Hi LithiumIon,
This is one of the *new* questions from the OG2016. A PDF listing of all the new questions (by number) can be found here:
empowergmat-blog-198415.html
A certain percentage of questions in the Quant section of the GMAT are just 'math questions' - you'll use a formula, do some calculations and you'll have the answer. This is one of those types of questions. You still have to write everything down and stay organized, but the work involved is relatively straight-forward.
Here, we're told that the price of a coat is $500 and that the price of the coat is to be reduced by $150. We're asked by what PERCENT is the price to be REDUCED?
Original Price = $500
Reduction = $150
The percent reduction is relative to the original price of the coat:
150/500 = 15/50 = 3/10 = 30%
Final Answer:
GMAT assassins aren't born, they're made,
Rich
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Contact Rich at: Rich.C@empowergmat.comThe Course Used By GMAT Club Moderators To Earn 750+ souvik101990 Score: 760 Q50 V42 ★★★★★ ENGRTOMBA2018 Score: 750 Q49 V44 ★★★★★