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EXECUTIVE MBA

PROGRAM

Executive Assessment Prep:


Quantitative Reasoning
Kathleen.Fitzgerald@chicagobooth.edu
November 2020

Executive Assessment
https://www.gmac.com/executive-assessment/about/assessment-structure

The assessment evaluates the data-driven skills you use every day that are critical both at work and in your business program. The
assessment is composed of three sections: Integrated Reasoning, Verbal Reasoning, and Quantitative Reasoning, totaling 40 questions. The
scale for each section of the assessment is 0 to 20. The total scale ranges from 100 to 200, and all three sections are equally weighted in
determining your total.

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Quantitative Reasoning

•  Study

•  No calculator

•  Two types of questions


•  Data sufficiency
•  Problem solving

•  Two modules
•  7 questions each
•  Difficulty of the second module depends on performance on the first module
•  Can flag and review questions within sections

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Executive Assessment Prep 3

Resources

•  GMAC website
•  Create an account
•  https://www.gmac.com/executive-assessment/about-ea

•  Free practice questions


•  https://www.gmac.com/executive-assessment/take-ea/preparation

•  Other online prep or tutoring – do a Google search


•  https://brilliant.org/daily-problems/
•  https://www.khanacademy.org/
•  https://ea.empowergmat.com/?gclid=Cj0KCQiA-rj9BRCAARIsANB_4ACwRtK0mPng1-
NLJlVJH_s7pez1p1QJl4z9Io5ZUjNmOZ1myu1WvGEaAmMmEALw_wcB
•  https://www.manhattanprep.com/executive-assessment/

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GMAC
Arithmetic

1.  Properties of Integers


2.  Fractions
3.  Decimals
4.  Real Numbers
5.  Ratio and Proportion
6.  Percents
7.  Powers and Roots of Numbers
8.  Descriptive Statistics
9.  Sets
10.  Counting Methods
11.  Discrete Probability

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Executive Assessment Prep 5

GMAC
Algebra

1.  Simplifying Algebraic Expressions


2.  Equations
3.  Solving Linear Equations with One Unknown
4.  Solving Two Linear Equations with Two Unknowns
5.  Solving Equations by Factoring
6.  Solving Quadratic Equations
7.  Exponents
8.  Inequalities
9.  Absolute Value
10.  Functions

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EXECUTIVE MBA
PROGRAM

Section 1:
Arithmetic

Integers

What is an integer?

Divisors and factors:

Quotients and remainders:

Prime Numbers:

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Integers

Even and Odd Integers:

Consecutive integers:

Consecutive even integers:

Consecutive odd integers:

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Integers

Odd + Odd =
Odd + Even =
Even + Even =

Odd * Odd =
Even * Even =
Odd * Even =

Even/Even ?
Even/Odd ?
Odd/Even ?
Odd/Odd ?

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Integers

Properties of 0:

Properties of 1:

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Order of Operations

1.  An operation inside a parentheses. If parentheses are included in other parentheses


then work inside out.

2.  Exponentiations and roots

3.  Multiplication and division

4.  Additions and subtractions

5.  If there is more than one operation with the same priority then go left to right

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Order of Operations
Practice

42 + 8 (3 * 2) =

2(4 + 3) + (-16) (4 – 6) =

{15 – (3 * 2)} ÷ 3 =

(3 + 4)2 =

(32 + 42) =

[32 – (22 * 4)] + 7 =

(2) (3) + (3) (4) – (4) (5) =

7 * 8 ÷ 4 – 20 =

-32 =

(-3)2 =

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Fractions

Numerator:

Denominator:

Fraction:

Mixed Number:

Equivalent fractions:

Greatest common divisor:

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Fractions

Addition and Subtraction when denominators are the same

Addition and subtraction when denominators are not the same

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Fractions

Multiplication

Reciprocal

Division

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Fractions
Practice

Solve the following expressions:

1/2 + 5/2 =

1/2 – 1/3 =

1/12 + 1/6 =

1/2 * 4/7 =

1/4 * (6/7 – 1/8) =

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Fractions
Practice

Simplify the following expressions:

1 – 1/x =

(1 + 1/x) / (1 – 1/x) =

(x – 1) / ((x – 5) (x – 1)) =

1 / (1/a + 1/b) =

((a + 2b) (3a + 6)) / 25 (a + 2b) =

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Decimals

Placement of decimal and value of the digits:

