Raymond purchased a package of ground beef at a cost of $1.98 per pound. If, for the
same amount of money, Raymond could have purchased a piece of steak that weighed 40
percent less than the package of ground beef, what was the cost per pound of the steak?
A. $4.95
B. $4.20
C. $3.60
D. $3.30
E. $3.10
CONFIRM PLS?
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Magical Cook, refer my appraoch -magical cook wrote:Raymond purchased a package of ground beef at a cost of $1.98 per pound. If, for the
same amount of money, Raymond could have purchased a piece of steak that weighed 40
percent less than the package of ground beef, what was the cost per pound of the steak?
A. $4.95
B. $4.20
C. $3.60
D. $3.30
E. $3.10
40% less i.e. 3/5 of 1 pound of steak costs 1.98
so 1 pound of steak costs = 1.98 * 5/3 = 3.3
so imo D. What's the OA?
Correct me If I am wrong
Regards,
Amitava
Regards,
Amitava
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- lonewolf79
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Magical Cook, refer my appraoch -
40% less i.e. 3/5 of 1 pound of steak costs 1.98
so 1 pound of steak costs = 1.98 * 5/3 = 3.3
so imo D. What's the OA?
40% = 2/5 so I'm confused about your approach magical cook.
I get 2.77. 1.98* 2/5 + 1.98 ~ 2.77...
Could you elaborate some more on this?
If anyone has a different solution I would need it now.
40% less i.e. 3/5 of 1 pound of steak costs 1.98
so 1 pound of steak costs = 1.98 * 5/3 = 3.3
so imo D. What's the OA?
40% = 2/5 so I'm confused about your approach magical cook.
I get 2.77. 1.98* 2/5 + 1.98 ~ 2.77...
Could you elaborate some more on this?
If anyone has a different solution I would need it now.
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Lets say total price of steak = x
1.98 is 60% of total Steak price
i.e 1.98 = 0.6x
Total price of steak = 1.98/0.6 = 3.3
1.98 is 60% of total Steak price
i.e 1.98 = 0.6x
Total price of steak = 1.98/0.6 = 3.3
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- Jeff@TargetTestPrep
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We can let the number of pounds of ground beef = b, and thus the cost for the ground beef was 1.98b.magical cook wrote:Raymond purchased a package of ground beef at a cost of $1.98 per pound. If, for the
same amount of money, Raymond could have purchased a piece of steak that weighed 40 percent less than the package of ground beef, what was the cost per pound of the steak?
A. $4.95
B. $4.20
C. $3.60
D. $3.30
E. $3.10
Since he could have purchased a piece of steak that weighed 40 percent less than the package of ground beef, we can create the following equation in which x = the cost per pound of steak:
1.98b = 0.6bx
1.98 = 0.6x
3.3 = x
Answer: D
Jeffrey Miller
Head of GMAT Instruction
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