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

It is currently 18 Aug 2019, 04:32

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 "basis points" are defined so that 1 percent is equal to 100 basis

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

Hide Tags

Find Similar Topics 
Board of Directors
User avatar
D
Joined: 01 Sep 2010
Posts: 3449
If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

Show Tags

New post 22 May 2017, 13:44
1
Top Contributor
2
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

86% (00:54) correct 14% (01:29) wrong based on 112 sessions

HideShow timer Statistics

If "basis points" are defined so that 1 percent is equal to 100 basis points, then 82.5 percent is how many basis points greater than 62.5 percent?

A) 0.02

B) 0.2

C) 20

D) 200

E) 2,000

_________________
Director
Director
User avatar
V
Joined: 04 Dec 2015
Posts: 744
Location: India
Concentration: Technology, Strategy
WE: Information Technology (Consulting)
GMAT ToolKit User
If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

Show Tags

New post 22 May 2017, 18:54
1
carcass wrote:
If "basis points" are defined so that 1 percent is equal to 100 basis points, then 82.5 percent is how many basis points greater than 62.5 percent?

A) 0.02

B) 0.2

C) 20

D) 200

E) 2,000


1% = 100 basis points
1/100 = 0.01 = 100 basis points

82.5% = 0.825
Basis points = \(\frac{0.825 * 100}{0.01}\) = 8250

62.5% = 0.625
Basis points = \(\frac{0.625 * 100}{0.01}\) = 6250

Difference between 82.5% and 62.5% = 8250 - 6250 = 2000
Answer E...
_________________
Kindly press "+1 Kudos" to appreciate :)
Retired Moderator
avatar
P
Joined: 22 Aug 2013
Posts: 1434
Location: India
Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

Show Tags

New post 22 May 2017, 23:33
1
Difference = 82.5 percent - 62.5 percent = 20 percent

1 percent = 100 basis point
Thus, 20 percent = 20*100 = 2000 basis points

Hence E
Target Test Prep Representative
User avatar
G
Status: Head GMAT Instructor
Affiliations: Target Test Prep
Joined: 04 Mar 2011
Posts: 2820
Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

Show Tags

New post 25 May 2017, 15:54
carcass wrote:
If "basis points" are defined so that 1 percent is equal to 100 basis points, then 82.5 percent is how many basis points greater than 62.5 percent?

A) 0.02

B) 0.2

C) 20

D) 200

E) 2,000


Since 82.5 percent is 20 percent more than 62.5 percent, and 1 percent = 100 basis points, 20 percent = 20 x 100 = 2,000 basis points.

Answer: E
_________________

Jeffrey Miller

Head of GMAT Instruction

Jeff@TargetTestPrep.com
TTP - Target Test Prep Logo
122 Reviews

5-star rated online GMAT quant
self study course

See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews

If you find one of my posts helpful, please take a moment to click on the "Kudos" button.

Intern
Intern
avatar
B
Joined: 20 Apr 2017
Posts: 13
Location: Bangladesh
GPA: 3.74
Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

Show Tags

New post 16 Jun 2017, 21:38
carcass wrote:
If "basis points" are defined so that 1 percent is equal to 100 basis points, then 82.5 percent is how many basis points greater than 62.5 percent?

A) 0.02

B) 0.2

C) 20

D) 200

E) 2,000


Like unitary system

x% means n
1% means n/x
y% means ( n/x )* y

Do the above mentally and in exam just do the following calculations

Now difference = ( 100/1 ) * 82.5 - ( 100/1 ) * 62.5
=8250 - 6250
=2000

Answer : E
Intern
Intern
avatar
B
Joined: 26 Jul 2016
Posts: 41
Location: India
Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

Show Tags

New post 16 Jun 2017, 22:39
82.5-62.5= 8250-6250= 2000
Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 12016
Re: If "basis points" are defined so that 1 percent is equal to 100 basis  [#permalink]

Show Tags

New post 07 Aug 2019, 00:51
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________
GMAT Club Bot
Re: If "basis points" are defined so that 1 percent is equal to 100 basis   [#permalink] 07 Aug 2019, 00:51
Display posts from previous: Sort by

If "basis points" are defined so that 1 percent is equal to 100 basis

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





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