All The Quant Flashcards
The price of a cup of coffee increased from 80 cents to 84 cents. By what percent did the price change?
See: change
Do: percent change = change in value / original value
x/100 = 4/80 x/100 = 1/20 20x = 100 x = 5
If the price of a $30 shirt is decreased by 20%, what is the final price of the shirt?
See: decreased by
Do: new percent (of the original) = new value / original value
80/100 = x/30
4/5 x 30 = x
24 = x
What number is 50% greater than 60?
See: 50% greater than means 150%
Do: x = 150% x 60
x = 3/2 x 60
x = 90
If a ticket increased in price by 20%, and then increased again by 5%, by what percent did the ticket price increase in total?
See: increase x2 (separate increases)
Do: Smart numbers
Ticket original price: 100
100 + 100 * 20% = 20 so new total = 120
120 + 120 * 5% = 126
If 1,500 is increased by 20% and then reduced by y%, yielding 1,080, what is y?
See: increased by and reduced by…
(original number - {x%/100 * original number} = reduced number)
Do: 1500 * 120% = 1800 ..now to find y
1800 - (y/100 * 1800) = 1080 1800 - 1800y/100 = 1080 1800 - 1080 = 1800y/100 720 = 18y 40 = y
What is 10/22 of 5/18 of 2000?
See: opportunity to estimate, close to nicer fractions
Do: 10/22 is a bit less than 1/2 , 5/18 is a bit more than 1/4
1/2 of 1/4 of 2000 = 250 therefore the answer is approx. 250
(think of rounding up or down to balance each other)
Is c = d?
(1) cd = 1
(2) |c| = d
See: DS Y/N question theory problem (|x|) only variables
Think: Test numbers (negative and positive)
See: Problem Solving
Contains variables with no real numbers
Profit
Answers in Terms of x
Think: Smart Numbers, avoid 0 and 1
Profit = Revenue - Cost
Do: Choose Smart Numbers, solve.
Plug x smart number into AC to find the answer I solved for
See: “must”, variables, >0
Think: testing a must theory, testing cases, negative and positive
Do: Solve with one test both negative and one test both positive for each AC
See: PS with percentages in answers, no real values given
Think: Smart numbers, avoid 0 and 1
Since % problem, use 100
Do: Solve starting with $100
See: Problem Solving, variables in the answers, no real numbers
Think: Smart numbers
See: PS with “must” theory language, variables
Exponents, >0
Think: Test Cases… test negatives, fractions between 0 and 1, and 0 and 1 themselves
Solve: make chart to keep AC’s organized
See: Percents problem, answers are close together so estimation not a good choice.
Think: percent change formula (change in value / original value * 100%) - typical being original.
Solve: Calculate typical dose per 120 pounds then apply percent change formula
See: a^2 + b^2 as a special product
Think: a^2 + b^2 = (a+b)(a-b)
Solve.
See: Area (this is a formula question), the potential 3-4-5 triangle at origin
Think: A = 1/2(bXh)