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
Live EA class + 6 months of EA OnDemand
  • Expert-led weekly online sessions
  • EA Masterclass access between classes
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.

130-point 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.

In 2008, a certain factory produced 25% more widgets than it

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 7187
Joined: Thu Sep 07, 2017 4:43 pmFollowed by: 23 members
by BTGmoderatorDC » Tue Jul 02, 2019 8:42 pm

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty—

In 2008, a certain factory produced 25% more widgets than it did in 2007. In 2009 the company's production of widgets was 120% of its production in 2008. By approximately what percent would its production need to decrease the following year for the factory to produce the same number of widgets it did in 2007?

A. 33%
B. 45%
C. 50%
D. 64%
E. 67%

OA A

Source: Veritas Prep
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: 2623
Joined: Mon Jun 02, 2008 3:17 amFollowed by: 355 members
Location: Montreal
Thanked: 1090 times
GMAT Score:780

by Ian Stewart » Wed Jul 03, 2019 4:07 am
If we start with 100 widgets in 2007, we have 125 in 2008, and then (1.2)(125) = 150 in 2009. For this to decrease to 100, it needs to fall by 50, or by 50/150 = 33 1/3 %.
For online GMAT math tutoring, or to buy my higher-level Quant books and problem sets, contact me at ianstewartgmat at gmail.com

ianstewartgmat.com
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 8177
Joined: Sat Apr 25, 2015 10:56 amFollowed by: 29 members
Location: Los Angeles, CA
Thanked: 43 times

by Scott@TargetTestPrep » Sat Jul 06, 2019 5:09 pm
BTGmoderatorDC wrote:In 2008, a certain factory produced 25% more widgets than it did in 2007. In 2009 the company's production of widgets was 120% of its production in 2008. By approximately what percent would its production need to decrease the following year for the factory to produce the same number of widgets it did in 2007?

A. 33%
B. 45%
C. 50%
D. 64%
E. 67%

OA A

Source: Veritas Prep
We can let the number of widgets produced in 2007 be 100. Thus the number of widgets produced in 2008 is 100 x 1.25 = 125, and the number of widgets produced in 2009 is 125 x 1.2 = 150. To bring 150 back to 100, we need to decrease the production by:

(150 - 100)/150 x 100 = 50/150 x 100 = 1/3 x 100 = 33 â…“ percent

Answer: A

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