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.

kaplan average problem

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
Legendary Member
Posts: 1309
Joined: Wed Mar 17, 2010 11:41 pmFollowed by: 5 members
Thanked: 33 times
by pradeepkaushal9518 » Tue May 04, 2010 7:32 am
monday $75.38
tuesday $ 75.63
wednesday $75.42
thursday $ 75.52
friday

the table above shows the closing price of a stock during a week. if the average closing price for the five days was $75.50, what was the closing price on friday?
kindly solve without using the traditional way.

kindly rate the intensity of problem
easy, not easy, hard, very hard
or average,good,very good, excellent
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Master | Next Rank: 500 Posts
Posts: 385
Joined: Sun Jul 12, 2009 10:16 pmFollowed by: 2 members
Thanked: 29 times
GMAT Score:710

by debmalya_dutta » Tue May 04, 2010 7:36 am
Total =75.5*5
5th day closing price = (75.5*5) - (75.38+75.63+75.42+75.52) = 75.55
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Master | Next Rank: 500 Posts
Posts: 126
Joined: Wed Jun 24, 2009 1:12 pm
Location: Montreal
Thanked: 2 times
GMAT Score:510

by ssuarezo » Tue May 04, 2010 7:40 am
debmalya_dutta wrote:Total =75.5*5
5th day closing price = (75.5*5) - (75.38+75.63+75.42+75.52) = 75.55
Clear explanation. No need to redo it.
Rate: Easy.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
Legendary Member
Posts: 1309
Joined: Wed Mar 17, 2010 11:41 pmFollowed by: 5 members
Thanked: 33 times

by pradeepkaushal9518 » Tue May 04, 2010 7:57 am
sorry dudes its not the correct answer and its the traditional way only any body else
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Master | Next Rank: 500 Posts
Posts: 126
Joined: Wed Jun 24, 2009 1:12 pm
Location: Montreal
Thanked: 2 times
GMAT Score:510

by ssuarezo » Tue May 04, 2010 8:55 am
pradeepkaushal9518 wrote:sorry dudes its not the correct answer and its the traditional way only any body else
Pradeep,
Either traditional or not, we should get the same answers. it's an average question (unless stock pricing works diferently), so no mystery on it with new formulas. By the way, I dont know what it would be non traditional without being harder as, as far as I know, this is the simplest way to solve average problems.

Would u solve it with some of your non-traditional examples?

Thanks
Silvia
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
Legendary Member
Posts: 1309
Joined: Wed Mar 17, 2010 11:41 pmFollowed by: 5 members
Thanked: 33 times

by pradeepkaushal9518 » Tue May 04, 2010 9:15 am
sorry there is one mistake the monday closing is 75.58 in place of 75.38.
you will get the correct answer. but by this method we have to do a lots of calculation that is traditional way.

monday 75.58 average +0.08
tuesday 75.63 average+0.13
wednesday 75.42 average -0.08
thursday 75.52 average+0.02
after 4 days average +0.15

to make the values balance out the fifth day must be ( average-0.15) or 75.35

i expect this method as it contains less calculations

thanks silvia for your repsonse
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Legendary Member
Posts: 537
Joined: Fri Jan 22, 2010 10:06 pmFollowed by: 1 member
Thanked: 14 times

by frank1 » Tue May 04, 2010 9:34 am
i was astonished to know difference method yeilds different answers
but seems like it is not the case
any way if i were to do this in real gmat
i think i would do

thinking:the answer is 75.xx
now
(0.5*5) - (0.38+0.63+0.42+0.52) = 0.55
that addition seems long but it can be done at once and is manageble inside 2 minutes i guess...
i think in non traditional way you described,the problem is final average of 4 numbers
(if just addition can do why to derive average plus you are substracting each value individually as well)
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
Legendary Member
Posts: 526
Joined: Sat Feb 21, 2009 11:47 pm
Location: India
Thanked: 68 times
GMAT Score:680

by harshavardhanc » Tue May 04, 2010 10:24 am
pradeepkaushal9518 wrote:
monday $75.58
tuesday $ 75.63
wednesday $75.42
thursday $ 75.52
friday ?

Avg for 5 days : 75.50
4 days surplus is [ +(.08) + (.13) - (.08) + (.02) ] = .15

so the fifth day should be .15 less than the avg. i.e 75.35 .
Regards,
Harsha
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Legendary Member
Posts: 610
Joined: Fri Jan 15, 2010 12:33 amFollowed by: 2 members
Thanked: 47 times

by kstv » Tue May 04, 2010 4:48 pm
pradeepkaushal9518 wrote:sorry there is one mistake the monday closing is 75.58 in place of 75.38.
you will get the correct answer. but by this method we have to do a lots of calculation that is traditional way.
monday 75.58 average +0.08
tuesday 75.63 average+0.13
wednesday 75.42 average -0.08
thursday 75.52 average+0.02
after 4 days average +0.15
to make the values balance out the fifth day must be ( average-0.15) or 75.35
i expect this method as it contains less calculations
thanks silvia for your repsonse
what were the answer options, if so please post them ?
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1