Ones or units

Thousandths
Hundredths
Thousands

Hundreds

Tenths
Tens
7 , 6 5 4 . 3 2 1

Scientific Notation:

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Decimals

Addition and Subtraction:

Multiplication and Division:

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Real Numbers
Properties

•  Commutative property of addition/multiplication

•  Associative property of addition/multiplication

•  Additive identity

•  Additive inverse

•  Multiplicative identity

•  Multiplicative inverse

•  Distributive property

•  Transitive property of equalities and inequalities

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Real Numbers

If a and b are both positive, then ab is _________

If a and b are both negative then ab is _________

If one of a or b is positive and the other is negative, then ab is _______

If ab = 0, then a = ________ or b = _______

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Absolute Value

What is absolute value?

Properties:

Examples:

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Absolute Value
Practice

2 + |3 – 8| =

2 * |2 – 4| =

|(3) (-2) – 6| – 15 =

|3 * 4| ÷ 2 =

|(3) (-4)| ÷ 2 =

|(3) (-4)| ÷ (-2) =

|(2) (-5) – 5| – 5 =

(-15) ÷ |3 * 2 – 1| =

8 + |(3) (-6) + 14| =

3 + |(5) (-2) + 1| – 16 =

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Ratios and Proportions

Ratios:

Proportions:

Examples:

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Percentages

What is a percent?

Calculating percentages:

Measuring a percentage change, e.g., growth or return or rate

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Percentages
Practice

Convert the following into percentages:

0.23 =

0.011 =

2=

5/20 =

9/5 =

(0.2)2 =

Solve the following: If earnings were $1,000 in 2017, $1,200 in 2018, and $1,000 in
2019, what were the percentage changes from 2017 to 2018 and from 2018 to 2019?

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Powers and Roots

bn =
b0 =
b1 =
b-1 =
bn * b m =
(bn)m =

(bc)n =
(a/b)n =
b-n =
bn / bm =

bn/m =

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Powers and Roots
Practice

Simplify the following expressions:

38 * 32 =

4m * 4 n =

2hip * 2hop =

104 * 1010 * 106 =

Δ9 * Δ6 =

t2n * t3n =

(xy)w * (xy)z =

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Powers and Roots


Practice

Rewrite the following terms using only positive exponents:

3x-2y-3 =

x3y-2 =

r2f -3x-5j8 =

​n↑2 ​x↑3 ​𝑝↑−4 /​​6↑−2 m↑2 ​r↑−2   =

​a↑−n ​b↑−m ​c↑−p /​d↑−x ​e↑−y ​f↑−z   =

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Powers and Roots

What happens when you square a number that is > 1?

What happens when you square a number that is between 0 and 1?

What is a square root?

Is the square root of a negative number a real number?

How many square roots does every positive number, n, have?

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Descriptive Statistics

Mean

Median

Mode

Variance

Standard Deviation

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Descriptive Statistics

Covariance

Correlation

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Other Topics

We will cover in the IR section.

•  Sets
•  Counting Methods
•  Discrete Probability

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EXECUTIVE MBA
PROGRAM

Section 2:
Algebra

Algebra

1.  Simplifying Algebraic Expressions


2.  Equations
3.  Solving Linear Equations with One Unknown
4.  Solving Two Linear Equations with Two Unknowns
5.  Solving Equations by Factoring
6.  Solving Quadratic Equations
7.  Exponents
8.  Inequalities
9.  Absolute Value
10.  Functions

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Algebra Basics

Whatever you do to one side of an equation, do the same thing on the other side:
•  Add/subtract the same number
•  Multiply/divide both sides by the same number

Postulates:
•  a=a
•  a=b is the same as b=a
•  If a=c and b=c then a=b
•  If a=b
•  a+c = b+c
•  a-c = b-c
•  ac=bc
•  a/c =b/c
•  If a=b then you can substitute a in the place of b anywhere that b appears in an expression

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Simplification

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One equation with one unknown
Practice

Solve for the unknown variable: 2(3 – b) – 2b = 6(-b + 2) – 26

Solve for x, x>0: ax2 = b

Translate into an equation and solve: Two times the quantity of six less than a number
equals the opposite of the number.

