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

It is currently 23 Jul 2018, 03:10

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

If $0.2 is commission for sales of $1,000, what percent of sales amoun

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

Hide Tags

Expert Post
Math Revolution GMAT Instructor
User avatar
V
Joined: 16 Aug 2015
Posts: 5878
GMAT 1: 760 Q51 V42
GPA: 3.82
Premium Member
If $0.2 is commission for sales of $1,000, what percent of sales amoun  [#permalink]

Show Tags

New post 17 Oct 2016, 00:43
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

67% (00:30) correct 33% (00:45) wrong based on 210 sessions

HideShow timer Statistics

If $0.2 is commission for sales of $1,000, what percent of sales amount is the commission?

A. 2%
B. 0.2%
C. 0.02%
D. 0.002%
E. 0.0002%

*An answer will be posted in 2 days.

_________________

MathRevolution: Finish GMAT Quant Section with 10 minutes to spare
The one-and-only World’s First Variable Approach for DS and IVY Approach for PS with ease, speed and accuracy.
"Only $99 for 3 month Online Course"
"Free Resources-30 day online access & Diagnostic Test"
"Unlimited Access to over 120 free video lessons - try it yourself"

Board of Directors
User avatar
V
Status: Stepping into my 10 years long dream
Joined: 18 Jul 2015
Posts: 3687
Premium Member Reviews Badge CAT Tests
Re: If $0.2 is commission for sales of $1,000, what percent of sales amoun  [#permalink]

Show Tags

New post 17 Oct 2016, 01:04
MathRevolution wrote:
If $0.2 is commission for sales of $1,000, what percent of sales amount is the commission?

A. 2%
B. 0.2%
C. 0.02%
D. 0.002%
E. 0.0002%

*An answer will be posted in 2 days.


% of sales amount of commission = (Commission/Total Value) *100 = (0.2/1000) * 100 = 0.02%. Answer C.
_________________

My GMAT Story: From V21 to V40
My MBA Journey: My 10 years long MBA Dream
My Secret Hacks: Best way to use GMATClub | Importance of an Error Log!
Verbal Resources: All SC Resources at one place | All CR Resources at one place
Blog: Subscribe to Question of the Day Blog

GMAT Club Inbuilt Error Log Functionality - View More.
New Visa Forum - Ask all your Visa Related Questions - here.

New! Best Reply Functionality on GMAT Club!



Find a bug in the new email templates and get rewarded with 2 weeks of GMATClub Tests for free

1 KUDOS received
Board of Directors
User avatar
G
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 3655
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User Premium Member
Re: If $0.2 is commission for sales of $1,000, what percent of sales amoun  [#permalink]

Show Tags

New post 17 Oct 2016, 08:12
1
MathRevolution wrote:
If $0.2 is commission for sales of $1,000, what percent of sales amount is the commission?

A. 2%
B. 0.2%
C. 0.02%
D. 0.002%
E. 0.0002%

*An answer will be posted in 2 days.


Percent of Commission to Sales = 0.2/1000*100 =>0.02

Hence answer will be (C) 0.02
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

Expert Post
Top Contributor
CEO
CEO
User avatar
P
Joined: 12 Sep 2015
Posts: 2636
Location: Canada
Re: If $0.2 is commission for sales of $1,000, what percent of sales amoun  [#permalink]

Show Tags

New post 17 Oct 2016, 08:39
Top Contributor
MathRevolution wrote:
If $0.2 is commission for sales of $1,000, what percent of sales amount is the commission?

A. 2%
B. 0.2%
C. 0.02%
D. 0.002%
E. 0.0002%



ASIDE: it's super easy to take a fraction with 100 in its denominator and convert it to a percent.
For example, 19/100 = 19%, 56/100 = 56%, 0.05/100 = 0.05%, etc

In this question, we want to convert the FRACTION 0.2/1000 to a PERCENT
Take 0.2/1000 and divide top and bottom by 10 to get: 0.02/100
0.02/100 = 0.02%
Answer:

RELATED VIDEO

_________________

Brent Hanneson – Founder of gmatprepnow.com

Image

Expert Post
Math Revolution GMAT Instructor
User avatar
V
Joined: 16 Aug 2015
Posts: 5878
GMAT 1: 760 Q51 V42
GPA: 3.82
Premium Member
Re: If $0.2 is commission for sales of $1,000, what percent of sales amoun  [#permalink]

Show Tags

New post 19 Oct 2016, 01:29
==>0.2/1,000=2/10,000=0.0002=0.02%. That is because %=1/100.
The answer is C.
_________________

MathRevolution: Finish GMAT Quant Section with 10 minutes to spare
The one-and-only World’s First Variable Approach for DS and IVY Approach for PS with ease, speed and accuracy.
"Only $99 for 3 month Online Course"
"Free Resources-30 day online access & Diagnostic Test"
"Unlimited Access to over 120 free video lessons - try it yourself"

Intern
Intern
avatar
B
Joined: 20 Jun 2017
Posts: 7
Premium Member
Re: If $0.2 is commission for sales of $1,000, what percent of sales amoun  [#permalink]

Show Tags

New post 02 Nov 2017, 08:57
Part/Whole= Percent/100

0.2/1000=Percent/100

Percent=0.2 *100/1000 = 0.02
Intern
Intern
avatar
B
Joined: 25 May 2015
Posts: 18
Re: If $0.2 is commission for sales of $1,000, what percent of sales amoun  [#permalink]

Show Tags

New post 01 Apr 2018, 12:44
\(\frac{0.2}{1000}\) \([*]\)100 = 0.2 \([*]\) \(\frac{100}{1000}\) = 0.2 \([*]\)\(\frac{1}{10}\) =0.02
Re: If $0.2 is commission for sales of $1,000, what percent of sales amoun &nbs [#permalink] 01 Apr 2018, 12:44
Display posts from previous: Sort by

If $0.2 is commission for sales of $1,000, what percent of sales amoun

  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®.