Target Test Prep's 2024 GMAT Focus Edition prep is discounted for the BTG community!

Redeem
Target Test Prep
5-Day Free Trial
5-day free, full-access trial TTP

Available with Beat the GMAT members only code

MORE DETAILS
Target Test Prep
Magoosh
Magoosh
Study with Magoosh GMAT prep

Available with Beat the GMAT members only code

MORE DETAILS
Magoosh

Last year, the price of a vacation package was P. At the

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 768
Joined: Wed Dec 28, 2011 4:18 pm
Location: Berkeley, CA
Thanked: 387 times
Followed by:140 members

Last year, the price of a vacation package was P. At the

by Mike@Magoosh » Mon Jan 06, 2014 4:40 pm
Last year, the price of a vacation package was P. At the beginning of this year, the price went up 40%. Lucas used a travel voucher to purchase the vacation package at 30% off this year's price. In terms of P, how much did Lucas pay?
(A) P + 10
(B) 1.1*P
(C) 1.12*P
(D) 0.9*P
(E) 0.98*P

For a discussion of GMAT percent problems, see this blog:
https://magoosh.com/gmat/2012/understand ... -the-gmat/
For a discussion of the strategy (and pitfalls) of plugging in numbers, as well as the OA & OE for this particular question, see:
https://magoosh.com/gmat/2013/how-to-plu ... questions/

Mike :-)
Magoosh GMAT Instructor
https://gmat.magoosh.com/
Top
User avatar
Master | Next Rank: 500 Posts
Posts: 153
Joined: Mon Apr 11, 2011 7:13 am
Location: India
Thanked: 22 times
Followed by:7 members
GMAT Score:540

by sahilchaudhary » Tue Jan 07, 2014 11:19 am
Price of package last year = P
Price of package this year = P + 40% of P = P + 0.4*P = 1.4*P

Since Lucas got a 30% discount at this year's price, so he has to pay 70% of the price of the package this year.
Price paid by Lucas to buy the package = 70% of (1.4*P) = 0.98*P

So, the correct answer is E
Sahil Chaudhary
If you find this post helpful, please take a moment to click on the "Thank" icon.
https://www.sahilchaudhary007.blocked
Top

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 7274
Joined: Sat Apr 25, 2015 10:56 am
Location: Los Angeles, CA
Thanked: 43 times
Followed by:29 members

Re: Last year, the price of a vacation package was P. At the

by Scott@TargetTestPrep » Sun May 24, 2020 5:51 am
Mike@Magoosh wrote: ↑
Mon Jan 06, 2014 4:40 pm
 Last year, the price of a vacation package was P. At the beginning of this year, the price went up 40%. Lucas used a travel voucher to purchase the vacation package at 30% off this year's price. In terms of P, how much did Lucas pay?
(A) P + 10
(B) 1.1*P
(C) 1.12*P
(D) 0.9*P
(E) 0.98*P

Lucas paid P * 1.4 * 0.7 = 0.98P.

Answer: E

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
Post new topic Post Reply
• Page 1 of 1