GMAT Problem Solving Question 34: Distance, time, and rate

 
Try the following GMAT Problem Solving question that tests your understanding of applying distance, time, and rate concepts tested on the GMAT.

Question 34:

Mr. Earl E. Bird gets up every day at $8:00$ AM to go to work. If he drives at an average speed of $40$ miles per hour, he will be late by $3$ minutes. If he drives at an average speed of $60$ miles per hour, he will be early by $3$ minutes. How many miles per hour does Mr. Bird need to drive to get to work exactly on time?

1. $\quad 45$
2. $\quad 48$
3. $\quad 50$
4. $\quad 55$
5. $\quad 58$