Thursday, May 6, 2010

GRE Math Problem 75

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 greater than formula?
formula
So, formula of the number is 7. Therefore, the whole number is 12.

But we were asked about the formula 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:

4 comments:

  1. I got a different answer.
    Let 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.

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