It is currently 18 Nov 2018, 14:51
My Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Value of 1 US Dollar

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Moderator
Moderator
User avatar
Joined: 18 Apr 2015
Posts: 4914
Followers: 74

Kudos [?]: 977 [0], given: 4499

CAT Tests
Value of 1 US Dollar [#permalink] New post 18 Jan 2016, 07:24
Expert's post
00:00

Question Stats:

82% (00:44) correct 17% (00:44) wrong based on 23 sessions
Image

Quantity A
Quantity B
The dollar value of 1
Argentine peso according
to the table above
The dollar value of 1
Kenyan shilling according
to the table above


A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.


Practice Questions
Question: 1
Page: 338
Difficulty: easy
[Reveal] Spoiler: OA

_________________

Get the 2 FREE GREPrepclub Tests

Moderator
Moderator
User avatar
Joined: 18 Apr 2015
Posts: 4914
Followers: 74

Kudos [?]: 977 [0], given: 4499

CAT Tests
Re: Value of 1 US Dollar [#permalink] New post 18 Jan 2016, 07:26
Expert's post
Solution


Without doing any calculations, you can see from the information given that 1 United States dollar is worth a little less than 1 Argentine peso, so 1 peso is worth more than 1 United States dollar. On the other hand, 1 United States dollar is worth 32.08 Kenyan shillings, so 1 Kenyan shilling is worth only a small fraction of 1 United States dollar. The correct answer is Choice A.
_________________

Get the 2 FREE GREPrepclub Tests

1 KUDOS received
GRE Instructor
User avatar
Joined: 10 Apr 2015
Posts: 1177
Followers: 44

Kudos [?]: 1054 [1] , given: 6

CAT Tests
Re: Value of 1 US Dollar [#permalink] New post 28 Feb 2018, 12:15
1
This post received
KUDOS
Expert's post
Carcass wrote:
Image

Quantity A
Quantity B
The dollar value of 1
Argentine peso according
to the table above
The dollar value of 1
Kenyan shilling according
to the table above




GIVEN: 1 dollar = 0.93 pesos
Divide both sides of the equation by 0.93 to get: 1/0.93 dollars = 0.93/0.93 pesos
Simplify: more than 1 dollar = 1 peso

GIVEN: 1 dollar = 32.08 shillings
Divide both sides of the equation by 32.08 to get: 1/32.08 dollars = 32.08/32.08 shillings
Simplify: less than 1 dollar = 1 shilling

So, we get:
Quantity A: more than 1 dollar
Quantity B: less than 1 dollar

Answer: A

Cheers,
Brent
_________________

Brent Hanneson – Creator of greenlighttestprep.com
Image
Sign up for our free GRE Question of the Day emails

Re: Value of 1 US Dollar   [#permalink] 28 Feb 2018, 12:15
Display posts from previous: Sort by

Value of 1 US Dollar

  Question banks Downloads My Bookmarks Reviews Important topics  


GRE Prep Club Forum Home| About| Terms and Conditions and Privacy Policy| GRE Prep Club Rules| Contact

Powered by phpBB © phpBB Group

Kindly note that the GRE® test is a registered trademark of the Educational Testing Service®, and this site has neither been reviewed nor endorsed by ETS®.