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Two equations with two unknowns


Practice

Solve each pair of equations to find the intersection point and then graph them to
confirm that they intersect here:

x+y=1
2y – x = 8

y – 3x = 3
y + 2x = -2

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Two equations with two unknowns
Practice

5x – 2y = 12
3x + 2y = 4

2y – x = 12
4x + y = -3

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Exponents

•  Covered in last section, under roots and powers

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Inequalities

•  Not equal to

•  Greater than

•  Greater than or equal to

•  Less than

•  Less than or equal to

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Solving Inequalities

•  Adding or subtracting the same number to/from each side of an inequality does not
change the direction of the inequality symbol.

•  Multiplying or dividing each side of an inequality by a positive number does not change
the direction of the inequality symbol.

•  Multiplying or dividing each side of an inequality by a negative number reverses the


direction of the inequality symbol.

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Inequalities
Practice

Solve for x:

10 + 2x > 12

4 – (12 – 3x) ≤ -5

4x + (3x – 7) > 2x – (28 – 2x)

5 – 3x ≤ 23

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Absolute Value

•  Covered in last section, under Absolute Value

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Functions

•  Describes a relation between 1 or many variables

•  A rule that assigns to each element in the domain one and only one element in the
range

•  Domain – Rule – Range


Input – Rule – Output
Independent Variable – Rule – Dependent Variable

•  Notation: f(x), F(x), g(x), U(x,y), etc...

•  Utility, Cost, Demand, Supply, Production…

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Functions

Types of functions

Linear functions of 1 variable


•  1 independent and 1 dependent variable
•  Neither raised to any power > 1
•  Neither in the denominator
•  No term is a product of the independent/dependent variables

Point-Slope Formula

Plotting

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Functions
Examples

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Quadratic Functions
x2 + 4x + 3

https://www.desmos.com/calculator/dz0kvw0qjg

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Factoring

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Quadratic Equation

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Practice Problem Solutions
Order of Operations: Fractions: Powers and Roots:
42 + 8 (3 * 2) = 64 1/2 + 5/2 = 6/2 = 3 38 * 32 = 310
2(4 + 3) + (-16) (4 – 6) = 46 1/2 – 1/3 = 3/6 – 2/6 = 1/6 4m * 4n = 4m+n
{15 – (3 * 2)} ÷ 3 = 3 1/12 + 1/6 = 1/12 + 2/12 = 3/12 = 1/4
2hip * 2hop = 2hip+hop
(3 + 4)2 = 49 1/2 * 4/7 = 4/14 = 2/7
104 * 1010 * 106 = 1020
(32 + 42) = 25 1/4 * (6/7 – 1/8) = 1/4 * (48/56 – 7/56)
= 1/4 * 41/56 = 41/224 Δ9 * Δ6 = Δ15
[32 – (22 * 4)] + 7 = 0
(2) (3) + (3) (4) – (4) (5) = -2 1 – 1/x = ​𝐱−𝟏/𝐱  t2n * t3n = t5n
(xy)w * (xy)z = (xy)(w+z)
7 * 8 ÷ 4 – 20 = -6 (1 + 1/x) / (1 – 1/x) = ​𝐱+𝟏/𝐱−𝟏 
-32 = -9 (x – 1) / ((x – 5) (x – 1)) = ​𝟏/𝐱−𝟓  3x-2y-3 = ​𝟑/​𝐱↑𝟐 ​𝐲↑𝟑  
(-3)2 = 9
1 / (1/a + 1/b) = ​𝐚𝐛/𝐚+𝐛  x3y-2​𝐱↑𝟑 /​𝐲↑𝟐  
=
((a + 2b) (3a + 6)) / 25 (a + 2b) = ​
Absolute Value:
Percentages: ​𝐫↑𝟐 ​𝐣↑𝟖 /​
r2f -3x-5j8 =
2 + |3 – 8| = 7 𝟑𝐚+𝟔
0.23 = 23%
/𝟐𝟓  𝐟↑𝟑 ​𝐱↑𝟓  
2 * |2 – 4| = 4
|(3) (-2) – 6| – 15 = -3 0.011 = 1.1%
|3 * 4| ÷ 2 = 6 2 = 200% ​n↑2 ​x↑3 ​𝑝↑−4 /​​
|(3) (-4)| ÷ 2 = 6
5/20 = 25% 6↑−2 m↑2 ​r↑−2  
= ​𝟑𝟔𝐧↑𝟐 ​𝐱↑𝟑 ​
|(3) (-4)| ÷ (-2) = -6 9/5 = 180%
(0.2) = 4%
2
|(2) (-5) – 5| – 5 = 10
(-15) ÷ |3 * 2 – 1| = -3
𝐫↑𝟐in /​2019,
If earnings were $1,000 in 2017, $1,200 in 2018, and $1,000 𝐦↑what
𝟐 ​𝐩↑𝟒  
were the percentage changes from 2017 to 2018 and from 2018 to 2019?
8 + |(3) (-6) + 14| = 12 ​a↑−n ​b↑−m ​
2017 to 2018: (1,200 – 1,000) / 1,000 = 200 / 1,000 = 20%
3 + |(5) (-2) + 1| – 16 = -4
c↑−p /​d↑−x ​
2018 to 2019: (1,000 – 1,200) / 1,200 = -200 / 1,200 = -16.67%

