Quant: Fundamentals Flashcards

(38 cards)

1
Q

Before you multiply a fraction, you should check it can be [blank] first

A

Reduced

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2
Q

When you split up a denominator of a fraction?

A

never

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3
Q

You should [blank] fractions at every step during a problem to make it easier

A

Reduce

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4
Q

what is the mathematical translation of “percent” when setting up a percentage problem

A

/100

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5
Q

what is the mathematical translation of “of” when setting up a percentage problem

A

multiply (x)

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6
Q

what is the mathematical translation of “what” when setting up a percentage problem

A

x,y,or z (any variable

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7
Q

what is the mathematical translation of “is, are,were “ when setting up a percentage problem

A

= (equal sign)

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8
Q

Quick way to find 1% of any number

A

move decimal two places to the left

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9
Q

quick way to find 10% of a number

A

move decimal one place to the left

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10
Q

quick way to find 5% of a number

A

use the quick method to calculate 10 percent and then cut it by half

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11
Q

When you see percentage problems, what should you do at the beginning before you start solving?

A

Check the available responses to see how detailed you’ll need to be. If they aren’t close, then you can be more rough with your calculation to save time

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12
Q

Formula for percent change

A

(new-old)/old x 100

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13
Q

1/2 as a decimal

A

0.5

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14
Q

1/2 as a percent

A

50%

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15
Q

1/3 as a decimal

A

.33 (repeating)

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16
Q

1/3 as a percent

A

33.3% (repeating)

17
Q

2/3 as a decimal

A

.66 (repeating)

18
Q

2/3 as a percentage

A

66.6% (repeating)

19
Q

1/4 as a decimal

20
Q

1/4 as a percentage

21
Q

3/4 as a decimal

22
Q

3/4 as a percentage

23
Q

1/5 as a decimal

24
Q

1/5 as a percentage

25
2/5 as a decimal
.4
26
2/5 as a percentage
40%
27
3/5 as a decimal
.6
28
3/5 as a percentage
60%
29
4/5 as a decimal
.8
30
4/5 as a percentage
80%
31
1/6 as a decimal
.166 (6's repeating)
32
1/6 as a percentage
16.6% (6's repeating)
33
1/8 as a decimal
.125
34
1/8 as a percentage
12.5%
35
Do you need to calculate compound interest on the GMAT?
No, you just need to know the formula
36
How to handle rare compound interest questions on the GMAT (easy way)
calculate simple interest and assume it's a little bit more
37
Compound interest formula
principal + interest = principal x (1+r)^t
38
Gross Profit formula (2 variations)
Gross profit = revenues - expenses | Gross Profit = selling price - cost