20 percent LESS money than Phil and Sal and Phil have a combined total of $1.80. We're asked for the amount of money that Kim has. This question can be approached in a couple of different ways, including some brute-force Arithmetic and logic.
To start, we know the most about Phil and Sal, so we should think about a pair of values that would include a number that is 20% LESS than another number. Since we're dealing with dollars and cents, let's think about round-numbers just for a moment... What would we end up with if Phil had exactly $1.00?
20% of $1.00 = $0.20, so Sal would have $1.00 - $0.20 = $0.80
In this example, Phil + Sal would total $1.00 + $0.80 = $1.80... that's EXACTLY what the prompt tells us, so we now know exactly what Phil and Sal each have.
At this point, there's just one more step... Kim has 40% MORE money than Sal...
$0.80 + (4)($0.80) = $0.80 + $0.32 = $1.12
Final Answer: B
GMAT assassins aren't born, they're made,
Rich