e↑−y ​f↑−z   = ​𝐝↑𝐱 ​
Executive MBA Program
Executive Assessment Prep 𝐞↑𝐲 ​𝐟↑𝐳 /​𝐚↑𝐧 ​ 53

𝐛↑𝐦 ​𝐜↑𝐩  

Practice Problem Solutions

One Equation with One Unknown: Two Equations with Two Unknowns: Inequalities:
2(3 – b) – 2b = 6*(-b + 2) – 26 x+y=1 5x – 2y = 12 10 + 2x > 12
2y – x = 8 3x + 2y = 4
6−2b−2b=−6b+12−26 2x>2
−2b−2b+6b=12−26−6 x=1−y 2y=5x−12 𝐱>𝟏
2b=−20 2y−(1−y)=8 3x+(5x−12)=4

b=−𝟏𝟎 3y−1=8 8x=16


4 – (12 – 3x) ≤ -5

3y=9 4−12+3x≤ −5
𝐱=𝟐
ax2 = b 𝐲=𝟑 3x≤3
y=​5x−12/2 =​
x=√ ​𝐛/𝐚   𝐱=−𝟐 𝐱≤𝟏

10−12/2 
Two times the quantity of six less than a 𝐲=−𝟏 4x + (3x – 7) > 2x – (28 – 2x)
number equals the opposite of the number. y – 3x = 3
y + 2x = -2
4x+3x−7>2x−28+
2(x−6)=−x 2x
y=3x+3 2y – x = 12
2x−12=−x 3x>−21
3x=12 (3x+3)+2x=−2 4x + y = -3
𝐱>−𝟕
5x=−5 x=2y−12
𝐱=𝟒
𝐱=−𝟏 5 – 3x ≤ 23
4∗(2y−12)+y=
y+2∗−1=−2 −3x≤18
−3
𝐲=𝟎 −x≤6
8y−48+y=−3
Executive MBA Program 𝐱≥−𝟔
Executive Assessment Prep 9y=45 54

𝐲=𝟓
x=2∗5−12
𝐱=−𝟐
EXECUTIVE MBA
PROGRAM

GMAC Free Practice Problems


Data Sufficiency
https://www.gmac.com/executive-assessment/take-
ea/preparation/quant-ea-questions/data-sufficiency-
questions.aspx

Answer Format (12TEN)

A.  Statement (1) ALONE is sufficient but statement (2) ALONE is not sufficient.

B.  Statement (2) ALONE is sufficient but statement (1) ALONE is not sufficient.

C.  BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is
sufficient.

D.  EACH statement ALONE is sufficient.

E.  Statements (1) and (2) TOGETHER are not sufficient.

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Practice Problem

What is the average (arithmetic mean) of a, b, and c ?

(1) a + 2b + 3c = 10
(2) 3a + 2b + c = 14

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Practice Problem

By what percent was the price of a certain candy bar increased?

(1) The price of the candy bar was increased by 5 cents.


(2) The price of the candy bar after the increase was 45 cents.

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Practice Problem

Is the integer n odd?

(1) n is divisible by 3.
(2) n is divisible by 5.

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Practice Problem

A shirt and a pair of gloves cost a total of $41.70. How much does the pair of gloves cost?

(1) The shirt costs twice as much as the gloves.


(2) The shirt costs $27.80.

