BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

★★★★★5.0559 reviews
GMATLiveTeach Starts Oct 17
Chris Peckover, Target Test Prep GMAT expert
LIVE ONLINE CLASSES

Get Ready for GMAT Test Day Faster with Live Online Classes

with Chris Peckover, 100th-Percentile GMAT Scorer

Oct 17 · Chris Peckover
Sat · 11:00 AM to 2:00 PM ET
Oct 20 · Chris Peckover
Tue, Thu · 8:00 to 10:00 PM ET
Oct 25 · Josh Braslow
Sun · 1:00 to 4:00 PM ET
Included
40 hours of live online classes + 6 months of TTP OnDemand
  • Attend the first class for free
  • Every class is recorded, so you never fall behind
View classes & enroll
Limited seats availableTarget Test Prep
EALiveTeachOnDemand 5 seats left Start anytime
EXECUTIVE ASSESSMENT

Target Test Prep EA OnDemand

Self-paced EA prep. Study on your schedule.

Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

165+ EA score guarantee
$05-day trial no automatic billing
Schedule
Sun · 9:30 AM to 12:30 PM ET
Included
40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
  • 165+ EA Score Guarantee
  • 4,100+ Quant, Verbal, and Integrated Reasoning practice questions
  • 400+ hours of in-depth video lessons
  • 3,000+ step-by-step video solutions
View EA class & enroll Start free 5-day trial
Limited cohort · enrollment openTrial includes full course accessTarget Test Prep
GMATOnDemand Start anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions
Start free 5-day trial
Read 559 reviewsTarget Test Prep

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

A certain auto manufacturer sold 3% fewer vehicles in...

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 2710
Joined: Sun Oct 29, 2017 2:08 pmFollowed by: 2 members
by AAPL » Mon Mar 19, 2018 6:36 am
A certain auto manufacturer sold 3% fewer vehicles in 2007 than in 2006. If the manufacturer sold 2.1 million vehicles in 2006, how many vehicles, to the nearest 10,000, did the manufacturer sell in 2007?

A. 63,000
B. 2,000,000
C. 2,030,000
D. 2,040,000
E. 2,300,000

The OA is D.

Let's assume in 2006 he has sold X. Therefore in 2007, he should have sold 97/100×X.

97/100×2100=2037
-->2,037,000 sold in 2007. When rounded to the nearest 10,000 :

2,040,000. Option D.

Is there another strategic approach to this PS question? Can any experts help, please?
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 10392
Joined: Sun Jun 23, 2013 6:38 pmFollowed by: 511 members
Location: Palo Alto, CA
Thanked: 2867 times
GMAT Score:800

by [email protected] » Mon Mar 19, 2018 2:34 pm
Hi AAPL,

We're told that a certain auto manufacturer sold 3% fewer vehicles in 2007 than in 2006 and that the manufacturer sold 2.1 million vehicles in 2006. We're asked for the number of vehicles, to the nearest 10,000, that the manufacturer sold in 2007. Since we're given all of the necessary 'numbers' to work with, this question really just comes down to doing the proper calculations.

You might find it helpful to do the math in small 'steps'....
1% of 1,000,000 = 10,000, and....
3% of 1,000,000 = 30,000 and
3% of 2,100,000 = (2.1)(30,000) = 63,000

Thus, the number of cars sold in 2007 would be approximately 2,100,000 - 60,000 = 2,040,000

Final Answer: D

GMAT assassins aren't born, they're made,
Rich
Contact Rich at [email protected]
Image
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
GMAT Instructor
Posts: 1462
Joined: Thu Apr 09, 2015 9:34 amFollowed by: 22 members
Location: New York, NY
Thanked: 39 times

by Jeff@TargetTestPrep » Tue Mar 20, 2018 4:09 pm
AAPL wrote:A certain auto manufacturer sold 3% fewer vehicles in 2007 than in 2006. If the manufacturer sold 2.1 million vehicles in 2006, how many vehicles, to the nearest 10,000, did the manufacturer sell in 2007?

A. 63,000
B. 2,000,000
C. 2,030,000
D. 2,040,000
E. 2,300,000
The number of vehicles sold in 2006 is 2.1 x 0.97 = 2.037 million ≈ 2,040,000.

Answer: D

Jeffrey Miller
Head of GMAT Instruction
[email protected]

Image

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Legendary Member
Posts: 2579
Joined: Sun Oct 29, 2017 2:04 pmFollowed by: 6 members

by swerve » Wed Mar 21, 2018 9:37 am
Hi AAPL,

Let's assume in 2006 the manufacturer sold X.

In 2007 sold X-3/100(X).

If sales in 2006, X = 2.1 million find X-3/100(X)

(2.1*10^6) - 3 / 100(2.1*10^6)

2100000 - 63000 = 2,037,000 --> 2,040,000 approximately.

Regards!
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Legendary Member
Posts: 2214
Joined: Fri Mar 02, 2018 2:22 pmFollowed by: 5 members

by deloitte247 » Sat Mar 24, 2018 12:08 pm
3% of 2.1 million = $$\frac{3}{100}\cdot2,100,100=63,000$$
$$Number\ of\ vechicle\ sold\ in\ 2007\ is\ 63,000\ \left(3\%\right)\ fewer\ than\ 2.1million\ vechicles\ sold\ in\ 2006$$
$$Therefore,\ number\ of\ vechicle\ sold\ in\ 2007=\ 2100000-63000=2,037,000$$
$$when\ rounded\ to\ the\ nearest\ 10,000=2040000\ vehicles\ sold\ in\ 2007$$
$$Option\ D\ is\ right$$
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1