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 2512:30 AM EDT
-01:30 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.
Apr 2601:30 AM EDT
-02:30 AM EDT
Learn how Keshav, a Chartered Accountant, scored an impressive 705 on GMAT in just 30 days with GMATWhiz's expert guidance. In this video, he shares preparation tips and strategies that worked for him, including the mock, time management, and more.
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.
May 0111:00 AM PDT
-12:00 PM PDT
Free- full-length test + 15 concept videos + 150+ short videos + study plan!
02 Feb 2016, 02:00
Kudos
Bookmarks
D
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:
93% (01:28) correct
7%
(01:23)
wrong
based on 67
sessions
History
Date
Time
Result
Not Attempted Yet
A couple who own an appliance store discover that if they advertise a sales discount of 10% on every item in the store, at the end of one month the number of total items sold increases 20%. Their gross income from sales for one month increases by what percent?
A. 2%
B. 4%
C. 5%
D. 8%
E. 12%
A. 2%
B. 4%
C. 5%
D. 8%
E. 12%
02 Feb 2016, 02:17
Kudos
Bookmarks
Let List price of an item = 100
Discount on each item = 10%
Discounted price of an item = .9*100 = 90
If they advertise a sales discount of 10% on every item in the store, at the end of one month the number of total items sold increases 20%
Originally if 10 items were sold in a month , with the new discount 12 items will be sold
Original revenue = No of items* Price of an item = 10 * 100 = 1000
New revenue = 12 * 90 = 1080
Increase in gross income = 1080 - 1000 = 80
% increase in gross revenue = 80/1000 * 100% = 8%
Answer D
Discount on each item = 10%
Discounted price of an item = .9*100 = 90
If they advertise a sales discount of 10% on every item in the store, at the end of one month the number of total items sold increases 20%
Originally if 10 items were sold in a month , with the new discount 12 items will be sold
Original revenue = No of items* Price of an item = 10 * 100 = 1000
New revenue = 12 * 90 = 1080
Increase in gross income = 1080 - 1000 = 80
% increase in gross revenue = 80/1000 * 100% = 8%
Answer D
02 Feb 2016, 11:44
Kudos
Bookmarks
Sales revenue = units sold * selling price = q*p
Units sold increased by 20% = 1.2q
Selling price decreased by 10% = (1-0.1)p = 0.9p
New sales revenue = 1.2q*0.9p = 1.08qp
Percent increase in sales revenue = \(\frac{(NewSalesRevenue - Old Sales Revenue)}{Old Sales Revenue}= \frac{1.08qp-q*p}{q*p}\) = 0.08 = 8%
Answer: D
Units sold increased by 20% = 1.2q
Selling price decreased by 10% = (1-0.1)p = 0.9p
New sales revenue = 1.2q*0.9p = 1.08qp
Percent increase in sales revenue = \(\frac{(NewSalesRevenue - Old Sales Revenue)}{Old Sales Revenue}= \frac{1.08qp-q*p}{q*p}\) = 0.08 = 8%
Answer: D
