Wednesday, 28 September 2016

A Challenging Question

GMAT Practice Question
At a carnival a patron can purchase an admission ticket plus 20 rides for $29.50 or an admission ticket and 8 rides for $14.50. Assuming the carnival operators price consistently, what is the cost of the admission ticket only?

Correct Answer: C

Ticket Cost = (Admission Cost) + (Ride Cost)(Number of Rides)

  1. The basic equation for this problem is:
    Ticket Cost = (Admission Cost) + (Ride Cost)(Number of Rides)
  2. Let A = the cost of admission
    Let R = the cost per ride
  3. Taken together:
    Ticket Cost = A + R(Number of Rides)
  4. From the information given, derive two equations:
    29.5 = A + 20R
    14.5 = A + 8R
  5. Subtract the lower equation from the upper equation:
    29.5 - 14.5 = A - A + 20R - 8R
    15 = 12R
    R = 15/12 = 5/4
  6. Substitute R back into one of the two equations:
    14.5 = A + 8(5/4)
    14.5 = A + 10
    4.5 = A

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