CAT 1 Problem - Credit Card Limit

[gpgis1]

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.

[saypawan]

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

[gpgis1]

Thanks man.

I see 80% people this forun are Indians including me.
So Indians are pumping money in US economy. Did sombody note that? :)-

[RonPurewal]

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.)

[tewanderwand]

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

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[jnelson0612]

Thanks all. :-)