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 →

The value of a share was 25% less in the 2nd quarter over the 1st quarter, and 20% more in the 3rd quarter over the 2nd

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 » Fri May 01, 2020 5:00 pm

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty—

The value of a share was 25% less in the 2nd quarter over the 1st quarter, and 20% more in the 3rd quarter over the 2nd quarter. What should be the percentage change in the value from 3rd to 4th quarter, if the percentage increase of the value from 1st to 4th quarter is 20%?

A. -33.3%
B. -20%
C. 0
D. +20%
E. +33.3%


OA E

Source: e-GMAT
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Legendary Member
Posts: 2214
Joined: Fri Mar 02, 2018 2:22 pmFollowed by: 5 members

Re: The value of a share was 25% less in the 2nd quarter over the 1st quarter, and 20% more in the 3rd quarter over the

by deloitte247 » Sun May 03, 2020 5:06 am
Given that value of a share :
2nd quarter = 25% less than 1st quarter
3rd quarter = 20% more than 2nd quarter
4th quarter = 20% more than 1st quarter

Target question => What should be the percentage change in the value from 3rd to 4th quarter?

Let value of a share in 1st quarter = 100
2nd quarter = 100 * (100% - 25%) = 100 * 75% = 75
3rd quarter = 75 * (100 + 20 %) = 75 * 120% = 90
4th quarter = 100 * (100% + 20%) = 100 * 120% = 120

Between the 3rd and 4th quarter, there is a percentage increase
$$\%\ increase\frac{120\ -\ 90}{90}\cdot\frac{100}{1}=\ \frac{30}{90}\cdot\frac{100}{1}$$
$$\frac{1}{3}\cdot100\ =\ 33.33\%$$
$$Answer\ =\ +33.33\%$$

Answer = E
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1