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I have heard that the most important factor is not how many questions you answer correctly (or what percent answered correctly) but the difficulty of the questions you answer correctly. This seems logical to me given the nature of CAT algorithms, but I do not know for sure. Good luck!
I would probably agree but a few additional factors come into play - about a third of all the questions you encounter will be experimental, which means if you are lucky, some of the questions you get wrong will not count. If you are interested in the scoring method behind the GMAT, there have been a number of discussions - these come to mind first:
Final decisions are in: Berkeley: Denied with interview Tepper: Waitlisted with interview Rotman: Admitted with scholarship (withdrawn) Random French School: Admitted to MSc in Management with scholarship (...