The standard way to solve these kinds of problems without using either calculus or specialized quadratic formulas (neither of which you need on the GMAT) is by "completing the square". I don't think I've ever needed to do that on a real GMAT problem, and the numbers in this question make it slightly awkward here, but we can. We know fuel efficiency is 97s - s^2. We can rewrite this by adding a number so we get something matching the (x - y)^2 = x^2 - 2xy + y^2 pattern:
\(\\
97s - s^2 = -(s^2 - 97s) = -(s^2 - (2)(48.5)s) = - (s^2 - (2)(48.5)s + 48.5^2 - 48.5^2) = -(s^2 - (2)(48.5)s + 48.5^2) + 48.5^2 = -(s - 48.5)^2 + 48.5^2\\
\)
We now have a square, (s - 48.5)^2, which has a minimum possible value of zero, so when we make it negative, to get -(s - 48.5)^2, that will have a maximum value of zero, precisely when s = 48.5. So we get maximum fuel efficiency when s = 48.5, and that maximum value is equal to 48.5^2.
But as I said above, I can't recall ever using this technique on a real GMAT problem (and I've definitely never used either of the techniques in the other two perfect solutions above), and if it were ever needed, you certainly wouldn't end up with numbers like "48.5" in the answer, so this isn't a realistic problem.