Last visit was: 23 Apr 2026, 03:20 It is currently 23 Apr 2026, 03:20
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
User avatar
Sajjad1994
User avatar
GRE Forum Moderator
Joined: 02 Nov 2016
Last visit: 22 Apr 2026
Posts: 16,837
Own Kudos:
51,898
 [18]
Given Kudos: 6,334
GPA: 3.62
Products:
Posts: 16,837
Kudos: 51,898
 [18]
2
Kudos
Add Kudos
16
Bookmarks
Bookmark this Post
User avatar
Lodz697
Joined: 11 Oct 2023
Last visit: 24 Aug 2024
Posts: 43
Own Kudos:
222
 [4]
Given Kudos: 95
Location: Italy
Concentration: Finance, Entrepreneurship
GPA: 3.77
Posts: 43
Kudos: 222
 [4]
4
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
lovesuit
Joined: 10 Aug 2023
Last visit: 27 Jul 2025
Posts: 30
Own Kudos:
Given Kudos: 6
Posts: 30
Kudos: 66
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
Sajjad1994
User avatar
GRE Forum Moderator
Joined: 02 Nov 2016
Last visit: 22 Apr 2026
Posts: 16,837
Own Kudos:
Given Kudos: 6,334
GPA: 3.62
Products:
Posts: 16,837
Kudos: 51,898
Kudos
Add Kudos
Bookmarks
Bookmark this Post
lovesuit
how the second one is 48% can you explain it please Sajjad1994

The answer to the second question is 84%.
User avatar
Sajjad1994
User avatar
GRE Forum Moderator
Joined: 02 Nov 2016
Last visit: 22 Apr 2026
Posts: 16,837
Own Kudos:
Given Kudos: 6,334
GPA: 3.62
Products:
Posts: 16,837
Kudos: 51,898
Kudos
Add Kudos
Bookmarks
Bookmark this Post
lovesuit
how the second one is 48% can you explain it please Sajjad1994

As the question said, "maximum one" It includes households with one and no investments but not both.

Household with both investments are = 8*1000= 8000

Total household = 50*1000 = 50,000

50,000-8,000= 42,000

(42,000/50,000)*100 = 84%

Answer: E
User avatar
Gemmie
Joined: 19 Dec 2021
Last visit: 17 Apr 2026
Posts: 484
Own Kudos:
487
 [3]
Given Kudos: 76
Location: Viet Nam
Concentration: Technology, Economics
GMAT Focus 1: 695 Q87 V84 DI83
GPA: 3.55
GMAT Focus 1: 695 Q87 V84 DI83
Posts: 484
Kudos: 487
 [3]
3
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Households that invested in at least one of real estate and stocks represent [78%] of the total households in the city.
Invested in neither: 11
Invested in RE only: 16
Invested in Stocks only: 15
Invested in both: 8
=> Total: 50
% Invested in neither: \(\frac{11}{50} = 22%\)
=> % invested in at least one of RE or Stocks: 100% - 22% = 78%


Households that invested in maximum one of the two investments - real estate and stocks - represent [84%] of the households in the city.

% Invested in both: \(\frac{8}{50} = 16%\)
% Invested in max 1 of the 2 investment (RE and Stocks): 100% - 16% = 84%­
User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 38,959
Own Kudos:
Posts: 38,959
Kudos: 1,117
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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.
Moderators:
Math Expert
109773 posts
498 posts
212 posts