GMAT Math : Percents

Study concepts, example questions & explanations for GMAT Math

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Example Questions

Example Question #116 : Arithmetic

A company with \(\displaystyle 800\) employees is planning to hire \(\displaystyle 100\) additional employees at the beginning of the next fiscal year. Currently, only \(\displaystyle 10\%\) of the company's employees have a college degree. How many of the additional employees to be hired should have a college degree in order to double the percentage of employees with college degrees?

Possible Answers:

\(\displaystyle 60\)

\(\displaystyle 100\)

\(\displaystyle 70\)

\(\displaystyle 80\)

\(\displaystyle 90\)

Correct answer:

\(\displaystyle 100\)

Explanation:

Currently, \(\displaystyle 10\%\) of the employees have a college degree; that is \(\displaystyle 80\) out of the \(\displaystyle 800\) employees. Let \(\displaystyle x\) be the number of additional employees who have a college degree:

\(\displaystyle \frac{80+x}{800+100}=0.10\cdot 2\)

\(\displaystyle \frac{80+x}{900}=0.2\)

\(\displaystyle 80+x=0.2\cdot 900=180\)

\(\displaystyle x=180-80=100\)

All of the additional employees to be hired should have a college degree in order to double the percentage of employees with a college degree.

Example Question #1671 : Problem Solving Questions

Dmitri bought a new bicycle, which was on sale. If the bike was \(\displaystyle 35\%\) off and he paid \(\displaystyle \$436\) for it, (including a \(\displaystyle 5\%\) sales tax) how much was the bike originally without sales tax?

Possible Answers:

\(\displaystyle \$223.59\)

\(\displaystyle \$478.65\)

\(\displaystyle \$743.56\)

\(\displaystyle \$415.24\)

\(\displaystyle \$638.83\)

Correct answer:

\(\displaystyle \$638.83\)

Explanation:

To begin with, we want to think about his problem conceptually. If Dmitri received a discount, we know our final answer will be higher than what he paid. Eliminate any choices that are less than \(\displaystyle \$436\)

Next, we want to calculate how much the bike cost Dmitri before sales tax. To do this, we want to have a basic equation in front of us to ensure we are setting this up correctly.

\(\displaystyle Cost=Price*1.05\)

or

\(\displaystyle C=P*1.05\)

The cost is what Dmitri paid, and the price is the listed sale price of the bike. We get \(\displaystyle 1.05\) from knowing that sales tax is \(\displaystyle 5\%\) and that Dmitri paid \(\displaystyle 100\%\) of the price, plus \(\displaystyle 5\%\) for sales tax. Recall that to change from a percent to a decimal, we just move the decimal point two places to the left.

So, we can rearrange the equation to solve for the sale price of the bike before sales tax...

\(\displaystyle \frac{C}{1.05}=P=\frac{436}{1.05}=415.2381\)

We can round that to the nearest hundredth to get 

\(\displaystyle P=$415.24\)

So, the sale price of the bike was \(\displaystyle $415.24\); however, do not choose that as your answer, because we are not done yet! We still need to find the original price of the bike. To do that, another equation will be helpful.

\(\displaystyle Original \:Price*(1-0.35)=Sale \:Price\)

or

\(\displaystyle O*0.65=P\)

This means that the sale price is \(\displaystyle 65\%\) of the original price, which is the same as saying it is \(\displaystyle 35\%\) off.

We know \(\displaystyle P\) from above, so simply rearrange the equation, plug in the problem's values, and solve to find our final answer:

\(\displaystyle O=\frac{P}{0.65}=\frac{415.24}{0.65}=638.8308\)

Again, we can round to the nearest cent to get our final answer of \(\displaystyle \$638.83\).

Example Question #121 : Arithmetic

\(\displaystyle F\) is 40% of \(\displaystyle N\). What percent of \(\displaystyle N^{3}\) is \(\displaystyle F^{3}\) ?

Possible Answers:

The correct answer is not among the other responses.

