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 7 seats left
Chris Peckover
NEXT LIVE COHORT

Oct 13 to Jan 7, 2027

with Chris Peckover

Schedule
Tue, Thu · 8:00 to 10:00 PM ET
Included
40 live hours + 6 months of GMAT OnDemand
  • Live instruction and real-time questions
  • Class recordings and assigned practice
View class & enroll
Limited cohort · enrollment openTarget Test Prep
EALiveTeach 5 seats left
Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

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
Limited cohort · enrollment openTarget 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.

gmat prep question

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Master | Next Rank: 500 Posts
Posts: 144
Joined: Wed Feb 07, 2007 4:13 pm
by yvonne12 » Wed Apr 25, 2007 11:42 am
bobby bought 2 shares of stock , which he sold for $96 each. if he had a profit of 20 percent on the sale of one of the shares but a loss of 20 percent on the sale of the other share then on both shares combined bobby had?
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Senior | Next Rank: 100 Posts
Posts: 70
Joined: Sun Mar 18, 2007 9:35 amFollowed by: 1 member
Location: mumbai

by RAGS » Wed Apr 25, 2007 12:11 pm
There is general formula for solution to such problems

If u have two things which costs same are sold one at x% profit and another at x% loss then theere will be aloss of x*x / 100 ( in percent ) on the transaction
If It Is To Be It Is Up To Me
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Master | Next Rank: 500 Posts
Posts: 144
Joined: Wed Feb 07, 2007 4:13 pm

gmat prep question

by yvonne12 » Wed Apr 25, 2007 4:43 pm
could you work out the formula in this problem

is it 1.20 * .80/100 because Im not getting the answer
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Newbie | Next Rank: 10 Posts
Posts: 1
Joined: Wed Apr 25, 2007 9:53 pm

by ark » Wed Apr 25, 2007 10:18 pm
No u cant use the formula x*x/100 when there is different profit and loss percentage is given...

x*x/100 can be used only when profit is x% and loss is x%... the result of the formula is loss %

total loss% = (x * x) / 100
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Legendary Member
Posts: 559
Joined: Tue Mar 27, 2007 1:29 amFollowed by: 2 members
Thanked: 5 times

by Cybermusings » Thu Apr 26, 2007 2:58 am
96 = x - 20x/100
80x/100 = 96
x = (96*100) / 80 = 120

96 = y + 20y/100
(96 * 100) / 120 = y
y = 80

total cost = 80 + 120 = 200
total SP = 96*2 = 192
loss % = (8/200) * 100 = 4%
Last edited by Cybermusings on Sat Apr 28, 2007 1:27 am, edited 1 time in total.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Junior | Next Rank: 30 Posts
Posts: 26
Joined: Mon Apr 09, 2007 6:20 am
Thanked: 2 times

by rajeshvellanki » Thu Apr 26, 2007 10:13 am
here is my take on in.

Basically SP-CP=Profit

case1: 20% profit

96-x=x/5
6x/5=96

x=80
20%(80)=16$ profit

case2:20% losss
Cp-SP=loss

x-96=x/5

4x/5=96
x=120

20%(120)=24$ loss


Case2-case1=24-16=8$ loss

What are the answer choices?
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Newbie | Next Rank: 10 Posts
Posts: 4
Joined: Thu Mar 22, 2012 11:06 am

by rohanpande » Thu Oct 25, 2012 11:25 am
Cybermusings wrote:
loss % = (8/200) * 100 = 4%
loss % is not asked, but rather a value is.

SP-CP = Profit or Loss

in this case, SP-CP = 192-200 = -8.
hence, a loss of $8
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
MBA Admissions Consultant
Posts: 2279
Joined: Fri Nov 11, 2011 7:51 amFollowed by: 266 members
Location: New York
Thanked: 660 times
GMAT Score:770

by Jim@StratusPrep » Fri Oct 26, 2012 9:18 am
For the profit:

1.2x = 96, or x = 80 for a profit of 16 (96-80)

For the loss:

.8x = 96, or x =120 for a loss of 24 (96-120)

Net loss is 16 -24 = -8, or an $8 loss
GMAT Answers provides a world class adaptive learning platform.
-- Push button course navigation to simplify planning
-- Daily assignments to fit your exam timeline
-- Organized review that is tailored based on your abiility
-- 1,000s of unique GMAT questions
-- 100s of handwritten 'digital flip books' for OG questions
-- 100% Free Trial and less than $20 per month after.
-- Free GMAT Quantitative Review

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