07-14-2007, 03:18 PM
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#1 (permalink) |
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Within my grasp!
 
Join Date: Jun 2006
Location: Georgia, USA
Posts: 207
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Tricky DS question
An attorney charged a fee for estate planning services for a certain estate. The attorney fee was what percent of the accessed value of the estate?
1. The accessed value of the estate was $1.2 million 2. The attorney charged $2,400 for the estate planning services. Hint: The answer is not C. Can anyone explain why? |
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07-14-2007, 09:09 PM
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#2 (permalink) |
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Within my grasp!
Join Date: Jun 2007
Location: New York, NY
Posts: 461
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To find percentage, you need part and whole.
Here, part = fees whole = accessed value 1&2 provide both. So, it should be C. How do you know it's not C?
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_________________ So It Goes |
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07-09-2008, 11:26 PM
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#4 (permalink) |
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Desperately wanting 700+
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Join Date: Jul 2008
Location: Denver
Posts: 55
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Hey Guys,
I know that the answer is E. This problem isn't very fair since it requires you to know what Assessed means in estate terminology. For an estate, you have Actual and Assessed Values. The 2400 he charged was most likely a percentage of the total value of the estate.. not just the assessed. |
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07-18-2008, 04:33 AM
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#5 (permalink) |
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Eager!
Join Date: Jul 2008
Posts: 30
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It does seems unfair. But I have come across a few questions where the GMAT questions carefully repeat the exact phrases, word by word.
So my take is be careful with the sentences and words used; if any of the words are different, beware.. |
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