During the 2nd quarter of 1984, a total of 2,976,000 domestic cars were sold. If this was 24 percent greater than the number sold during the first quarter of 1984, how may were sold during the first quarter?
A) 714,240
B) 2,261,760
C) 2,400,000
D) 3,690,240
E) 3,915,790
I get intimidated by these questions and panic without a calculator. Time saving tips?
Domestic cars
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We know that 2,976,000 is 24% GREATER THAN the correct answer choice.GmatGreen wrote:During the 2nd quarter of 1984, a total of 2,976,000 domestic cars were sold. If this was 24 percent greater than the number sold during the first quarter of 1984, how may were sold during the first quarter?
A) 714,240
B) 2,261,760
C) 2,400,000
D) 3,690,240
E) 3,915,790
I get intimidated by these questions and panic without a calculator. Time saving tips?
Answer choices D and E are both greater than 2,976,000, so we can ELIMINATE them.
Answer choice A is far too small. 2,976,000 is more than 300% greater than 714,240. So, ELIMINATE A.
This leaves us with either B or C.
C is nicer to work with, so let's test it first.
Is 2,976,000 24% greater than 2,400,000?
Well, 25% (aka 1/4) of 2,400,000 is 600,000
If we add 600,000 to 2,400,000, we get 3,000,000 (which is CLOSE to 2,976,000)
From here, we can assume that since 24% is a LITTLE LESS than 25%, then a 24% increase would result in a value a LITTLE LESS 3,000,000 (perfect - is a 2,976,000 LITTLE LESS than 3,000,000)
So, the correct answer is C
Cheers,
Brent
- Abhishek009
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Let in the first quarter 100 pcs were sold , given that there is an increase in 24% so no of units sold in the second quarter is 124 PcsGmatGreen wrote:During the 2nd quarter of 1984, a total of 2,976,000 domestic cars were sold. If this was 24 percent greater than the number sold during the first quarter of 1984, how may were sold during the first quarter?
A) 714,240
B) 2,261,760
C) 2,400,000
D) 3,690,240
E) 3,915,790
I get intimidated by these questions and panic without a calculator. Time saving tips?
here 124 ~ 2,976,000 ( Since it is given - During the 2nd quarter of 1984, a total of 2,976,000 domestic cars were sold )
So 1 ~ 2,976,000 /124 (2,400,0)
Therefore 100 ~ 2,400,000
Hence answer is (C)
Abhishek
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The answer choices represent the number of cars sold in the first quarter -- a value that increases by 24% in the second quarter:GmatGreen wrote:During the 2nd quarter of 1984, a total of 2,976,000 domestic cars were sold. If this was 24 percent greater than the number sold during the first quarter of 1984, how may were sold during the first quarter?
A) 714,240
B) 2,261,760
C) 2,400,000
D) 3,690,240
E) 3,915,790
24% = 24/100 = 12/50 = 6/25.
Since the number of cars sold increases by 6/25, the correct answer choice must be a multiple of 25, implying that the last two digits must be 00, 25, 50, or 75.
The correct answer is C.
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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
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