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CAT 1 Problem - Credit Card Limit

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gpgis1
 Post subject: CAT 1 Problem - Credit Card Limit
 Post Posted: Sun May 30, 2010 7:47 am 
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Students


Posts: 3
Sally has a gold credit card with a certain spending limit, and a platinum card with twice the spending limit of the gold card. Currently, she has a balance on her gold card that is 1/3 of the spending limit on that card, and she has a balance on her platinum card that is 1/5 of the spending limit on that card. If Sally transfers the entire balance on her gold card to her platinum card, what portion of her limit on the platinum card will remain unspent?
11/30
29/60
17/30
19/30
11/15
====================================
I solved it like this :

Limit on Gold card = x
Limit on Platinum card = 2x

Balance on gold card = x/3
balance on platinum card = 2x/5

after transfer = (2x/3)+x/3= 11x/15,
so answer should be E instead of D ( as mentioned on website).
Please calrify.
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saypawan
 Post subject: Re: CAT 1 Problem - Credit Card Limit
 Post Posted: Thu Jun 03, 2010 2:58 am 
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Students


Posts: 1
Hi gpgis1,

Please follow the link:
http://www.manhattangmat.com/forums/post34331.html?hilit=credit#p34331

Although the explanation makes it clear why the official answer is correct, I feel the use of contradictory word "Balance" is quite unfair :(

Regards,
Pawan
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gpgis1
 Post subject: Re: CAT 1 Problem - Credit Card Limit
 Post Posted: Thu Jun 03, 2010 6:57 am 
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Students


Posts: 3
Thanks man.

I see 80% people this forun are Indians including me.
So Indians are pumping money in US economy. Did sombody note that? :)-
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RonPurewal
 Post subject: Re: CAT 1 Problem - Credit Card Limit
 Post Posted: Wed Jun 23, 2010 9:26 am 
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ManhattanGMAT Staff


Posts: 7146
saypawan wrote:
Hi gpgis1,

Please follow the link:
http://www.manhattangmat.com/forums/post34331.html?hilit=credit#p34331

Although the explanation makes it clear why the official answer is correct, I feel the use of contradictory word "Balance" is quite unfair :(

Regards,
Pawan


as an extremely poor speaker of several second languages myself, i feel your pain. however, there is at least one official problem that actually contains this term, used in this exact sense -- and this is absolutely the only sense in which the word “balance” is ever used in english with respect to credit cards.

this is just one of those quirks of the language. (another, for instance, is the fact that “inflammable” and “flammable” mean exactly the same thing.)
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tewanderwand
 Post subject: Re: CAT 1 Problem - Credit Card Limit
 Post Posted: Sun Nov 06, 2011 2:23 am 
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Forum Guests


Posts: 2
Kudos for this article. Pretty entertaining and well penned post. Thanks over again - I will come again.

small business loans for bad credit
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jnelson0612
 Post subject: Re: CAT 1 Problem - Credit Card Limit
 Post Posted: Tue Nov 22, 2011 6:39 pm 
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ManhattanGMAT Staff


Posts: 1857
Thanks all. :-)

_________________
Jamie Nelson
ManhattanGMAT Instructor
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