Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

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

Sunday, January 10, 2010

Math Problem 7

If the profit on an item is $4 and the sum of the cost and the profit is $20, what is the cost of the item?
(A)$24
(B)$20
(C)$16
(D)$12
(E) Cannot be determined from the information given.

Solution for GRE Math Problem 6:


From 6:15 to 7:15 the minute hand will drew a complete circle, 360°. Then, from 7:15 to 7:45, it drew a half of a circle, 180°. Total: 360+180=540

Answer:(D) 540°