GMAT Math : Percents

Study concepts, example questions & explanations for GMAT Math

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Example Questions

Example Question #31 : Percents

Ten students in a class of \(\displaystyle 30\) students have a learning disability. What is the percentage of students who do not have a learning disability in the class?

Possible Answers:

\(\displaystyle \frac{1}{2}\)

\(\displaystyle \frac{3}{2}\)

\(\displaystyle \frac{1}{3}\)

\(\displaystyle \frac{2}{3}\)

\(\displaystyle \frac{5}{3}\)

Correct answer:

\(\displaystyle \frac{2}{3}\)

Explanation:

The number of students who don't have a learning disability is:

\(\displaystyle 30-10 =20\)

Using part over whole we get the percentage of students who don't have a learning disability as:

\(\displaystyle \frac{20}{30}=\frac{2}{3}\)

Example Question #32 : Percents

You bought \(\displaystyle \$1000\) worth of a stock two years ago. After the first year, the value of the stock decreased by an average \(\displaystyle 10\%\). During the second year, the value of the stock increased by an average \(\displaystyle 25\%\). What is the value of your investment today?

Possible Answers:

\(\displaystyle \$1125\)

\(\displaystyle \$1025\)

\(\displaystyle \$1175\)

\(\displaystyle \$1150\)

\(\displaystyle \$1050\)

Correct answer:

\(\displaystyle \$1125\)

Explanation:

The value of the stock after the first year is 90% (0.9) of the value of the stock at time 0.

The value of the stock after the second year is 125% (1.25) of the value of the stock at the end of the first year.

The value of the investment today is:

\(\displaystyle 1000\times(1-0.1)\times(1-0.25)=1000\times0.9\times1.25\)

\(\displaystyle =900\times1.25 = 900+\frac{900}{4}= 900+225 =1125\)

Example Question #1661 : Gmat Quantitative Reasoning

Rob, Tim, and Peggy are the three managers at a local restaurant. Peggy's salary is \(\displaystyle 20\%\) less than Tim's salary. Tim's salary is \(\displaystyle 10\%\) less than Rob's salary. What percent of Rob's salary is Peggy's salary?

Possible Answers:

\(\displaystyle 90\%\)

\(\displaystyle 139\%\)

\(\displaystyle 112\%\)

\(\displaystyle 82\%\)

\(\displaystyle 72\%\)

Correct answer:

\(\displaystyle 72\%\)

Explanation:

Let \(\displaystyle x\) be Rob's salary.

Then, since Tim's salary is 10% less than Rob's salary, we can write Tim's salary as \(\displaystyle 0.9x\).

Since Peggy's salary is 20% less than Tim's salary, we can write Peggy's salary as \(\displaystyle 0.8(0.9x)=0.72x\).

Peggy's salary is 72% of Rob's salary as we can write:

Peggy salary/ Rob salary = \(\displaystyle 0.72x/x =0.72\)

Making the answer into a percent we get,

\(\displaystyle 0.72 \times 100=72\%\).

Example Question #1661 : Problem Solving Questions

The percentage of accountants at a company that has 10,000 employees dropped from \(\displaystyle 10\%\) at the end of last year to \(\displaystyle 6\%\) at the end of this year. If the number of employees at the end of this year is 9,500, what is the approximate change in the number of accountants over this period?

Possible Answers:

\(\displaystyle 13\%\:increase\)

\(\displaystyle 30\%\:decrease\)

\(\displaystyle 23\%\:decrease\)

\(\displaystyle 20\%\:increase\)

\(\displaystyle 43\%\: decrease\)

Correct answer:

\(\displaystyle 43\%\: decrease\)

Explanation:

The number of accountants at the end of last year is:

\(\displaystyle 10000\times0.1=1000\)

The number of accountants at the end of this year is:

\(\displaystyle 9500\times0.06=570\)

The approximate change in the number of accountants from the end of last year to the end of this year is:

\(\displaystyle \frac{570-1000}{1000}=-0.43\)

There was a 43% decrease in the number of accountants over this period.

