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 7 seats left
Chris Peckover
NEXT LIVE COHORT

Oct 13 to Jan 7, 2027

with Chris Peckover

Schedule
Tue, Thu · 8:00 to 10:00 PM ET
Included
40 live hours + 6 months of GMAT OnDemand
  • Live instruction and real-time questions
  • Class recordings and assigned practice
View class & enroll
Limited cohort · enrollment openTarget Test Prep
EALiveTeach 5 seats left
Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

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
Limited cohort · enrollment openTarget 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

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

To find the fraction of people earning more than 40K

Expert replies
by gmattesttaker2 » Fri Mar 07, 2014 11:27 pm
Hello,

Can you please tell me if my solution is correct:

What fraction of the people who attended a conference had an income of more than
$40,000 a year?

(1) 20% of the people at the conference had an income which was more than or equal to
$40,000 a year.
(2) 5% of the people at the conference had an income of $40,000 a year.

OA: C


I was trying to solve this as follows:

Since the question is asking for a faction, let the total number of people at the conference be 100.

So we need to find the number of people who have an income of more than $40,000

1) 20 people have an income greater than or equal to 40K - in-suff.
2) 5 people have an income of 40K - in-suff.

1 and 2: 15 people have an income greater than 40K.

I was wondering if this solution is correct?

Thanks,
Sri
Join the discussion
Source: — Data Sufficiency |

by Brent@GMATPrepNow » Sat Mar 08, 2014 8:35 am
gmattesttaker2 wrote:Hello,

Can you please tell me if my solution is correct:

What fraction of the people who attended a conference had an income of more than $40,000 a year?

(1) 20% of the people at the conference had an income which was more than or equal to $40,000 a year.
(2) 5% of the people at the conference had an income of $40,000 a year.

OA: C


I was trying to solve this as follows:

Since the question is asking for a faction, let the total number of people at the conference be 100.

So we need to find the number of people who have an income of more than $40,000

1) 20 people have an income greater than or equal to 40K - in-suff.
2) 5 people have an income of 40K - in-suff.

1 and 2: 15 people have an income greater than 40K.

I was wondering if this solution is correct?

Thanks,
Sri
Your solution is perfect, Sri.
The important part here is to recognize that the question involves the fraction of attendees who earn MORE THAN $40,000.
Statement 1 tells us the percent who earn a salary that is either MORE THAN or EQUAL TO $40,000
Statement 2 tells us the percent who earn a salary that is EQUAL TO $40,000

So, as you pointed out, we need both statements (C)

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image
Join the discussion

by Matt@VeritasPrep » Sat Mar 08, 2014 10:32 am
That's a great approach!

Another way to set it up:

Suppose that there are x people making more than $40,000, y people making exactly $40,000, and z people making less than $40,000. We want x/(x+y+z), or the fraction of the total making MORE than $40,000.

S1 tells us that (x+y)/(x+y+z) = 1/5. Insufficient, because we can't eliminate y.
S2 tells us that y/(x+y+z) = 1/20. Insufficient, because we can't isolate x.

Together, however, we have

(x+y)/(x+y+z) - y/(x+y+z) = x/(x+y+z)

Or (1/5) - (1/20) = the fraction we want. Success!
Join the discussion