All GRE Math Resources
Example Questions
Example Question #851 : Gre Quantitative Reasoning
is percent of
is percent of
Quantity A:
Quantity B:
Quantity B is greater.
The two quantities are equal.
Quantity A is greater.
The relationship cannot be determined.
Quantity B is greater.
To attempt this problem, translate the statements into mathematical equations. When you see the word 'is', it very often means 'equals:
is percent of :
Now before we continue, look at this statement. We see that s is fourth fifths of r. That alone should tell us that r is greater! However, we can continue with the calculations to see what these values are, if only for the sake of robustness. However, on the GRE, once you find the answer like this, fill it in and move on.
is percent of
Again, this validates our result. We may not know what r and s are, but we know how they relate to each other, and that is enough.
Quantity B is greater.
Example Question #261 : Arithmetic
is what percent of ?
To solve this problem, translate is what percent of into mathematical terms:
Example Question #261 : Arithmetic
In Dopolopolis, the first $20,000 dollars of a person's income is taxed at 6%, and any additional income they make is taxed at 10%. If Donny of Dopolopolis paid $2,000 in income tax this year, how much did Donny make?
All of the answer choices are above $20,000, so assume that Donny paid the 6% on that:
That means of the $2,000 he paid in taxes
$800 was taken from any income he made above the $20,000 line, and was thus taxed at 10%:
Donny's income must therefore have been
Example Question #41 : Percentage
Forty percent of the 20 professors in a university's physics department are male. If two male professors and two female professors retire, what percentage of the department will be male after the change?
Begin by finding out how many of the 20 professors are male:
That means that there are eight males and twelve females currently to sum up to twenty.
Now, two males and two females leave, meaning the faculty is reduced by four:
The amount of males has been reduced by two:
Therefore, the percentage of the faculty that is male can be found as the number of males divided by the total faculty size times 100:
Example Question #51 : Percentage
Mary buys a car from a mean salesman who charges her 12% over the original price of a $15,000 car. Luke buys the same car from a much nicer salesman who gives him an 8% discount off of the original price. How much more does Mary spend on the car than Luke does?
$3000
$2000
$2500
$1200
$3000
12% of 15,000 is 0.12 * 15,000 = 1800.
8% of 15,000 is 0.08 * 15,000 = 1200; therefore in total, Mary spent 1800 + 1200 = $3000 more.
Example Question #51 : Percentage
A grade school pays Mr. Day a salary of $24,585 per school year. Each school year contains 165 days. Suppose Mr. Day is sick for a week (5 work days) and the school doesn't have to pay him for those days. Instead, they must pay a substitute teacher to teach his classes. They pay the substitute $90 per day. Totally, how much does the school save for the week Mr. Day is sick?
The school must pay $59 extra for the substitute teacher.
$59
$295
$205
The answer cannot be determined from the given information.
$295
Divide Mr. Day's salary by 165 to determine how much the school pays him per day: Mr. Day makes $149 per day. They only have to pay substitute $90 per day, saving them $59 per day. To figure out how my they save totally, multiply by 5 to get how much they save for the week Mr. Day is sick: $295.
Example Question #52 : Percentage
What percentage of profit is made on a product sold for $20 if its overall production cost was $17.50?
87.5%
14.29%
15.252%
46.67%
25%
14.29%
To find the profit percentage, you must first determine the amount of profit made on this transaction. If the sale price was $20 and the production cost $17.50, then the profit made was: 20 -17.5 = $2.50. The profit percentage is determined by dividing the amount of profit made by the original price, or 2.5 / 17.5 = (approx.) 0.14286 or 14.29%.
Example Question #53 : Percentage
Manufacturer X has a base monthly operating cost of $30,000. It makes only one product, which costs $5 per piece in addition to the base operational costs for the plant. These products are each sold for $15 apiece. How many products must the company sell in order to break even in any given month?
3,000
10,000
2,500
2,000
1,500
3,000
Begin by translating your problem into an equation. What we want to ascertain is the situation when the profit equals exactly 0. The profit and loss for a given month can be summarized by the following equation:
(Total product revenue) - (Base operating costs) - (Individual costs for products) = 0
Given our data, we can rewrite this:
15 * x - 30,000 - 5 * x = 0
Combine like terms:
10 * x - 30,000 = 0
Isolate x:
10 * x = 30,000; x = 3,000.
Therefore, the manufacturer must sell at least 3,000 items per month in order to "break even."
Example Question #54 : Percentage
A new t-shirt has a total cost of 8 dollars for a given retailer. Its current price is $15. If the retailer discounts the cost of the shirt by 20%, how many must it sell in order to make the same amount of profit as when it sold 300 of the shirts at the original price?
None of the other answers
360
395
400
525
525
First, we must ascertain the original profit. Per shirt, the retailer made 15 – 8, or $7. Selling 300 shirts, it made a profit of $2,100.
The new price, discounted by 20% is equal to 80% of the original price, or 15 * 0.8 = $12. This yields a profit of $4 per shirt.
To ascertain the number of sales needed to make $2,100 in profit, we must solve the following equation:
4x = 2100; x = 525 shirts
Example Question #1 : Profit Margin
A laptop computer costs $235 to manufacture. If it is sold for $578, what is the percent of profit made on the item?
145.96%
343%
245.96%
53.38%
59.34%
145.96%
The amount of profit made on the item is 578 – 235 = $343. This is 343/235 or (approximately) 1.4596, which is 145.96% of the original price.