12) Word problems Flashcards
Age Problems
LEVEL 1 WORD PROBLEMS (linear)
Comparing ages in the past, present, and future
> usually set variables equal to PRESENT AGE, then add to get future age and subtract to get past age
> set up equations (usually linear) and solve via substitution or elimination
Watchouts:
** > keep track of time periods when setting up equations (need to adjust ALL PEOPLE’S AGES)
e.g., Forty five years ago, Frank was twenty years older than one-third Carl’s age
(F - 45) = 20 + 1/3*(C-45)
e.g., Six years ago, F was nine times as old as Patrick
F - 6 = 9*(P - 6)
Length Problems
LEVEL 1 WORD PROBLEMS (linear)
Rope cut into segments and asked about lengths of one or more pieces
> usually set variables equal to individual pieces (shorter piece gets one variable, longer piece gets another variable)
> sum of lengths of pieces = total length
Weight Problems
LEVEL 1 WORD PROBLEMS (linear)
Comparing weights (e.g., Lbs, kgs) of different people or objects
Money Problems
Different variants:
> comparing prices (do not need to be integers) –> easier to convert dollars with decimals to CENTS
OR get comfortable saving time by using decimals
t y In a certain game, a number of 2-point and 3-point baskets were made. If there were 8 more 2-point baskets than 3-point baskets, how many 3-point baskets were made? (Assume no other types of baskets could be made)
(1) There were a total of 44 2-point and 3-point baskets made
(2) Two-point baskets represent 13/22 of all the baskets made
Word problem –> made a mistake because I FORGOT ABOUT THE CONDITION A = B + 8
Ans D
General Business Word Problems
(1) Price per item = Total cost of identical items / number of identical items
(2) Profit and loss = Total Revenue - Total cost
= Total Revenue - Fixed Costs - Variable costs\
(3) Splitting the cost problems (e.g., bill, car rental) among group of people —> Cost per person comparison
> usually an initial number of people plan to split the bill, but at the last moment, some people cannot attend and remaining people must continue to split the bill and therefore pay a higher rate than original number
(4) “Which salary should I choose? // How much will I make?” –> what would make someone INDIFFERENT between two compensation methods
> set two compensation methods equal
** (5) “Which price structure makes the most sense? // How much will I pay?” –> which price structure makes most sense given the constraints // differential pricing structures
> e.g., a car rental company charges d dollars for the first day, but d/4 dollars per day for each subsequent day. How much would a customer pay to rent a car for x days
= d + d/4*(x-1)
> e.g., Anthony must pay the full fare retail price when he spends $500 or less in a given year on tickets, but his employee discount allows him to purchase tickets for 80% off the full fare retail price once he has spent $500. If Anthony spent $3000 on tickets one year, what was the total full fare retail price of the tickets he purchased?
3000 (less than full fare retail price due to discounts) = 500 + 0.2*(x - 500)
NEED TO PAY ATTENTION TO NUMBERS (/50, +5 etc.)
> /50 case is weird –> NEED TO NOT RELY ON DIVISION AND RELY ON LOGIC
Also need to PAY ATTENTION TO WORDING
> “savings at least $2000” means savings between options >= 2000
> “justify switching” means NOT INDIFFERENT (one option must cost less, so need to increase breakeven quantity by 1) e.g., N = 50 to be indifferent, so need 51 units to favor one
Equation of rate problems
Asked to EQUATE two different wages using addition and subtraction (transfer of $x)
Wage rate of person 1 = Wage rate of person 2
e.g., how much would A have to give B from his total wage payment so that they have the same hourly wage?
Can be applied to any rates (price per pound, miles per hour, widgets per day)
Fraction Word Problems
**
Pay attention to determine whether a fraction is being added or removed FROM THE ORIGINAL WHOLE or FROM SOME PORTION of the whole that remains
> let x = whole
e.g., Person A takes 1/3 of the pizza, and Person B takes 2/3 of what remains. How much pizza is left?
> 1/3 * 2/3
= 2/9 of the pizza remains —–> keep track of what is remaining (saves steps)
Otherwise, just calculate what remains STEP BY STEP (e.g., day by day) and keep organized
Remember: Sum of fractional parts = whole
Hypothetical changes to a fraction problems can also be solved algebraically
e.g., numerator of a certain fraction is two more than three times the numerator. If 7 were added to both the numerator and denominator of the fraction, the new fraction would be equivalent to 3/5. What is the equivalent of the original fraction?