Example Question #31 : Percents

There are \(\displaystyle 48\) registered students in the math club. Students are deciding what activity they could do for their end of semester event. They have three choices: rock climbing, bowling, or outdoor laser tag. \(\displaystyle 14\) students vote for rock climbing, \(\displaystyle 12\) students vote for bowling, and \(\displaystyle 16\) students vote for outdoor laser tag.

What percent of students did not vote?

Possible Answers:

\(\displaystyle 0\%\)

\(\displaystyle 14.5\%\)

\(\displaystyle 12.5\%\)

\(\displaystyle 13.5\%\)

\(\displaystyle 11.5\%\)

Correct answer:

\(\displaystyle 12.5\%\)

Explanation:

The number of students who did not vote is:

\(\displaystyle 48-14-12-16=6\)

The percent of students who did not vote is therefore:

\(\displaystyle \frac{6}{48}=\frac{1}{8}=0.125\)

\(\displaystyle 12.5\%\) of the students did not vote.

Example Question #111 : Arithmetic

\(\displaystyle X\) is \(\displaystyle 20\%\) of \(\displaystyle Y\), which is \(\displaystyle 40\%\) of \(\displaystyle Z\). All three are positive integers. In which range does the smallest possible value of \(\displaystyle X+Y+Z\) fall?

Possible Answers:

From \(\displaystyle 41\) to \(\displaystyle 50\) inclusive

From \(\displaystyle 61\) to \(\displaystyle 70\) inclusive

From \(\displaystyle 51\) to \(\displaystyle 60\) inclusive

From \(\displaystyle 21\) to \(\displaystyle 30\) inclusive

From \(\displaystyle 31\) to \(\displaystyle 40\) inclusive

Correct answer:

From \(\displaystyle 31\) to \(\displaystyle 40\) inclusive

Explanation:

\(\displaystyle Y\)  is \(\displaystyle 40\%\) of \(\displaystyle Z\), so \(\displaystyle Y = 0.40 Z = \frac{2}{5}Z\).

\(\displaystyle X\) is \(\displaystyle 20\%\) of \(\displaystyle Y\), so \(\displaystyle X = 0.20 Y = \frac{1}{5}Y = \frac{1}{5} \cdot \frac{2}{5} Z = \frac{2}{25} Z\).

For \(\displaystyle X\) to be an integer, \(\displaystyle Z\) must be a multiple of \(\displaystyle 25\). Therefore, the smallest positive integer value of \(\displaystyle Z\) is \(\displaystyle 25\) itself; \(\displaystyle Y\) is \(\displaystyle 40\%\) of \(\displaystyle 25\) is \(\displaystyle 0.40 \cdot 25 = 10\), and \(\displaystyle X\) is \(\displaystyle 20\%\) of \(\displaystyle 10\), or \(\displaystyle 0.20 \cdot 10= 2\).

Add these to get

\(\displaystyle X+Y+Z = 2 + 10 + 25 = 37\)

The correct response is thus "From 31 to 40 inclusive."

Example Question #112 : Arithmetic

\(\displaystyle A\) is \(\displaystyle 24\%\) of \(\displaystyle B\) and \(\displaystyle 72\%\) of \(\displaystyle C\); all are positive integers. Give the smallest possible value of \(\displaystyle A\).

Possible Answers:

\(\displaystyle 18\)

\(\displaystyle 6\)

\(\displaystyle 54\)

\(\displaystyle 108\)

\(\displaystyle 12\)

Correct answer:

\(\displaystyle 18\)

Explanation:

\(\displaystyle A\) is \(\displaystyle 24\%\) of \(\displaystyle B\) and \(\displaystyle 72\%\) of \(\displaystyle C\), so

\(\displaystyle A = 0.24 B = \frac{6}{25}B\) and \(\displaystyle A = 0.72 C = \frac{18}{25}C\).

Equivalently, \(\displaystyle B = \frac{25}{6}A\) and \(\displaystyle C = \frac{25}{18}A\)

\(\displaystyle A\) must be the least possible number divisible by both \(\displaystyle 6\) and \(\displaystyle 18\), so 

\(\displaystyle A = LCM (6, 18) = 18\).