\(\displaystyle 13 \frac{1}{3} \%\)

\(\displaystyle 64 \%\)

\(\displaystyle 120 \%\)

\(\displaystyle 6 \frac{2}{5 } \%\)

Correct answer:

\(\displaystyle 6 \frac{2}{5 } \%\)

Explanation:

If \(\displaystyle F\) is 40% of \(\displaystyle N\), then \(\displaystyle F = \frac{40}{100} N = \frac{2}{5} N\).

Cube both sides to get

\(\displaystyle F^{3} = \left (\frac{2}{5} N \right )^{3}\)

\(\displaystyle F^{3} = \frac{8}{125} N ^{3}\)

\(\displaystyle F^{3}\) is \(\displaystyle \frac{8}{125}\) of \(\displaystyle N ^{3}\), or equivalently, 

\(\displaystyle F^{3}\) is \(\displaystyle \frac{8}{125} \times 100 \% = 6 \frac{2}{5 } \%\) of \(\displaystyle N ^{3}\).

 

 

Example Question #122 : Arithmetic

\(\displaystyle \sqrt{t}\) is 36% of \(\displaystyle \sqrt{r}\). What percent of \(\displaystyle r\) is \(\displaystyle t\) ?

Possible Answers:

\(\displaystyle 6 \%\)

The correct answer is not given among the other responses.

\(\displaystyle 72 \%\)

\(\displaystyle 36 \%\)

\(\displaystyle 18 \%\)

Correct answer:

The correct answer is not given among the other responses.

Explanation:

\(\displaystyle \sqrt{t}\) is 36% of \(\displaystyle \sqrt{r}\), so

\(\displaystyle \sqrt{t} = \frac{36}{100} \sqrt{r}\), or 

\(\displaystyle \sqrt{t} = \frac{9}{25} \sqrt{r}\)

Square both sides:

\(\displaystyle \left (\sqrt{t} \right )^{2}= \left (\frac{9}{25} \sqrt{r} \right )^{2}\)

\(\displaystyle t= \frac{81}{625} r\)

\(\displaystyle t\) is \(\displaystyle \frac{81}{625}\) of \(\displaystyle r\), or, equivalently, \(\displaystyle \frac{81}{625} \times 100 \% = 12 \frac{24}{25} \%\) of \(\displaystyle r\).

This answer is not among the given choices.

Example Question #41 : Calculating Percents

\(\displaystyle S\) is 40% of \(\displaystyle P\).

\(\displaystyle S\) is what percent of \(\displaystyle 2S + P\) ?

Possible Answers:

\(\displaystyle 180 \%\)

\(\displaystyle 450 \%\)

\(\displaystyle 22 \frac{2}{9}\%\)

\(\displaystyle 55 \frac{5}{9} \%\)

\(\displaystyle 41 \frac{2}{3}\%\)

Correct answer:

\(\displaystyle 22 \frac{2}{9}\%\)

Explanation:

\(\displaystyle S\) is 40% of \(\displaystyle P\), so \(\displaystyle S = \frac{40}{100}P = \frac{2}{5}P\).

Eqivalently, 

\(\displaystyle P = \frac{5}{2}S\), and

 \(\displaystyle 2S + P = 2S +\frac{5}{2}S = \frac{9}{2}S\).

The question can be restated as

\(\displaystyle S\) is what percent of \(\displaystyle \frac{9}{2}S\) ?

This can be answered as 

\(\displaystyle \frac{S}{\frac{9}{2}S} \times 100 \% = \frac{2}{9} \times 100 \% = 22 \frac{2}{9} \%\).

Example Question #41 : Percents

\(\displaystyle M\) is 20 % of \(\displaystyle N\).

\(\displaystyle N - M\) is what percent of \(\displaystyle N + M\) ?

Possible Answers:

\(\displaystyle 66 \frac{2}{3} \%\)

\(\displaystyle 150 \%\)

\(\displaystyle 62\frac{1}{2} \%\)

\(\displaystyle 80 \%\)

\(\displaystyle 120 \%\)

Correct answer:

\(\displaystyle 66 \frac{2}{3} \%\)

Explanation:

\(\displaystyle M\) is 20% of \(\displaystyle N\), so \(\displaystyle M = \frac{20}{100}N= \frac{1}{5}N\).

