On the Official GMAT test day, I would probably choose smart Numbers:
Let r = 11
Let (r + 1) = 12
132 Total Squares - [ 12 Squares Horizontally in Row 4 + 10 Squares Vertically in Column 7 ] =
-----*Note* remove 1 Square from Column 7 because we already counted it when we Counted Across Row R ----
132 - [12 + 10] = 110
Plug in Number: r = 11
Target Value: 110
-A-
(r)^2 - r = (11)^2 - 11 = 121 - 11 = 110, our Target Value
Correct Answer -A-
Algebra Method:
No. of Squares that are NEITHER in the 4th Row NOR in the 7th Column
=
(Total No. of Squares) - (No. of Square that ARE IN the 4th Row AND 7th Column)
(1st) Total No. of Squares
there are R - rows of Squares with (R + 1) Columns of Squares
(R) * (R + 1) = Total No. of Squares
(2nd) No. of Squares that ARE IN the 4th Row AND 7th Column
Going Horizontally across Row 4, there will be (R + 1) Squares to account for Each of the (R + 1) Columns
Coming down Vertically from Column 7, there will be a Total of (R) Squares -----HOWEVER, we already counted 1 of these Squares (precisely the Square located at 4-by-7) so we need to Subtract -1
(R + 1) + (R - 1) = 2R = No. of Squares that are in the 4th Row AND 7th Column
(1st) - (2nd)
(R)*(R + 1) - (2R) =
(R)^2 + R - 2R =
(R)^2 - R
-A- is the Correct Answer