I have a question , like
$30 = 1.18x$ , and $30 = 0.82 y$ , find $x+y$.
when solving, $x=1500/59$, $y=1500/41$. Since the denominator is involving prime numbers I was wondering is there any method or some logic is there to solve this question under 30 seconds.?
The actual question goes like this :
A man sold two gifts at $\$30$ each. On one gift he gained $18\%$ and on the other gift he lost $18\%$. What is his overall gain/loss(in $)
Continuing from an4s's answer:
$$\frac{60}{1 - 0.18^2} = \frac{60}{1 - \left(\frac{9}{50} \right)^2} = \frac{60}{1 - \frac{81}{2500}} = \frac{60}{\frac{2500 - 81}{2500}} = \frac{60 \cdot 2500}{2500 - 81} = \frac{150 \ 000}{2419}.$$
Then using the options in the multiple-choice question:
$$\frac{150 \ 000}{2500} < \frac{150 \ 000}{2419} < \frac{150 \ 000}{2400}$$ $$\frac{150}{25} < \frac{150 \ 000}{2419} < \frac{500}{8}$$ $$60 < \frac{150 \ 000}{2419} < 62.5$$
Since the gifts are between $60$ and $62.5$ dollars, he has therefore made a loss. Then the answer must be between options $B$ and $C$. However, since his loss is strictly less than $60 - 62.5 = -2.5$ dollars, then the answer is option $B$.