It is currently 23 Nov 2017, 21:40
My Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

At store T, the dollar amount of sales for 2007 was what % t

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Moderator
Moderator
User avatar
Joined: 18 Apr 2015
Posts: 2366
Followers: 35

Kudos [?]: 353 [0], given: 1348

At store T, the dollar amount of sales for 2007 was what % t [#permalink] New post 07 Jan 2017, 07:13
Expert's post
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions


Image

At store T, the dollar amount of sales for 2007 was what % the dollar amount of sales for 2008 ?

Give your answer to the nearest 0.1%

[Reveal] Spoiler: OA
108.7%

_________________

Get the 17 FREE GREPrepclub Tests

1 KUDOS received
CEO
CEO
User avatar
Joined: 07 Jun 2014
Posts: 2853
GRE 1: 323 Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 48

Kudos [?]: 796 [1] , given: 134

Re: At store T, the dollar amount of sales for 2007 was what % t [#permalink] New post 07 Jan 2017, 17:49
1
This post received
KUDOS
Expert's post
Explanation

If A is the dollar amount of sales at Store T for 2007, then 8 percent of A, or 0.08A is the amount of decrease from 2007 to 2008.

Thus A - 0.08A = 0.92A is the dollar amount for 2008.

Therefore, the desired percent can be obtained by dividing A by 0.92A which equals The \frac{A}{0.92A}, which equals \frac{1}{0.92}, which equals 1.0869565...

Expressed as a percent and rounded to the nearest 0.1 percent, this number is 108.7%.

Thus, the correct answer is 108.7% (or equivalent).
_________________

Sandy
If you found this post useful, please let me know by pressing the Kudos Button

Try our free Online GRE Test

Intern
Intern
Joined: 14 Aug 2016
Posts: 2
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: At store T, the dollar amount of sales for 2007 was what % t [#permalink] New post 06 Nov 2017, 08:37
The "reveal" answer is incorrect.
CEO
CEO
User avatar
Joined: 07 Jun 2014
Posts: 2853
GRE 1: 323 Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 48

Kudos [?]: 796 [0], given: 134

Re: At store T, the dollar amount of sales for 2007 was what % t [#permalink] New post 06 Nov 2017, 08:42
Expert's post
DylanJoyce wrote:
The "reveal" answer is incorrect.


Thanks fixed it!
_________________

Sandy
If you found this post useful, please let me know by pressing the Kudos Button

Try our free Online GRE Test

Display posts from previous: Sort by

At store T, the dollar amount of sales for 2007 was what % t

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GRE Prep Club Forum Home| About| Terms of Use| GRE Prep Club Rules| Contact

Powered by phpBB © phpBB Group

Kindly note that the GRE® test is a registered trademark of the Educational Testing Service®, and this site has neither been reviewed nor endorsed by ETS®.