Percentage is the idea of expressing a fraction whose denominator is 100 to aid comparison. You could expect a couple of questions in the GMAT quant section testing concepts covered in this topic. One is expected to be adept at interchangeably expressing values as fractions, decimals and percents.
Percentages, fractions are basic concepts that appear frequently as part of the GMAT Problem Solving section. Wizako's GMAT Math Lesson Book in this chapter covers the following concepts:
Here is a typical solved example in Wizako's GMAT Book from this chapter
In an examination a candidate who secured 20% of the maximum marks failed by 10 marks. Another candidate who secured 30% of the maximum marks got 20 marks more than the pass mark. What is the pass mark in this examination?
Let the pass mark in the examination be P and the maximum marks be M.
Candidate 1 secured 20% of maximum marks, which was 10 marks less than pass mark.
i.e., 20% of M = P - 10 ... (1)
Candidate 2 secured 30% of maximum marks, which was 20 marks more than pass mark.
i.e., 30% of M = P + 20 ... (2)
Subtract equation (1) from equation (2): 10% of M = 30
If 10% of the maximum marks is 30, maximum marks, M = 300
The pass mark is obtained by substituting M = 300 in one of the two equations.
In equation (1): 20% of M = P - 10
20% of 300 = P - 10
60 = P - 10
Or P = 70. Pass mark, P = 70
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