Ann can have her bicycle repaired for $50, or she can trade it in, as is, and receive $22 credit toward the purchase of a new bicycle that sells for $107. If Ann trades in her current bicycle, the cost to her of purchasing the new bicycle is what percent greater than the cost of having her current bicycle repaired?
A. 44%
B. 60%
C. 70%
D. 114%
E. 170%
OA C
Source: Gmat Prep
Ann can have her bicycle repaired for $50, or she can trade
This topic has expert replies
-
- Moderator
- Posts: 7187
- Joined: Thu Sep 07, 2017 4:43 pm
- Followed by:23 members
Timer
00:00
Your Answer
A
B
C
D
E
Global Stats
GMAT/MBA Expert
- Jay@ManhattanReview
- GMAT Instructor
- Posts: 3008
- Joined: Mon Aug 22, 2016 6:19 am
- Location: Grand Central / New York
- Thanked: 470 times
- Followed by:34 members
Cost of repair = $50;BTGmoderatorDC wrote:Ann can have her bicycle repaired for $50, or she can trade it in, as is, and receive $22 credit toward the purchase of a new bicycle that sells for $107. If Ann trades in her current bicycle, the cost to her of purchasing the new bicycle is what percent greater than the cost of having her current bicycle repaired?
A. 44%
B. 60%
C. 70%
D. 114%
E. 170%
OA C
Source: Gmat Prep
Cost of new bicycle - Credit for old bicycle = 107 - 22 = $85
Excess amount paid to get bicycle = 85 - 50 = 35
The cost to her of purchasing the new bicycle is (35/50)*100% = 70% greater than the cost of having her current bicycle repaired.
The correct answer: C
Hope this helps!
-Jay
_________________
Manhattan Review GMAT Prep
Locations: New York | Mumbai | Ho Chi Minh City | Budapest | and many more...
Schedule your free consultation with an experienced GMAT Prep Advisor! Click here.
GMAT/MBA Expert
- Scott@TargetTestPrep
- GMAT Instructor
- Posts: 7294
- Joined: Sat Apr 25, 2015 10:56 am
- Location: Los Angeles, CA
- Thanked: 43 times
- Followed by:29 members
The cost of the new bicycle is 85 dollars after she trades in her current bicycle. So we need to determine 85 is what percent greater than 50:BTGmoderatorDC wrote:Ann can have her bicycle repaired for $50, or she can trade it in, as is, and receive $22 credit toward the purchase of a new bicycle that sells for $107. If Ann trades in her current bicycle, the cost to her of purchasing the new bicycle is what percent greater than the cost of having her current bicycle repaired?
A. 44%
B. 60%
C. 70%
D. 114%
E. 170%
(85 - 50)/50 * 100 = 35/50 * 100 = 70 percent
Answer: C
Scott Woodbury-Stewart
Founder and CEO
[email protected]
See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews