BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem
TTP OnDemand GMAT Video Course
Featured Course

Target Test Prep GMAT OnDemand

Scott Woodbury-Stewart’s private virtual classroom — 400 hours of master-class video lessons for the GMAT Focus Edition.

  • 715+ score guarantee — highest in the industry (99th percentile)
  • 52 chapters · 1,500+ lessons · 4,000+ practice questions
  • 400 hours of video · 1,500+ instructor-led HD smartboard lessons
  • 300,000+ students accepted to Harvard, Stanford, Wharton, Booth & Sloan & more
  • 24/7 live support + weekly Zoom office hours with GMAT instructors
  • TTP AI Assist — 24/7 AI-powered virtual tutor for instant help
  • 1,200+ flashcards + AI-powered study assistant & daily calendar
  • OnDemand, LiveTeach & GMAT Bootcamp formats available
  • Also: GRE, SAT Math & Executive Assessment courses
  • MBA Admissions Consulting now available
  • 🏆 2025 EdTech Breakthrough Award: Test Prep Solution Provider of the Year
  • 200,000+ students served
  • 5-day free trial — $0 to start, no auto-billing, cancel anytime
★★★★★ 5.0 (559 reviews)
130-pt guarantee
$0 to start then $127/mo
Start Free 5-Day Trial Read 559 Reviews →

I dont seem to get the calculation

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
Senior | Next Rank: 100 Posts
Posts: 49
Joined: Mon Feb 10, 2014 1:18 amFollowed by: 3 members
by candygal79 » Fri Apr 04, 2014 12:25 am
In 1990 the budgets for projects Q & V were $660,000 and $ 780,000, respectively. In each of the next 10 years , the budget for Q increased by $ 30,000 and the budget for V decreased by $ 10,000. In which was the budget for Q equal to the budget for V ?

A 1992

B 1993

C 1994

D 1995

E 1996
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
User avatar
GMAT Instructor
Posts: 15539
Joined: Tue May 25, 2010 12:04 pmFollowed by: 1906 members
Location: New York, NY
Thanked: 13060 times
GMAT Score:790

by GMATGuruNY » Fri Apr 04, 2014 3:00 am
In 1990 the budgets for projects Q and V were $660,000 and $780,000, respectively. In each of the next 10 years, the budget for Q was increased by $30,000 and the budget for V was decreased by $10,000. In which year was the budget for Q equal to the budget for V ?

(A) 1992
(B) 1993
(C) 1994
(D) 1995
(E) 1996
1990: Q = 660,000, V = 780,000

Each year, Q increases by 30,000, while V decreases by 10,000.
1991: Q = 690,000, V = 770,000
1992: Q = 720,000, V = 760,000
1993: Q = 750,000, V = 750,000.
The values are equal in 1993.

The correct answer is B.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
Master | Next Rank: 500 Posts
Posts: 359
Joined: Wed Mar 11, 2009 4:37 amFollowed by: 2 members
Location: Kolkata, India
Thanked: 50 times

by Abhishek009 » Fri Apr 04, 2014 6:39 am
candygal79 wrote:In 1990 the budgets for projects Q & V were $660,000 and $ 780,000, respectively. In each of the next 10 years , the budget for Q increased by $ 30,000 and the budget for V decreased by $ 10,000. In which was the budget for Q equal to the budget for V ?

A 1992

B 1993

C 1994

D 1995

E 1996
Frame and equation -

660,000 + 30,000 t = 780,000 - 10,000t

40,000t = 120,000

t = 3

hence the budget will be equall exactly after three years , so 1990 + 3 yrs = 1993
Abhishek
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY

GMAT/MBA Expert

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

by Brent@GMATPrepNow » Fri Apr 04, 2014 10:54 am
candygal79 wrote:In 1990 the budgets for projects Q & V were $660,000 and $ 780,000, respectively. In each of the next 10 years , the budget for Q increased by $ 30,000 and the budget for V decreased by $ 10,000. In which was the budget for Q equal to the budget for V ?

A 1992
B 1993
C 1994
D 1995
E 1996
We can treat this is a rate question.

In 1990 the GAP BETWEEN V's budget and Q's budget was $120,000 ($780,000 - $660,000 = $120,000)

Each year, the budget for Q increased by $30,000 and the budget for V decreased by $10,000. In other words, the GAP BETWEEN the budgets DECREASES by $40,000 each year

So, at a rate of $40,000 per year, it will take 3 years for the gap to decrease from $120,000 to $0

So, the gap will equal $0 (and the two budgets will be the same) in 1993

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1