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.

Percent Increase

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
Junior | Next Rank: 30 Posts
Posts: 14
Joined: Mon Jan 14, 2013 1:41 pm
by outty » Tue May 20, 2014 5:50 pm
The original price of an item was increased by 24 percent. The new price was then increased by p percent, resulting in a final price. If the final price was 55 percent greater than the original price, what is the value of p?

a. 24
b. 25
c. 28
d. 31
e. 43

b
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
User avatar
Junior | Next Rank: 30 Posts
Posts: 14
Joined: Mon Jan 14, 2013 1:41 pm

by outty » Tue May 20, 2014 5:51 pm
I'm not having a problem with setting up the problem to find the percent increase. My issue lies with the computation of the final percent. you have a fraction of 155/124 which equals 1.25. I may be just having a really bad moment here, but I just don't see it.

Thanks in advance.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY

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 May 20, 2014 10:57 pm
Hi outty,

This question can be approached in a number of ways. If you're going to focus on the algebraic approach, then here's what you need to know:

Original Price = X

Then it was increased by 24% = 1.24X

This price was then increased by P%....and the final price was 55% greater than the original price = 1.55X

We're asked to solve for P.....

Since 1.24X was increased by P% to = 1.55X, then here's how you solve for P....

1.24X + (1.24X)P = 1.55X

1.24X(1+ P) = 1.55X

1+ P = 1.55X/1.24X

1+ P = 1.55/1.24

1+ P = 1.25

P = .25 = 25%

Final Answer: B

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
User avatar
GMAT Instructor
Posts: 15539
Joined: Tue May 25, 2010 12:04 pmFollowed by: 1906 members
Location: New York, NY
Thanked: 13060 times
GMAT Score:790

by GMATGuruNY » Tue May 20, 2014 11:02 pm
outty wrote:The original price of an item was increased by 24 percent. The new price was then increased by p percent, resulting in a final price. If the final price was 55 percent greater than the original price, what is the value of p?

a. 24
b. 25
c. 28
d. 31
e. 43

b
Let the original price = 100.
Price increased by 24% = 100 + 24% of 100 = 124.
Since the final price is 55% greater than the original price, the final price = 100 + 55% of 100 = 155.
p = percent increase from 124 to 155 = Difference/Smaller * 100 = (155-124)/124 * 100 = 25.

The correct answer is B.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1