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GRE Quantitative

GRE Quantitative Question of the Day

Practice GRE Quantitative with the production-style question-of-the-day selection for this public URL.

Question 1

A car dealer purchased a used truck, marked it up to make a 30% profit, then sold it at a 30% discount from the sticker price.

Quantity A: The amount that the dealer paid for the truck

Quantity B: The amount for which the dealer sold the truck

  1. Quantity A is greater
  2. Quantity B is greater
  3. The two quantities are equal
  4. The relationship cannot be determined from the information given
Explanation: Since no price is given, you can pick 100asthestartingpointforthevalueofthetruck.100 as the starting point for the value of the truck. 100asthestartingpointforthevalueofthetruck.100 marked up 30% is 130,andthe30130, and the 30% discount brings it to 130,andthe3091.