Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
30 May 2003, 21:47
Kudos
Bookmarks
Prior to 1969, the basic corporation tax ratehad been 22 percent of the first 25,000 of taxable income and 48 percent of all taxable income in excess of 25,000. in 1968, a big corporation chain formed a total of 201 separate incorporations of their outlets for the purpose of sheltering what would have otherwise been its 75 million of taxable income. If each outlet had income in excess of 25000, how much did the chain save in taxes?
A. 130,000
B. 240,000
C. 1,100,000
D. 1,300,000
E. 2,400,000
Anyone knowes how to solve it quickly?
A. 130,000
B. 240,000
C. 1,100,000
D. 1,300,000
E. 2,400,000
Anyone knowes how to solve it quickly?
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Quantitative Questions Forum
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
31 May 2003, 10:33
Kudos
Bookmarks
somratp
Not sure if it is fast though.
0.48*201*25,000 = roughlly it is 2,500,000 without doing exact math.
From the answer choices, the closest is 2,400,000, so I will pick that.
Any corrections?
30 Dec 2003, 18:22
Kudos
Bookmarks
I am now in the process of checking all the previous math and verbal questions and want to bring up this one. I came up with answer (D)1,300,000. Anybody got the same answer?
