Last year Leo bought two paintings. This year he sold them for ">2000 each. On one, he made a 25% profit, and on the other he had a 25% loss. What was his net loss or profit?
(A) He broke even.
(B) He lost less than $100.
(C) He lost more than "$100.
(D) He earned less than $100.
(E) He earned more than $100.
Solution for GRE Math Problem 74:
By what fraction is
![formula](http://chart.apis.google.com/chart?cht=tx&chl=\frac{3}{4})
greater than
![formula](http://chart.apis.google.com/chart?cht=tx&chl=\frac{1}{6})
?
So,
![formula](http://chart.apis.google.com/chart?cht=tx&chl=\frac{7}{12})
of the number is 7. Therefore, the whole number is 12.
But we were asked about the
![formula](http://chart.apis.google.com/chart?cht=tx&chl=\frac{5}{3})
of this number, so, the answer is 12*3/5=20. Thank you for pointing this in comment :)
Answer:(D)20
See also these GRE problems:
I got a different answer.
ReplyDeleteLet X represent the number.
I agree with the following:
3X/4 = X/6 + 7
3X/4 - X/6 = 7
9X/12 - 2/12 = 7
7X/12 = 7
X = 12
The question asks for 5/3 of the number, which is:
5/3 * 12 = 20
Answer is 20.
Thank you! I was inattantive :)
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