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earnings

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Master | Next Rank: 500 Posts
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by madhur_ahuja » Mon Aug 10, 2009 9:09 am
In May Mrs Lee's earnings were 60 percent of Lees familys total income. In June Mrs Lee earned 20 percent more than in May. If the rest of the familys income was same both months, in June, Lees earning were approximately what percent of Lee's family's total income ?

64
68
72
76
80
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Re: earnings

by quant-master » Mon Aug 10, 2009 9:25 am
madhur_ahuja wrote:In May Mrs Lee's earnings were 60 percent of Lees familys total income. In June Mrs Lee earned 20 percent more than in May. If the rest of the familys income was same both months, in June, Lees earning were approximately what percent of Lee's family's total income ?

64
68
72
76
80
These problems are best solved by assuming numbers

Let Lee family's income be 100
Lee earns 60 and rest earns 40
Now a hike of 20% means 60*1.2 = 72
Hence Lee earns 72 and family earns 40
Total earning is 112.

Hence 72/112*100 =64.28
Hence A

Thanks,
Quant-Master
https://gmat-quants.blocked - My Blog Updated almost daily with new quant fundas. Find collection of quants question in my blog
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by Mia09 » Mon Aug 10, 2009 9:27 am
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by madhur_ahuja » Mon Aug 10, 2009 9:31 am
Thanks all, OA is A
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by ogbeni » Sat Sep 05, 2009 6:15 am
Wow I soo bombed this question!! I didn't add Mrs. Lee's total to the rest of the family's total. LESSON LEARNED!!!:)
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