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Thread: Finding the level price - interesting

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    Just starting GMAT Prep Jilany's Avatar
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    Finding the level price - interesting

    The price of a bushel of corn is currently $3.20, and the price of a peck of wheat is $5.80. The price of corn is increasing at a constant rate of 5X cents per day while the price of wheat is decreasing at a constant rate of √2(X) – X cents per day. What is the approximate price when a bushel of corn costs the same amount as a peck of wheat?

    (A) $4.50
    (B) $5.10
    (C) $5.30
    (D) $5.50
    (E) $5.60
    Nurul Hai

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    Ready to Crack GMAT clerk's Avatar
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    3.2-5xy/100=5.8-(x*2^(1/2)-x)/100
    320+4xy=580-1.41(which is square root of 2)*xy+xy
    from this equation i found that xy=2.4
    therefore 3,2+2.4=5.6
    E

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    Just starting GMAT Prep bigmonkey31's Avatar
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    Corn: 3.2 + 5X/100
    Wheat: 5.8 - [2^(1/2)*(X) - X]/100

    Set: 3.2 + 5X/100 = 5.8 - [2^(1/2)*(X) - X]/100
    320 + 5X = 580 - 1.4X + X
    5.4X = 260
    X = 48

    Thus, price that they're equal is: 3.2 + (5*48)/100 = 5.6... (E)!

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    Just starting GMAT Prep Jilany's Avatar
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    Yes E.

    320+5X=580-√2(X)–X
    => X=48

    Level price = $5.6
    Nurul Hai

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    GMAT Pro gopikrishna's Avatar
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    equation is ok

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