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

Redeem
TTP OnDemand GMAT Video Course
Featured Course

Target Test Prep GMAT OnDemand

Scott Woodbury-Stewart’s private virtual classroom — 400 hours of master-class video lessons for the GMAT Focus Edition.

  • 715+ score guarantee — highest in the industry (99th percentile)
  • 52 chapters · 1,500+ lessons · 4,000+ practice questions
  • 400 hours of video · 1,500+ instructor-led HD smartboard lessons
  • 300,000+ students accepted to Harvard, Stanford, Wharton, Booth & Sloan & more
  • 24/7 live support + weekly Zoom office hours with GMAT instructors
  • TTP AI Assist — 24/7 AI-powered virtual tutor for instant help
  • 1,200+ flashcards + AI-powered study assistant & daily calendar
  • OnDemand, LiveTeach & GMAT Bootcamp formats available
  • Also: GRE, SAT Math & Executive Assessment courses
  • MBA Admissions Consulting now available
  • 🏆 2025 EdTech Breakthrough Award: Test Prep Solution Provider of the Year
  • 200,000+ students served
  • 5-day free trial — $0 to start, no auto-billing, cancel anytime
★★★★★ 5.0 (559 reviews)
130-pt guarantee
$0 to start then $127/mo
Start Free 5-Day Trial Read 559 Reviews →

Last year, Andre's company gave him a year-end bonus that

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 2544
Joined: Sun Oct 15, 2017 1:50 pmFollowed by: 6 members
by BTGmoderatorLU » Tue Oct 02, 2018 2:43 pm

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty—

Source: Veritas Prep

Last year, Andre's company gave him a year-end bonus that was between $160 and $200. This year, his year-end bonus was 200% greater than it was the previous year. Which of the following could be the value of Andre's bonus this year, rounded to the nearest dollar?

A. $275
B. $375
C. $475
D. $575
E. $675

The OA is D.
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] » Tue Oct 02, 2018 3:56 pm
Hi All,

We're told that last year, Andre's company gave him a year-end bonus that was between $160 and $200 and this year, his year-end bonus was 200% GREATER than it was the previous year. We're asked which of the following COULD be the value of Andre's bonus this year, rounded to the nearest dollar? This question comes down to your understanding of percent increases and how specific wording impacts the math involved.

To start, here are some simple examples of the concept involved:
100% OF 100 = 100
100% GREATER than 100 = 100 + 100 = 200
200% GREATER than 100 = 100 + 200 = 300
Etc.

Using this knowledge, we can define the range of what Andre's bonus could be this year...
200% GREATER than $160 = 160 + 320 = $480
200% GREATER than $200 = 200 + 400 = $600
Thus, Andre's bonus has to be between $480 and $600. There's only one answer that fits...

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

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 8136
Joined: Sat Apr 25, 2015 10:56 amFollowed by: 29 members
Location: Los Angeles, CA
Thanked: 43 times

by Scott@TargetTestPrep » Wed Oct 03, 2018 4:54 pm
BTGmoderatorLU wrote:Source: Veritas Prep

Last year, Andre's company gave him a year-end bonus that was between $160 and $200. This year, his year-end bonus was 200% greater than it was the previous year. Which of the following could be the value of Andre's bonus this year, rounded to the nearest dollar?

A. $275
B. $375
C. $475
D. $575
E. $675
We are given that Andre received a bonus between $160 and $200 last year and that he received a bonus this year that was 200% greater than last year's bonus. The phrase "200% greater" means that Andre received a bonus this year that was 3 times as much as the one he received last year.

Let's determine a range for Andre's bonus this year. Had he received a bonus of 160 dollars last year, then this year he would have received a bonus of 160 x 3 = 480 dollars.

Had he received a bonus of 200 dollars last year, then this year he would have received a bonus of 200 x 3 = 600 dollars.

Thus, his bonus this year was between 480 and 600 dollars, so he could have received a bonus of 575 dollars.

Answer: D

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