GMAT Quantitative Reasoning Practice Test 6

Question : 51 of 100

Marks: +1, -0

Zigfield bought his car using

M \%

of his bank savings. He also bought a house that costs 4 times the price of the car. What is the price of the house?
(1)

M=12

.
(2) The price of the car and the house was

\$ 140,000

Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
Either statement BY ITSELF is sufficient to answer the question.
Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.

Solution:

With statement (1) we know that the car cost

12 \%

of his life savings.
From statement (2) we know that

\$ 140,000

is the price of both the car and the house. Use simple ratio to find what is the cost of the house.

Go to Question:

Prev Question

Next Question