The cost C

This topic has expert replies
Senior | Next Rank: 100 Posts
Posts: 42
Joined: Fri Oct 30, 2015 9:01 am

The cost C

by shahfahad » Thu Nov 26, 2015 1:52 am

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

The cost C, in dollars, to remove p percent of a certain pollutant from a pond is estimated by using the formula C=100,000p/100-p. According to the estimate, how much more would it cost to remove 90% of the pollutant from the pond than it would cost to remove 80% of the pollutant?

(A) $500,000
(B) $100,000
(C) $50,000
(D) $10,000
(E) $5,000

I solved the question first with 90%-80% = 10% method but it did not work. Then i calculated them separately and subtracted them and got the right answer. Why doesn't the 10% value works as it is the difference between 90 and 80%.

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 10392
Joined: Sun Jun 23, 2013 6:38 pm
Location: Palo Alto, CA
Thanked: 2867 times
Followed by:511 members
GMAT Score:800

by [email protected] » Thu Nov 26, 2015 11:07 am
Hi shahfahad,

If the question expected you to just subtract 80% from 90%, then none of that other information would have been provided. This is an example of a 'Symbolism' question - you're given a formula, and told what it means, and then you're expected to perform a calculation or two with it.

The reason why you won't get the correct answer by just subtracting the percents is that those two values impact the given equation in different ways (consider how the denominator changes relative to the numerator when you plug in 80% vs. 90%).

GMAT assassins aren't born, they're made,
Rich
Contact Rich at [email protected]
Image

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16207
Joined: Mon Dec 08, 2008 6:26 pm
Location: Vancouver, BC
Thanked: 5254 times
Followed by:1268 members
GMAT Score:770

by Brent@GMATPrepNow » Thu Nov 26, 2015 12:08 pm
shahfahad wrote:The cost C, in dollars, to remove p percent of a certain pollutant from a pond is estimated by using the formula C=100,000p/(100-p). According to the estimate, how much more would it cost to remove 90% of the pollutant from the pond than it would cost to remove 80% of the pollutant?

(A) $500,000
(B) $100,000
(C) $50,000
(D) $10,000
(E) $5,000
Cost to remove 90%
p = 90
So, cost = 100,000(90)/(100-90)
= 9,000,000/10 = 900,000

Cost to remove 80%
p = 80
So, cost = 100,000(80)/(100-80)
= 8,000,000/20 = 400,000

DIFFERENCE = 900,000 - 400,000 = [spoiler]$500,000[/spoiler]

Answer: A

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image

GMAT Instructor
Posts: 2630
Joined: Wed Sep 12, 2012 3:32 pm
Location: East Bay all the way
Thanked: 625 times
Followed by:119 members
GMAT Score:780

by Matt@VeritasPrep » Thu Nov 26, 2015 11:54 pm
We've got

100,000(90)/(100 - 90) - 100,000(80)/(100 - 80),

or

100,000 * (90/10 - 80/20)

or

100,000 * (9 - 4),

so it's A.

User avatar
Newbie | Next Rank: 10 Posts
Posts: 1
Joined: Sun Jan 11, 2015 1:18 pm

by rqmantovani » Mon Aug 01, 2016 8:19 am
If p is 90%, why p=90? Shouldn't it be 0.9?

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 10392
Joined: Sun Jun 23, 2013 6:38 pm
Location: Palo Alto, CA
Thanked: 2867 times
Followed by:511 members
GMAT Score:800

by [email protected] » Mon Aug 01, 2016 9:18 am
Hi rqmantovani,

The given equation expects us to plug in a value for P. The variable "P" will have to be a number (between 0 and 100, inclusive) since it's described in the context of "...P percent of a certain pollutant..."

IF... P = 90, then the sentence reads.... "to remove 90 percent of a certain pollutant..."
IF...P = .9, then the sentence reads... "to remove .9 percent of a certain pollutant..."

Given the wording of the rest of the prompt, we're expected to plug in P = 90 (and also P = 80) and complete the given calculations.

GMAT assassins aren't born, they're made,
Rich
Contact Rich at [email protected]
Image

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 1462
Joined: Thu Apr 09, 2015 9:34 am
Location: New York, NY
Thanked: 39 times
Followed by:22 members

by Jeff@TargetTestPrep » Mon Aug 01, 2016 3:38 pm
shahfahad wrote:The cost C, in dollars, to remove p percent of a certain pollutant from a pond is estimated by using the formula C=100,000p/100-p. According to the estimate, how much more would it cost to remove 90% of the pollutant from the pond than it would cost to remove 80% of the pollutant?

(A) $500,000
(B) $100,000
(C) $50,000
(D) $10,000
(E) $5,000
Here is my take:

The cost to remove 90 percent of the pollutant is determined by letting p = 90 in the cost formula:

100,000(90)/(100 - 90) = 9,000,000/10 = 900,000

Similarly, the cost to remove 80 percent of the pollutant is determined by letting p = 80 in the cost formula:

100,000(80)/(100 - 80) = 8,000,000/20 = 400,000

To determine how much more it costs to remove 90 percent of the pollutant than 80 percent of the pollutant, we calculate the difference of the two costs:

900,000 - 400,000 = 500,000

Answer: A

Jeffrey Miller
Head of GMAT Instruction
[email protected]

Image

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews

GMAT Instructor
Posts: 2630
Joined: Wed Sep 12, 2012 3:32 pm
Location: East Bay all the way
Thanked: 625 times
Followed by:119 members
GMAT Score:780

by Matt@VeritasPrep » Thu Aug 04, 2016 8:39 pm
rqmantovani wrote:If p is 90%, why p=90? Shouldn't it be 0.9?
Since the stem gives it to us as "p percent", and we want "90 percent", we have p = 90, not p = .9. (Be careful not to convert to percentages if the word 'percent' is already attached to the variable!)