Example Question #31 : Percents

\(\displaystyle M\) is \(\displaystyle 84\%\) of \(\displaystyle N\). Which of the following expressions is equal to \(\displaystyle N\)?

Possible Answers:

\(\displaystyle N = \frac{21M}{25}\)

None of the other responses is correct.

\(\displaystyle N = \frac{25M}{21}\)

\(\displaystyle N = \frac{21}{25M}\)

\(\displaystyle N = \frac{25}{21M}\)

Correct answer:

\(\displaystyle N = \frac{25M}{21}\)

Explanation:

If \(\displaystyle M\) is \(\displaystyle 84\%\) of \(\displaystyle N\), then \(\displaystyle M = \frac{84}{100}N = \frac{21}{25}N\).

Equivalently,

\(\displaystyle \frac{25}{21} \cdot \frac{21}{25}N = \frac{25}{21} \cdot M\)

\(\displaystyle N = \frac{25M}{21}\)

Example Question #31 : Calculating Percents

A randomly selected study sample includes \(\displaystyle 60\%\) women. Of all the women in the sample, \(\displaystyle 30\%\) have an income greater than \(\displaystyle \$50,000\). What is the percentage of women in the sample who have an income greater than \(\displaystyle \$50,000\)?

Possible Answers:

Not enough information

\(\displaystyle 18\%\)

\(\displaystyle 30\%\)

\(\displaystyle 15\%\)

\(\displaystyle 22\%\)

Correct answer:

\(\displaystyle 18\%\)

Explanation:

The percentage of women who have an income greater than \(\displaystyle \$50,000\) in the sample is simply the product of the percentage of women in the sample and the percentage of these women who earn more than \(\displaystyle \$50,000\).

\(\displaystyle 0.6\times 0.3=0.18\)

The percentage of women who earn more than \(\displaystyle \$50,000\) in the sample is \(\displaystyle 18\%\).

Or, we could assume there are \(\displaystyle 100\) people in the sample. The number of women in the sample would then be \(\displaystyle 100\cdot0.6=60\). And the number of women who earn more than \(\displaystyle 50,000\) in the sample would be \(\displaystyle 60 \cdot 0.3=18\).

The percentage of women who earn more than \(\displaystyle \$50,000\) in the sample is \(\displaystyle \frac{18}{100}=18\%\).

Let's verify this answer by taking another sample size, let's say there are \(\displaystyle 150\) people in the sample.

The number of women who earn more than \(\displaystyle \$50,000\) in the sample would then be \(\displaystyle 150 \cdot 0.6 \cdot 0.3=90 \cdot 0.3=27\).

The percentage of women who earn more than \(\displaystyle \$50,000\) in the sample is \(\displaystyle \frac{27}{150}=18%\).

We still get the same result because the number of people in the sample is not necessary to find that percentage since we are given the percentage of women in the sample and the percentage of these women in the sample who earn more than \(\displaystyle \$50,000\).

Example Question #1661 : Gmat Quantitative Reasoning

\(\displaystyle 40\%\) of the adults in a certain city are unemployed, and \(\displaystyle 24\%\) of the adults in the city are unemployed women. What percent of the unemployed adults in that city are men?

Possible Answers:

\(\displaystyle 24\%\)

\(\displaystyle 16\%\)

\(\displaystyle 50\%\)

\(\displaystyle 42\%\)

\(\displaystyle 40\%\)

Correct answer:

\(\displaystyle 40\%\)

Explanation:

Assume there are \(\displaystyle 100\) adults in the city. \(\displaystyle 40\%\) of these adults are unemployed, which means the number of unemployed adults is \(\displaystyle 40\) given there are \(\displaystyle 100\) adults. Also, \(\displaystyle 24\%\) of the adults in the city are unemployed women, so the number of unemployed adult women in the city is \(\displaystyle 24\). We can then find the number of unemployed adult men in that city, which is \(\displaystyle 40-24=16\).

At this point, we can calculate the percentage of unemployed adults in the city who are men: \(\displaystyle \frac{16}{40}\cdot100= \frac{2}{5}\cdot100=\frac{40}{100}=40\%\)

\(\displaystyle 40\%\) of the unemployed adults in that city are men.

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