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Practice Problem

If on a fishing trip Jim and Tom each caught some fish, which one caught more fish?

(1) Jim caught 2/3 as many fish as Tom.


(2) After Tom stopped fishing, Jim continued to fish until he caught 12 fish.

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Practice Problem

From May 1, 1960 to May 1, 1975 the closing price of a share of stock X doubled. What
was the closing price of a share of stock X on May 1, 1960?

(1) From May 1, 1975, to May 1, 1984, the closing price of a share of stock X doubled.
(2) From May 1, 1975, to May 1, 1984, the closing price of a share of stock X increased
by $4.50.

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Practice Problem

Buckets X and Y contained only water and bucket Y was 1/2 full. If all of the water in
bucket X was then poured into bucket Y, what fraction of the capacity of Y was then filled
with water?

(1) Before the water from X was poured, X was 1/3 full.
(2) X and Y have the same capacity.

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Practice Problem

If r and s are integers, is r divisible by 7?

(1) The product rs is divisible by 7.


(2) s is not divisible by 7.

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EXECUTIVE MBA
PROGRAM

GMAC Free Practice Problems


Problem Solving
https://www.gmac.com/executive-assessment/take-
ea/preparation/quant-ea-questions/problem-solving-
questions.aspx

Practice Problem

Dick and Jane each saved $3,000 in 1989. In 1990 Dick saved 8 percent more than in
1989, and together he and Jane saved a total of $5,000. Approximately what percent less
did Jane save in 1990 than in 1989?

A. 8%
B. 25%
C. 41%
D. 59%
E. 70%

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Practice Problem

The table below represents the combined net income of all United States companies in
each of five sectors for the second quarter of 1996. Which sector had the greatest net
income during the first quarter of 1996?

A. Basic Materials
B. Energy
C. Industrial
D. Utilities
E. Conglomerates

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Practice Problem

According to the table below, the number of fellows was approximately what percent of
the total membership of Organization X ?

A. 9%
B. 12%
C. 18%
D. 25%
E. 35%

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Practice Problem

The regular price per can of a certain brand of soda is $0.40. If the regular price per can
is discounted 15 percent when the soda is purchased in 24-can cases, what is the price
of 72 cans of this brand of soda purchased in 24-can cases?

A. $16.32
B. $18.00
C. $21.60
D. $24.48
E. $28.80

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Practice Problem

Increasing the original price of an article by 15 percent and then increasing the new price
by 15 percent is equivalent to increasing the original price by:

A. 32.25%
B. 31.00%
C. 30.25%
D. 30.00%
E. 22.50%

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Practice Problem

One hour after Yolanda started walking from X to Y, a distance of 45 miles, Bob started
walking along the same road from Y to X. If Yolanda’s walking rate was 3 miles per hour
and Bob’s was 4 miles per hour, how many miles had Bob walked when they met?

A. 24
B. 23
C. 22
D. 21
E. 19.5

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Practice Problem

If the population of a certain country increases at the rate of one person every 15
seconds, by how many persons does the population increase in 20 minutes?

A. 80
B. 100
C. 150
D. 240
E. 300

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Practice Problem

Is A 5,6,7,8,9?

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Practice Problems (GMAC)


Data Sufficiency

During week W, how much did it cost, per mile, for the gasoline used by car X?

(1)  During Week W, car X used gasoline that cost $1.24 per gallon.
(2)  During Week W, car X was driven 270 miles.

In a school election, if each of the 900 voters voted for ether Edith or José (but not both), what percent
of the female voters in this election voted for José?

(1)  Eighty percent of the female voters voted for Edith.


(2)  Sixty percent of the male voters voted for José.

Two cars, S and T, each traveled a distance of 50 miles. Did car S use more gasoline than car T?

(1)  Cars S and T traveled the entire distance at rates of 55 miles per hour and 50 miles per hour,
respectively.
(2)  For the entire distance, car S traveled 20 miles per gallon of gasoline and car T traveled 25 miles
per gallon of gasoline.

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Practice Problems (GMAC)
Data Sufficiency

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Practice Problems (GMAC)

At the rate of m meters per s second, how many meters does a cyclist travel in x minutes?

If Sam were twice as old as he is, he would be 40 years older than Jim. If Jim is 10 years younger than
Sam, how old is Sam?

Options are 11, 12, 13, 21, 31

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Thank you!

77

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