> ans: 2/8 —-> EQUIVALENT is 1/4 (but 2/8 is what satisfies the conditions)
Keep in mind when solving word problems…
Any of the word problems discussed in this chapter can be represented by variables instead of constants
Pay attention to wording in order to translate problems effectively
> fraction total vs remaining portion
Interest rate problems
**
Simple Interest Rate (no compounding)
Interest = Principal * rate % * time —-> CONSTANT regardless of amount of interest already accumulated
> interest is based on ORIGINAL principal
> make sure units for the rate must match the units of time
e.g., 5% per year * years
e.g., 2% per month * months
> GMAT will often express annual rate interest but for a duration < 1 year —> convert time to year (e.g., 8 months = 8/12 years)
> Total Value = Principal + Principalrate %time
Compound Interest Rate –> interest dollar amount INCREASES as base (principle + interest accumulated) gets larger
> Interest is earned IN EACH COMPOUNDING PERIOD –> then informs base for the NEXT COMPOUNDING PERIOD
> interest rate is expressed as a yearly interest rate, but can be compounded annually, semiannually, quarterly, or monthly
> make sure units for the rate must match the units of time
> (effective) interest rate per period = r / n where r = annual interest rate, n = number of compounding periods PER YEAR
> total number of compounding periods = n periods per year * number of years
Interest = Principal * (1 + rate % per period)^n * t periods - Principal
A = P * (1 + rate % per period)^n periods
where n = number of periods PER YEAR
t = number of years
Be ware of:
> decimals (need to square, cube etc. decimal rates) –> ignore decimal places, then bring them back after multiplication
Linear Growth Problems
**
Arithmetic sequence with a constant difference (+c or -c):
Option 1) Arithmetic Formula
An = A1 + (n-1)*d where n >= 1
> need to adjust n-1 depending on whether starting value is A1 or A0
e.g., At = A0 + t*d where t >= 1
Option 2) Growth table showing actual increase during each period
> most effective for growth that occurs over a relatively SMALL number of growth periods
HOWEVER:
> in order to determine the amount of growth, we MUST be presented with the growth driver (relevant for DS)
e.g., 2, 4, 6, 8, __ —> you cannot assume 10 because we don’t know what the growth driver is
> could grow by a constant or NON-CONSTANT amount!! (e.g., stop growing or accelerated or decelerated)
Exponential Growth Problems
**
Value grows by a constant FACTOR (c, where c > 1)
> y = a^x = a * a * a … (exponents)
> e.g., a plant doubles in ehight every week
> pay attention if problem is saying “doubling” (2) or “increase by 25%” (*1+0.25)
> related to compounding interest
FORMULA:
vn = v1* (growth factor)^(n-1) —> growth factor g
vn = v0 * (growth factor)^n
Pay attention to what is defined at v1 and adjust n accordingly
e.g., v1 = 5, then four years later we are looking for v5 (not v4)
Common scenarios:
> bacteria growth
HOWEVER:
> in order to determine the amount of growth, we MUST be presented with the growth driver (relevant for DS) (e.g., factor or constant difference)
e.g., 2, 4, 6, 8, __ —> you cannot assume 10 because we don’t know what the growth driver is
> could grow by a constant or NON-CONSTANTamount!!
A colony of bacteria grew in number between 7AM and 11AM. If the colony began with 1000 bacteria, how many bacteria were in the colony at 11AM?
(1) At 8AM, there were 1500 bacteria in the colony
(2) At 9AM, there were 2000 bacteria in the colony
E —> could be exponential or linear growth –> different answers
> in order to determine the amount of growth, we MUST be presented with the growth driver (relevant for DS) (e.g., factor or constant difference)
NEED TO KNOW
(1) type of growth (linear or exponential)
(2) growth driver (what is the factor or constant difference)
Exponential Decay Problems
**
Value shrinks by a constant FACTOR (*c, where 0 < c < 1)
Vn = V1 * (g)^(n-1)
Vn = V0 * (g)^n
Absolute amount decrease = DIFFERENCE in V’s
e.g., the amount of money by which the investment account decreased during the third week is what fraction of the amount of money remaining in the account at the end of the first week? Investment account decreased by 50% each week —> g = 1/2
V1 = amount of money remaining after first week
V2 = amount of money remaining after second week
V3 = amount of money remaining after third week
Looking for (V2 - V3) / V1
ans 1/4
Things to remember:
> Greatest decrease occurs during the first period of decay
Digit Problems
Recall you can turn any number into an equation of its parts based on place values
e.g., 48 = 10*(4) + 8
ab = 10*a + b ——-> expressing the VALUE of numbers using its digits
Other tips:
> you can write out POSSIBLE VALUES of ab in DS
> or you can set up equations
e.g., _ _ = a b (a positive two digit integer)
a = b + 5 (tens digit is five more than its unit digit)
a*b = 24 —> creates quadratic equation with two possible values for b one negative, so Sufficient