We invite you to test your GMAT knowledge for a chance to win! Each week, we will post a new Challenge Problem for you to attempt. If you submit the correct answer, you will be entered into that week’s drawing for a free Manhattan GMAT Prep item. Tell your friends to get out their scrap paper and start solving!
Here is this week’s problem:
The value of investment Q increased by q percent from the beginning of a particular year through June 30 of that year, and then experienced no net change from June 30 to the end of the year. The value of investment P increased by p percent from the beginning of that year to June 30, and the new value increased again by p percent from June 30 to the end of the year. If the percent increase in value from the beginning to the end of the year was the same for both investments, which of the following expressions gives the value of p in terms of q?
To see the answer choices, and to submit your answer, visit our Challenge Problem Showdown page on our site.
Discuss this week’s problem with like-minded GMAT takers on our Facebook page.
The weekly winner, drawn from among all the correct submissions, will receive One Year of Access to our Challenge Problem Archive, AND the GMAT Navigator, AND Our Six Computer Adaptive Tests ($92 value).