Quant Homework

Question 1

On a certain date, Hannah invested 5k at x percent simple annual interest. What amount did Hannah invest at y percent simple annual interest?

1. total amount of interest earned by hannah’s two investments in one year was $900
2. Hannah invested the 5k at 6% simple annual interest.

Answer 1

Answer: E

strategy guide: FDP Percents

rephrase: What are the values of x, y, and t?

1. insufficient: t=900 but nothing else.
2. insufficient= x=6 but does not tell us about m or y
3. Gives us t and x but does not give us y or m.

traps: C trap

Question 2

The selling price of an article is equal to the cost of the article plus the markup. The markup on a certain television set is what percent of the selling price?

1. The markup on the tv is 25% of the cost.
   2 the selling price of the tv is $250

Answer 2

Answer: A
rephrase: P=C+M
M/P =?