\(\displaystyle N - M = N - \frac{1}{5}N = \frac{4}{5}N\)

\(\displaystyle N +M = N + \frac{1}{5}N = \frac{6}{5}N\)

The question can be rewritten as

\(\displaystyle \frac{4}{5}N\) is what percent of \(\displaystyle \frac{6}{5}N\)?

The answer is found as follows:

\(\displaystyle \frac{\frac{4}{5}N}{\frac{6}{5}N} \times 100 \% = \frac{4}{6} \times 100 \% = 66 \frac{2}{3} \%\)

Example Question #1673 : Problem Solving Questions

\(\displaystyle M -N\) is 75% of \(\displaystyle M\).

\(\displaystyle M\) is what percent of \(\displaystyle M + N\) ?

Possible Answers:

\(\displaystyle 75 \%\)

\(\displaystyle 56\frac{1}{4}\%\)

\(\displaystyle 62\frac{1}{2} \%\)

\(\displaystyle 80 \%\)

\(\displaystyle 66 \frac{2}{3}\%\)

Correct answer:

\(\displaystyle 80 \%\)

Explanation:

\(\displaystyle M -N\) is 75% of \(\displaystyle M\), so 

\(\displaystyle M -N = \frac{3}{4}M\)

and 

\(\displaystyle \frac{1}{4}M = N\)

\(\displaystyle M + N = M +\frac{1}{4}M = \frac{5}{4}M\) 

The question can be rewritten as

\(\displaystyle M\) is what percent of \(\displaystyle \frac{5}{4}M\) ?

The answer is found as follows:

\(\displaystyle \frac{N}{\frac{5}{4}N} \times 100 \% = \frac{4}{5} \times 100 \% = 80 \%\).

Example Question #1674 : Problem Solving Questions

To the nearest whole number, what percent of 5 is 40?

Possible Answers:

\(\displaystyle 800\%\)

\(\displaystyle 80\%\)

\(\displaystyle 8\%\)

\(\displaystyle 1.25\%\)

\(\displaystyle 125\%\)

Correct answer:

\(\displaystyle 800\%\)

Explanation:

To calculate percent, we need to take one number and divide it by the other. We need to plan out the order carefully, though, because doing the division backwards will yield a trap answer. 

We need to find what percent of 5 40 is. It needs to be greater than 100%, because 40 is larger than five. This clues us in that 40 needs to be in our numerator. Perform the following to solve:

\(\displaystyle \frac{40}{5}=8\)

Don't stop just yet though, because to convert from decimals to percents we need to multiply by 100. This makes our final answer 800%. So, we can say the 40 is 800% of 5.

Example Question #41 : Percents

To the nearest whole percent, what percent of 108 is 69?

Possible Answers:

\(\displaystyle 64\%\)

\(\displaystyle 16\%\)

\(\displaystyle 156\%\)

\(\displaystyle 69\%\)

\(\displaystyle 32\%\)

Correct answer:

\(\displaystyle 64\%\)

Explanation:

To find percents, simply divide the part by the whole. In this case, we are asked to find what percent 69 is of 108. Take 69 over 108 to find the answer.

\(\displaystyle \small \frac{69}{108}=.638\bar{8}\)

Multiply by 100 and round to get our final answer

\(\displaystyle \small \small .63\bar{8}*100=63.8 \approx 64\)

So, the answer is 64%.

Example Question #1676 : Problem Solving Questions

After receiving a \(\displaystyle 25 %\)% discount on an item, Paola saved \(\displaystyle \$ 68.75\). What was the original price?

Possible Answers:

\(\displaystyle \$ \ 275.00\)

\(\displaystyle \$ \ 171.87\)

\(\displaystyle \$ \ 1718.75\)

\(\displaystyle \$ \ 206.00\)

Correct answer:

\(\displaystyle \$ \ 275.00\)

Explanation:

We can set up an equation to solve this problem where \(\displaystyle p\) represents the orignal price:

\(\displaystyle 0.25 \ p=68.75\)

That is, \(\displaystyle 25\)% of a number equals the \(\displaystyle \$ 68.75\) she saved. Now we just have to solve for \(\displaystyle p\)

\(\displaystyle p=\frac{68.75}{0.25}= 275\)    

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