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.

Tommy's office organizes company trips from its employees. The company allows employees to register for the trip for a

Expert replies
by Vincen » Fri Dec 11, 2020 1:03 am

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty

Tommy's office organizes company trips from its employees. The company allows employees to register for the trip for a down payment of \(\$63,\) a \(10\%\) markup over the amount the company spends per person on this trip. If employees change their minds, they can cancel their registration but will receive only a \(90\%\) refund on their payment. If \(100\) people registered for the trip but \(50\) canceled, and if the company does not spend money on canceled registrations, then what was Tommy's office's approximate profit or loss on the trip as a percentage of their total expenses?

A. \(15\%\) loss
B. \(20\%\) loss
C. \(10\%\) profit
D. \(15\%\) profit
E. \(20\%\) profit

Answer: E

Source: Economist
Join the discussion
Source: — Problem Solving |