QuestionTwo products A and B that cost $2000 and $1000 respectively were marked up with a profit of x%. What is x?1. If a discount of (2x/5)% is offered on the marked price of product A and if product B is sold at the marked price, the profit made on both products will be the same.2. If the markup on Product A is half that of product B, the profit made on both the products will … [Read more...] about GMAT DS : Percents, Profits
Linear Equations : Common Multiples
QuestionA shop sells two variants of chocolates - one that costs $3 and the other that costs $5. If the shop sold $108 chocolates on a given day, how many different combinations of (number of $3 sold, number of $5 sold) exist?A. 6B. 7C. 15D. 8E. 12Correct Answer : Choice D. 8Explanatory AnswerLet the shop sell x numbers of the $3variant and y numbers of the $5 variant.So, 3x + … [Read more...] about Linear Equations : Common Multiples
Number Properties : LCM, HCF
This question is a relatively easy question on LCM and HCF of two numbers. QuestionIf the product of two positive integers is 144, which of the following could be the LCM and HCF of the two numbers?I. LCM : 24; HCF : 6II. LCM : 18; HCF : 8 III. LCM : 16; HCF : 9A. I onlyB. II and III only C. I and II onlyD. I and III only E. I, II and IIICorrect Answer : Choice … [Read more...] about Number Properties : LCM, HCF
Permutation Combination : Selecting from non distinct object
An interesting GMAT problem solving practice question in permutation combination. The concept covered in this question is selecting one or more objects from a set of object, all of which are not distinct. The objects not being distinct is what makes this question an interesting one. This is another question that you can use as a template to solve questions that comprise … [Read more...] about Permutation Combination : Selecting from non distinct object
Counting Methods : GMAT Problem Solving
This GMAT permutation combination practice question is a classic counting methods question focusing on numbers and number properties. You can use the explanation given in this question as a template to solve questions of this kind. After cracking the question, create your own variants of this question and try solving them to master this idea. Question How many odd 4 digit … [Read more...] about Counting Methods : GMAT Problem Solving