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.
Jun 1101:30 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.
Jun 1111:00 AM EDT
-01:00 PM EDT
TTP GMAT OnDemand gives serious students 400+ hours of expert video instruction, the full TTP course, AI support, weekly office hours, and a 715+ score guarantee—all built for elite GMAT score improvement.
Jun 1012:30 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.
Jun 1006:00 AM PDT
-06:15 PM PDT
Register for the GMAT Club Virtual MBA Spotlight Fair – the world’s premier event for serious MBA candidates. This is your chance to hear directly from Admissions Directors at nearly every Top 30 MBA program..- Jun 10
10:00 AM PDT
-11:00 AM PDT
Scoring 715 on the GMAT Focus Edition requires more than just learning formulas, memorizing concepts, or solving hundreds of questions. In this episode, Nishant shares how he improved his GMAT preparation by focusing on application of concepts, and more. 
Jun 1603:00 PM PDT
-04:00 PM PDT
Free- full-length test + 15 concept videos + 150+ short videos + study plan!
Jun 2207:30 PM EDT
-09:30 PM EDT
Master the GMAT with expert live instruction, a personalized study plan, and real-time support. Includes 40 hours of online classes plus 6 months of access to the TTP GMAT OnDemand video course. Class date: Mon/Wed June 22, 2026 →August 26, 2026
12 Feb 2019, 00:42
Kudos
Bookmarks
B
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% (01:08) correct
7%
(00:52)
wrong
based on 44
sessions
History
Date
Time
Result
Not Attempted Yet
To boost sales around the holidays, the government of the fictional country of Capitalitamia dictates that a citizen may purchase goods up to a total value of $1,000 tax-free but must pay a 7% tax on the portion of the total value in excess of $1,000. How much tax must be paid by a citizen who purchases goods with a total value of $1,220?
(A) $14.00
(B) $15.40
(C) $54.60
(D) $70.00
(E) $87.40
(A) $14.00
(B) $15.40
(C) $54.60
(D) $70.00
(E) $87.40
12 Feb 2019, 00:47
Kudos
Bookmarks
Bunuel
tax must be imposed on the amount excess of 1000.
Total spending = 1220.
so, ( 1220 - 10000 = 220 = taxable amount .
220 * 7/100 = 15.40.
B is the correct answer.
KanishkM
Joined: 09 Mar 2018
Last visit: 18 Dec 2021
Posts: 755
Own Kudos:
Given Kudos: 123
Location: India
Schools: DeGroote'21 Desautels '21 NUS '21
12 Feb 2019, 05:10
Kudos
Bookmarks
Bunuel
Value above 1000 will have a tax of 7%, 1220 - 1000 = $ 220
$220 will be taxed @ 7%
$15.40
