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In response to your second question regarding Leo and his taxes: tax is only paid on the amount "in excess of $1,000." The $1,250 you solved for is the amount over $1,000. Add $1,000 and $1,250 and you get C - $2,250.

by internetstanley

Tue Jun 12, 2012 1:53 pm
Forum: Problem Solving
Topic: Percent questions
Replies: 9
Views: 2186

Divide both sides by .95 and you get R > 100,000/.95.

The IR section has a calculator you can use. When you plug it in you get R > 105,263. That's like 20 seconds between the algebra and poking at the calculator.

by internetstanley

Tue Jun 12, 2012 1:48 pm
Forum: Problem Solving
Topic: Fast calculation
Replies: 1
Views: 837

The answer is D. You need to solve for the ratio of Students in 2004 to Faculty in 2004 (# students in 2004 (or #_s henceforth) / # faculty in 2004 (or #_f henceforth)). #_s is the original 5500 * (100% - S%) (because the number of students is decreasing). #_f is the # of faculty in '99 * (100% + F%...

by internetstanley

Wed Jun 06, 2012 11:24 am
Forum: GMAT Integrated Reasoning
Topic: Two part analysis - Sample question
Replies: 3
Views: 3869