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.

Jack gave 20% discount on sale

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Master | Next Rank: 500 Posts
Posts: 366
Joined: Fri Jun 05, 2015 3:35 amFollowed by: 2 members
Thanked: 3 times
by NandishSS » Wed Dec 13, 2017 5:48 am
Jack gave 20% discount on sale of 15 toys & generated revenue of 600$. He earned 25% profit on this sale. Next day he sold 20 toys without any discount. what is his gross profit in two days?

a) 240 $
b) 360 $
c) 480 $
d) 510 $
e) 550 $

OA: C

Source: Expert's Global practice test
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 3008
Joined: Mon Aug 22, 2016 6:19 amFollowed by: 34 members
Location: Grand Central / New York
Thanked: 470 times

by Jay@ManhattanReview » Fri Dec 15, 2017 1:13 am
NandishSS wrote:Jack gave 20% discount on sale of 15 toys & generated revenue of 600$. He earned 25% profit on this sale. Next day he sold 20 toys without any discount. what is his gross profit in two days?

a) 240 $
b) 360 $
c) 480 $
d) 510 $
e) 550 $

OA: C

Source: Expert's Global practice test
Since $600 is the discounted price after a discount of 20%, we have 80% of MRP = 600. Thus, MRP of 15 toys = 600/80% = $750

Thus, MRP of one toy = $750/15 = $50.

Since Jack earned 25% profit, 125% of Cost = $600. Thus, Cost of 15 toys = $600/125% = $480. Cost per toy = 480/15 =$32

Profit on sale of 15 toys = Sale value - Cost price = 600 - 15*32 = 600 - 480 = $120

Next day scenario:

Sale price of 20 toys = 20*MRP = 20*50 = $1000
Cost price of 20 toys = 20*Cost = 20*32 = $640

Profit = Sale value - Cost price = 1000 - 640 = $360

Total profit = Profit on day 1 + Profit next day = $120 + $360 = $480.

The correct answer: C

Hope this helps!

-Jay
_________________
Manhattan Review GMAT Prep

Locations: Pasadena | Warsaw | Cairo | Kuala Lumpur | and many more...

Schedule your free consultation with an experienced GMAT Prep Advisor! Click here.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 8211
Joined: Sat Apr 25, 2015 10:56 amFollowed by: 29 members
Location: Los Angeles, CA
Thanked: 43 times

by Scott@TargetTestPrep » Mon Sep 23, 2019 5:09 pm
NandishSS wrote:Jack gave 20% discount on sale of 15 toys & generated revenue of 600$. He earned 25% profit on this sale. Next day he sold 20 toys without any discount. what is his gross profit in two days?

a) 240 $
b) 360 $
c) 480 $
d) 510 $
e) 550 $

OA: C

Source: Expert's Global practice test
We let P = the profit for the first transaction and C = the cost of the toys for the first transaction. Recalling that Revenue - Cost = Profit, we can create the equation:

P = 0.25C

600 - C = 0.25C

600 = 1.25C

480 = C

So his profit for the first day was 600 - 480 = $120, and each toy cost Jack 480/15 = $32. Since he sold each toy for 600/15 = $40, which was discounted 20% from the original selling price, the original selling price was 40/0.8 = $50.

Therefore, when he sold 20 toys the following day at the original selling price, he made a total 50 x 20 = $1000, and the total cost was 32 x 20 = $640.

Therefore, his profit on the second day was 1000 - 640 = $360, and his total profit for the two days was 120 + 360 = $480.

Answer: C

Scott Woodbury-Stewart
Founder and CEO
[email protected]

Image

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews

ImageImage
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1