# Practical GMAT Test Prep Questions

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Published on March 6, 2014

Author: manhattaneliteprep

Source: slideshare.net

## Description

Manhattan Elite Prep's article on Practical GMAT Test Prep Questions as featured in MBA Intelligence, May 2013.

Growing MARKET May 2013 Experts’ GMAT tips & tricks No5 share Luxury brand marketing STRATEGIES

MBAINTELLIGENCE MAY 2013 No5 3 Letter from the top: Editorial 25 Growing an online grocery business’ market share 4 The Popinator: How a small company’s marketing strategy went viral 46 Kaplan Test Prep: GMAT mythbusting from the top 9 Marketing & operations management at Aston Martin 51 Book Review: Roll the Bones by David G Schwartz 16 Practical GMAT test prep question from Manhattan Elite Prep 52 Essential Links and Resources for MBA’s 23 Back issues: What has MBA Intelligence been talking about? 53 Article References MBA Intelligence is published monthly by Redwood Apps Limited. MBA Intelligence reserves the right to prohibit the reproduction of the magazine in any manner, whole or part. MBA Intelligence considers its sources reliable and verifies as much data as possible, although inaccuracies can occur; consequently readers using this information do so at their own risk. Although persons and companies mentioned herein are believed to be reputable, MBA Intelligence does not accept any responsibility for their activities. 2

MBAINTELLIGENCE MAY 2013 No5 GMAT The GMAT Breakdown: Tips and Tricks by Manhattan Elite Prep 16

MBAINTELLIGENCE MAY 2013 No5 GMAT One Practice Problem If a real estate agent received a commission of 6 percent of the selling price of a certain house, what was the selling price of the house? (1) The selling price minus the real estate agent’s commission was \$84,600. (2) The selling price was 250 percent of the original purchase price of \$36,000. • Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient. • Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient. • BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient • EACH statement ALONE is sufficient. • Statement (1) and (2) TOGETHER are NOT sufficient. From (1) we know that \$84,600 is 94% (100% - 6%) of the selling price, and thus the selling price, \$84,600 / 0.94, can be determined. Therefore (1) alone is sufficient. While from (2) it follows that the selling price is 2.5(\$36,000). Thus, (2) alone is sufficient. The best answer is the fourth choice. To increase your speed it is important to practice your multiplication and divisibility. Learn the secret rule of 7 here. 19

MBAINTELLIGENCE MAY 2013 No5 GMAT Which of the following can be concluded from the passage above? (A) (B) (C) (D) People over the age of 55 produce less garbage than children below the age of 13.  The population has risen since 1995.  People between the ages of 13 and 55 are more than half of the current population.  Before 1995 people below the age of 13 and over the age of 55 produced a higher percentage of the total garbage than they do now.  (E) People between the ages of 13 and 55 produce more garbage than those that are younger or older. You can easily pick out the question type because you know that when you see concluded in a question, you are being asked an inference question. Using the limited information in the passage, you must deduce which option provides the most accurate conclusion. Option A seems possible, particularly because some may assume that people over the age of 55 produce more trash than people young than 13 – but a conclusion cannot come from your gut or even prior knowledge of a topic, if it’s not in the passage, it is wrong. Again B seems possible because the passage states the 13-55 constitutes a growing percentage of the population. However only that portion of the population is confirmed to be growing therefore B is too vague to be correct. C is easy to eliminate because it is a stretch and the least logical option compared to the first two. Answer choice D needs to be evaluated mathematically. If the increase in trash produced by 13-55 years olds has led them to now hold a higher percentage of total trash produced by all age groups, then the percentage of trash produced by those younger and older must have shrunk. Mathematically speaking, this is correct. However, because you must choose the best possible option, it is imperative to read all answers, unlike you would with say a math problem. The statement choice E is sneaky like a politician. It looks right because you would assume that if the majority percentage of trash comes from 13-55 years that people in that age group produce more trash. Sneaky right! But because the population is growing, there are likely more people in that age group which is why the percentage of trash produced increased. However this does not mean that people themselves are producing more trash, in fact they may even be producing less! This section can only be tackled successfully if you familiarize yourself with the different question types. If you learn to spot the buzzwords that signify a question type (that’s right read the question before the passage), you will know what to look for when reading the passage. Study outside of your GMAT book—read an analysis of the presidential debates, review Gallup polls. Familiarizing yourself with day-to-day critical reasoning will improve your instincts on test day. 21

MBAINTELLIGENCE MARCH 2013 No4 PUBLISH WITH US MBA Intelligence is looking for students, past or present, to publish their work showcasing their assignments on how they have applied their learnings. With a global reach we are unique in offering MBA students the ability to reach a wide and engaged audience of fellow students and of course potential employers. We are looking for articles drawn from, but not limited to: Strategy • Accounting and Financial Reporting • Economics • Marketing • Operations Management • Organisation Design / HRM • Application of Quantitative Tools and Techniques • Corporate Finance • Corporate Social Responsibility and Business Ethics As the only magazine out there that’s dedicated to the MBA it’s a great way to get your name out there and get your work seen by the right people. MBA INTELLIGENCE Get in touch with us for more information at editor@redwoodapps.com is looking for articles regarding South America’s growing economy and articles on sustainability, please get in contact if you have an assignment on either of these subjects follow MBA Intelligence on Twitter and Facebook 50

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