Alice take home pay

Expert replies

Ashetty: Senior | Next Rank: 100 Posts; Posts: 49; Joined: Sun May 08, 2011 4:33 pm

by Ashetty » Sun Sep 04, 2011 7:41 pm

Alice take home pay last yr was same each month & she saved same fraction of her take home pay each month. the total amt money she saved at end of yr was 3 times the amt portion of her monthly take home pay that she didn't save.If all the money that she saved last yr was from her take home pay, what fraction of her take home pay did she save each month??

Thanks!!

Like this post

Source: Beat The GMAT — Problem Solving | Sun Sep 04, 2011 7:41 pm

GMAT/MBA Expert

Anurag@Gurome: GMAT Instructor; Posts: 3835; Joined: Fri Apr 02, 2010 10:00 pmFollowed by: 523 members; Location: Milpitas, CA; Thanked: 1854 times; GMAT Score:770

by Anurag@Gurome » Sun Sep 04, 2011 7:48 pm

Ashetty wrote:Alice take home pay last yr was same each month & she saved same fraction of her take home pay each month. the total amt money she saved at end of yr was 3 times the amt portion of her monthly take home pay that she didn't save.If all the money that she saved last yr was from her take home pay, what fraction of her take home pay did she save each month??

Thanks!!

Let Alice's total take home pay per month = P
Alice's saving per month = S, which means her savings for the whole year = 12S
Amount not saved by Alice per month = P - S
It is given that "the total amt money she saved at end of yr was 3 times the amt portion of her monthly take home pay that she didn't save", which means
12S = 3(P - S) or 15S = 3P or S = P/5

Therefore, Alice saved [spoiler]1/5th[/spoiler] of her take home pay every month.

Anurag Mairal, Ph.D., MBA
GMAT Expert, Admissions and Career Guidance
Gurome, Inc.
1-800-566-4043 (USA)

Join Our Facebook Groups
GMAT with Gurome
https://www.facebook.com/groups/272466352793633/
Admissions with Gurome
https://www.facebook.com/groups/461459690536574/
Career Advising with Gurome
https://www.facebook.com/groups/360435787349781/

Like this post

GMATGuruNY: 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 » Mon Sep 05, 2011 2:58 pm

I posted a solution here:

https://www.beatthegmat.com/alice-s-take ... 72398.html

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

Like this post

Post new topic Post Reply

• Page 1 of 1

GMAT Course Reviews

559 reviews

1168 reviews

431 reviews

359 reviews

147 reviews

5/5

5 Star (560 Reviews)

"Target Test Prep is the closest to the official version of the GMAT exam, about 99% accuracy in terms of the quality and quantity of information. The course has excellently created singular sets of focused lessons and tests for every possible topic that one could come across in the official GMAT exam."

"The TTP course maximizes the efficiency of the time you spend studying. It will take time and effort but I could almost guarantee that if you complete the course exactly as it is laid out you will get an amazing score. They also have a very responsive team willing to help with any questions you might have."

"TTP has two things that I think no other test prep company offers: A teaching approach that reinforces understanding and an attitude that will give you the mental preparedness needed to succeed on the test. TTP gives you a deep understanding of the concept you need to know while teaching you how to think."

Write a Review