A person needs to pay a tax of $5\%$ over the excess bill of $\$1000$ purchase. However, if the total bill

A person needs to pay a tax of $5\%$ over the excess bill of $\$1000$ purchase. However, if the total bill (i.e. purchase bill + tax) exceeds $\$1999,$ then he needs to pay a tax of $10\%$ over the excess purchase of $\$1000.$ What can be the maximum purchase bill amount which will ensure that the person pays only $5\%$ tax?

A. $\$1001$
B. $\$1500$
C. $\$1543.24$
D. $\$1950$
E. $\$1951.43$

Answer: E

Source: e-GMAT

Quote

Post new topic Post Reply

• Page 1 of 1

5/5

5 Star (473 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