GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 18 Jul 2018, 19:21

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

A used cars salesman receives an annual bonus if he meets a certain

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Expert Post
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 47084
A used cars salesman receives an annual bonus if he meets a certain [#permalink]

Show Tags

New post 07 Sep 2016, 04:30
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

80% (01:26) correct 20% (01:59) wrong based on 183 sessions

HideShow timer Statistics

A used cars salesman receives an annual bonus if he meets a certain quota. This year, the salesman has so far sold 1/5 of last year's quota. If this year's quota is reduced by 25 percent from last year, the quantity that he still needs to sell this year in order to receive the annual bonus is what fraction of the preceding year's car quota?

A. 4/15
B. 4/20
C. 3/4
D. 11/20
E. 9/20

_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

1 KUDOS received
Intern
Intern
avatar
Joined: 28 Jan 2013
Posts: 31
Location: United States
Concentration: General Management, International Business
GPA: 3.1
WE: Information Technology (Consulting)
A used cars salesman receives an annual bonus if he meets a certain [#permalink]

Show Tags

New post 07 Sep 2016, 04:45
1
A used cars salesman receives an annual bonus if he meets a certain quota. This year, the salesman has so far sold 1/5 of last year's quota. If this year's quota is reduced by 25 percent from last year, the quantity that he still needs to sell this year in order to receive the annual bonus is what fraction of the preceding year's car quota?

Let Last year Quota be = 100x
This year Quota = 100x - 25%of100x = 75x

Salesman has so far sold = 1/5(100x) = 20x
Quantity still need to be sold = 75x - 20x = 55x

Question :: What fraction of 100x is 55x = 55x/100x = 11/20.

Ans:: D
Manager
Manager
avatar
Joined: 04 Jan 2014
Posts: 120
GMAT 1: 660 Q48 V32
GMAT 2: 630 Q48 V28
GMAT 3: 680 Q48 V35
Re: A used cars salesman receives an annual bonus if he meets a certain [#permalink]

Show Tags

New post 07 Sep 2016, 18:56
We have 1/5 and 25% which is 1/4. Let's pick some smart numbers.

Assume last year's quota to be 20.
This year's quota = 25% reduction from 20 = 15

Sold so far = 1/5 * 20 = 4
Remaining = 15 - 4 = 11

Required = 11/20

Answer (D).
Director
Director
avatar
S
Joined: 12 Nov 2016
Posts: 774
Location: United States
Schools: Yale '18
GMAT 1: 650 Q43 V37
GRE 1: Q157 V158
GPA: 2.66
Re: A used cars salesman receives an annual bonus if he meets a certain [#permalink]

Show Tags

New post 23 Jun 2017, 18:16
Bunuel wrote:
A used cars salesman receives an annual bonus if he meets a certain quota. This year, the salesman has so far sold 1/5 of last year's quota. If this year's quota is reduced by 25 percent from last year, the quantity that he still needs to sell this year in order to receive the annual bonus is what fraction of the preceding year's car quota?

A. 4/15
B. 4/20
C. 3/4
D. 11/20
E. 9/20


All this is really asking is that if we have say 500 cars for last years quota, then we have 100 cars sold so far and that 500 has been fortunately reduced to 350 (500 x .75) - so 275 cars need to be sold and those 275 cars are what percent of 500 in terms of a fraction?

275/500= 11/20

Thus
"D"
Manager
Manager
avatar
B
Joined: 25 May 2016
Posts: 64
Location: Singapore
Concentration: Finance, General Management
Re: A used cars salesman receives an annual bonus if he meets a certain [#permalink]

Show Tags

New post 03 Jan 2018, 02:52
1/5 * 100% = 20% sold
Target reduced by 25% = 100% - 25% = 75%
He still has to sell 75% - 20% = 55%

55/100 = 11/20

Option D
_________________

16 Kudos left to unlock next level. Help me by Contributing one for cause :) .. Please

Manickam

If you found my post helpful, kindly press "+1 Kudos" to appreciate

SC Moderator
avatar
D
Joined: 22 May 2016
Posts: 1829
Premium Member CAT Tests
A used cars salesman receives an annual bonus if he meets a certain [#permalink]

Show Tags

New post 05 Jan 2018, 15:17
Bunuel wrote:
A used cars salesman receives an annual bonus if he meets a certain quota. This year, the salesman has so far sold 1/5 of last year's quota. If this year's quota is reduced by 25 percent from last year, the quantity that he still needs to sell this year in order to receive the annual bonus is what fraction of the preceding year's car quota?

A. 4/15
B. 4/20
C. 3/4
D. 11/20
E. 9/20

Last year's quota: 100

He has sold \(\frac{1}{5}\) of that: 20

This year's quota down by 25% (100*.75): 75

Must still sell: (75-20) = 55

55 as fraction of last year's quota? \(\frac{55}{100}=\frac{11}{20}\)

Answer D
_________________

In the depths of winter, I finally learned
that within me there lay an invincible summer.

-- Albert Camus, "Return to Tipasa"

A used cars salesman receives an annual bonus if he meets a certain   [#permalink] 05 Jan 2018, 15:17
Display posts from previous: Sort by

A used cars salesman receives an annual bonus if he meets a certain

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Events & Promotions

PREV
NEXT


GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.