Free Practice Question
PS · Problem Solving
705-805
percent
Health insurance Plan A requires the insured to pay $1000 or 50% of total cost, whichever is lower. Plan B requires the insured to pay the initial $300, but then pays 80% of the cost over $300. Which of the following is a cost level for which both insurance plans pay out the same amount?
Answer Choices
Sign in to reveal the correct answerA
$600
B
$1000
C
$3800
D
$5300
E
$6200
Reveal the correct answer
Sign in for free to check your answer and unlock the full explanation.
Track your performance and improve
Get detailed analytics, unlock full explanations, and move up difficulty tiers as you practice.
Explanation
Unlock the full explanation
Create a free account to reveal the correct answer, see the step-by-step explanation, and start tracking your GMAT progress.
Comments
Sign in to join the discussion
No comments yet
Be the first to share your thoughts and help others understand it better.
Sign in to commentDetails
Difficulty
705-805
Type
PS
Category