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clawhammer: Master | Next Rank: 500 Posts; Posts: 132; Joined: Sun Aug 15, 2010 10:08 am; Thanked: 3 times; Followed by:1 members

Face value - grockit

by clawhammer » Wed Nov 10, 2010 6:06 am

Please explain the answer.

I calculated 95% of 630 and divided it with 25. Seemed pretty straight forward, and got 23.94 as answer. But OA is different.

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Source: Beat The GMAT — Problem Solving | Wed Nov 10, 2010 6:06 am

beat_gmat_09: Master | Next Rank: 500 Posts; Posts: 437; Joined: Sat Nov 22, 2008 5:06 am; Location: India; Thanked: 50 times; Followed by:1 members; GMAT Score:580

by beat_gmat_09 » Wed Nov 10, 2010 6:13 am

clawhammer wrote:Please explain the answer.

I calculated 95% of 630 and divided it with 25. Seemed pretty straight forward, and got 23.94 as answer. But OA is different.

1.05x = 630
x = (630/105) * 100

x/25 = (630/105) *100 (1/25) = 24

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