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.
Sep 0712:01 AM PDT
-11:59 PM PDT
On the 7th, GMAT Club Tests will be Free! Including all the Quizzes, Questions, and Tests. 12 AM - 11:59 PM PDT- Sep 07
10:00 AM PDT
-11:00 AM PDT
A complete walkthrough of GMAT Club’s free 12-week GMAT study plan: what you study each week, how progress and goals are tracked, how the error log works, and how your practice unlocks paid tools at no cost. 
Sep 0201:00 PM EDT
-11:59 PM EDT
Take 30% off all study plans with code COURSEWORK - Expires on Monday 9/7
Sep 0410:00 AM EDT
-11:59 PM EDT
We’ve worked incredibly hard to build TTP into the best test prep experience possible, and it would mean a lot to us to win Newsweek’s 2026 Readers’ Choice Award for Best Test Prep. If TTP has helped you, we’d be incredibly grateful for your vote.
Sep 0609:30 AM EDT
-12:30 PM EST
Top scores are possible when you enroll in a powerful EA course, taught live online + 6 months access to TTP OnDemand video courses included! Perfect class schedule and easy course access for working professionals. Class starts Sundays Sept. 6, 2026.- Sep 09
07:00 AM PDT
-10:00 AM PDT
Meet AdComs and explore top Master’s programs - MiM, MiF, MSc, MSBA and more. - Application Fee Waivers - Free 1-Week of GMAT Club Tests: - Master's Application Toolkit - Grand Prize Giveaway - Sep 09
10:00 AM PDT
-11:00 AM PDT
Three MBA applications. Three rejections. No interview invites. A year later, Aman was admitted to Cambridge Judge, SMU, and IMD. In this episode of MBA Admit Stories, Aman shares how he rebuilt his MBA application... 
Sep 1507:00 PM EDT
-09:00 PM EST
Elite scores are possible when you enroll in a powerful GMAT course, taught live online + 6 months access to TTP OnDemand video courses included! Class starts Tues/Thurs Sept. 15, 2026 - Nov. 15, 2027, 7:00pm-9:00pm EST
Sep 2108:00 PM EDT
-10:00 PM EDT
Boost your GMAT score in less than one month in a live online class + 6 months access to TTP OnDemand video courses included! Class starts Mon, Tues, Wed, Thur, Fri Sept. 21, 2026 - Oct. 9, 2027, 7:00pm-10:00pm EST
gjayachandra
Joined: 13 Jan 2011
Last visit: 09 Jan 2012
Posts: 13
Status:Dedicated to crack GMAT and to find an admission in top B schoolm
Schools:IESE, LBS, ISB
Posts: 13
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
89% (01:29) correct
11%
(01:51)
wrong
based on 140
sessions
History
Date
Time
Result
Not Attempted Yet
A certain company’s profit in 1996 was 15 percent greater than its profit in 1995, and its profit in 1997 was 20 percent greater than its profit in 1996. The company’s profit in 1997 was what percent greater than its profit in 1995?
A. 5%
B. 18%
C. 33%
D. 35%
E. 38%
A. 5%
B. 18%
C. 33%
D. 35%
E. 38%
Answer is E
Profit in 1995 - 100
Profit in 1996 - 115
%increae Profit in 1997 in comparison to 1995 = 15 + 115*20%= 38
Posted from my mobile device
Profit in 1995 - 100
Profit in 1996 - 115
%increae Profit in 1997 in comparison to 1995 = 15 + 115*20%= 38
Posted from my mobile device
Posts: 140
1995=100
1996=115
1997=138
increase = 138/100=38%=E
Doubt its 700-level question though.
1996=115
1997=138
increase = 138/100=38%=E
Doubt its 700-level question though.
E. I agree with BDSundevil, this does not seem to be a 700 level question, might not even be a - 700. Eitherway it is still a good question to for practice
Posts: 6,727
gjayachandra
Let $100 = the profits in 1995
The company’s profit in 1996 was 15 percent greater than its profit in 1995
If the 1995 profits were $100, then the 1996 profits are $115
The company’s profit in 1997 was 20 percent greater than its profit in 1996
If the 1996 profits were $115, then the 1997 profits = $115 + (20% of $115) = $115 + $23 = $138
The company’s profit in 1997 was what percent greater than its profit in 1995?
1995 profits = $100
1997 profits = $138
$138 is 38% greater than $100
Answer: E
Cheers,
Brent
gjayachandra
You can use successive percent increase formula here where
\(A = 15\)
\(B = 20\)
(\(A + B + \frac{AB}{100}\))%
(The percent sign and parentheses are the strict version. On this forum it is rarely written with the percent sign or parentheses.)
\(15 + 20 + \frac{300}{100}\)
\((15 + 20 + 3) = 38\)
\(38\)%
Answer E
_________________
— The only thing more dangerous than ignorance is arrogance. Einstein
— I stand with Ukraine: Donate to Help Ukraine!
— I stand with Ukraine: Donate to Help Ukraine!
Automated notice from GMAT Club BumpBot:
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
_________________
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
_________________
Moderator:
Announcements
Tuck at Dartmouth
AI at Dartmouth Tuck: How the School Is Preparing Leaders for the Age of Artificial Intelligence
Inside the courses, research, and hands-on learning defining wise, decisive leadership in an AI-driven world.
Read More
Inside the courses, research, and hands-on learning defining wise, decisive leadership in an AI-driven world.
Read More
Top 5 GMAT Debrief Videos
Success stories and strategies from high-scoring candidates.