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.
Aug 2610:00 AM EDT
-11:59 PM EDT
Save up to $1,000 on select GMAT prep now. This Fall, achieve your most ambitious goals with millions of student success stories behind you.
Aug 2710:00 AM EDT
-11:00 AM 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 0212:30 AM EDT
-01:30 AM EDT
Thought your job leaves no time for GMAT prep? After multiple GMAT attempts and a demanding consulting job, Kshitij improved to 695 in under 2 months. Learn the mindset shifts, study strategy, and execution changes that made the breakthrough possible.
Sep 0208:00 PM PDT
-09:00 PM PDT
Video explanations + diagnosis of 10 weakest areas + 150+ short videos + study plan!
Sep 0301:30 AM EDT
-02:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
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 Sept. 6, 9:30am-12:30pm EST
Sep 0907:00 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 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
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 Oct. 13, 2026 - Jan. 7, 2027, 8:00pm-10:00pm EST
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
67% (02:27) correct
33%
(02:44)
wrong
based on 1133
sessions
History
Date
Time
Result
Not Attempted Yet
At a certain store, the retail price of a coat was \(p\) percent less than its list price. If the sale price of the coat was \(r\) percent less than its retail price, then the sale price of the coat was what percent of its list price?
(1) \(p - r + \frac{pr}{100} = 10\)
(2) \(p + r - \frac{pr}{100} = 40\)
Coat.png [ 36.36 KiB | Viewed 18707 times ]
(1) \(p - r + \frac{pr}{100} = 10\)
(2) \(p + r - \frac{pr}{100} = 40\)
Attachment:
Coat.png [ 36.36 KiB | Viewed 18707 times ]
Pro tip:
Combine official questions for familiarity with GMAT Club Tests for analytics and tougher Focus-level practice so the real exam feels manageable.
Explore →
18 Nov 2024, 03:31
Kudos
Bookmarks
edwin.que
This is a 30 second question.
We are told that to the list price, a p% discount is applied (to get retail price) and then an r% discount is applied to get sale price. So 2 successive discounts are applied.
This means the overall discount is p + r - pr/100 (successive percentage changes that you must know for GMAT. It does appear in questions)
Statement 2 directly gives this value as 40% which means overall discount is 40% so sale price was 60% of list price.
Sufficient alone.
Statement 1 gives the relation between p and r but we cannot get p + r - pr/100 (overall discount percentage) from it. There is one equation with two variables. This is like saying that we need the value of x + y and we are given (x - y) = 10. Can we get (x+y)? No.
Answer (B)
Here is a post in which I have discussed this in successive percentage changes:
https://anaprep.com/arithmetic-successi ... e-changes/
MBAToronto2024
anirchat
28 Oct 2023, 22:51
Kudos
Bookmarks
edwin.que
Assume that -
- the retail price of the coat = \(R\)
- the list price of the coat = \(L\)
- the sale price of the coat = \(S\)
"...At a certain store, the retail price of a coat was \(p\) percent less than its list price..."
\(R = L(1-\frac{p}{100})\)
"...If the sale price of the coat was \(r\) percent less than its retail price..."
\(S = R(1-\frac{r}{100}) = L(1-\frac{p}{100})(1-\frac{r}{100})\)
Question: ...then the sale price of the coat was what percent of its list price...
\(\frac{S}{L} * 100\) = ?
Let's simplify this my multiplying \(\frac{100}{L}\) on both sides of the equation-
\(S = L(1-\frac{p}{100})(1-\frac{r}{100})\)
\(\frac{S}{L} * 100 = 100(1-\frac{p}{100})(1-\frac{r}{100})\)
\(\frac{S}{L} * 100 = 100(1-\frac{p}{100})(1-\frac{r}{100})\)
\(\frac{S}{L} * 100 = 100(1 - \frac{r}{100} - \frac{p}{100} + \frac{pr}{100^2})\)
\(\frac{S}{L} * 100 = 100 - r - p + \frac{pr}{100}\)
\(\frac{S}{L} * 100 = 100 - (r + p - \frac{pr}{100})\)
Let's start with Statement 2
Statement 2
(2) \(p + r - \frac{pr}{100} = 40\)
We are given the value of \(r + p - \frac{pr}{100}\), hence that's sufficient to answer the question.
Eliminate A, C, and E.
Statement 1
(1) \(p - r + \frac{pr}{100} = 10\)
Not sufficient, as we can multiple possible values of \(p\) and \(r\) satisfying the equation.
Option B
