GMAT 2025: Advanced Problem Solving and Critical Thinking Practice Questions - GMAT Preparation

Question 1

A business loan of $50,000 is to be repaid in 5 years with an annual interest rate of 8%. What is the total amount to be repaid?

Accepted Answer

C) $70,000

Answer

A) $60,000

Answer

B) $65,000

Answer

D) $75,000

Question 2

A company's market share increased from 10% to 15% in a year. If the total market size was $10,000,000, what was the increase in the company's revenue?

Accepted Answer

A) $500,000

Answer

B) $1,000,000

Answer

C) $1,500,000

Answer

D) $2,000,000

Question 3

A project has a budget of $200,000 and is expected to generate $300,000 in revenue. If the project's costs increase by 10%, what will be the new profit margin?

Accepted Answer

C) 35%

Answer

A) 25%

Answer

B) 30%

Answer

D) 40%

Question 4

A company's employee turnover rate decreased from 20% to 15% after implementing a new HR policy. If the company had 500 employees, how many fewer employees left the company?

Accepted Answer

D) 25

Answer

A) 10

Answer

B) 15

Answer

C) 20

Question 5

A product's price was reduced by 25%, resulting in a 50% increase in sales volume. If the original revenue was $100,000, what is the new revenue?

Accepted Answer

A) $112,500

Answer

B) $125,000

Answer

C) $137,500

Answer

D) $150,000

Question 6

A company's net profit was $500,000 in 2023 and $600,000 in 2024. What was the percentage increase in net profit?

Accepted Answer

B) 20%

Answer

A) 15%

Answer

C) 25%

Answer

D) 30%

Question 7

A company's advertising budget was $200,000, and it generated $1,000,000 in sales. If the advertising budget is increased to $250,000, and the sales increase proportionally, what will be the new sales figure?

Accepted Answer

C) $1,250,000

Answer

A) $1,100,000

Answer

B) $1,200,000

Answer

D) $1,300,000

Question 8

A company's production cost per unit decreased from $50 to $40 after optimizing its supply chain. If the company produces 10,000 units, what is the total cost savings?

Accepted Answer

B) $100,000

Answer

A) $50,000

Answer

C) $150,000

Answer

D) $200,000

Question 9

A company's customer base grew from 1,000 to 1,500 in a year. If the average revenue per customer is $500, what was the increase in total revenue?

Accepted Answer

B) $250,000

Answer

A) $200,000

Answer

C) $300,000

Answer

D) $350,000

Question 10

A company's operating expenses were $400,000, and its net income was $200,000. If the operating expenses increase by 10%, and the net income remains the same, what will be the new profit margin?

Accepted Answer

A) 15%

Answer

B) 20%

Answer

C) 25%

Answer

D) 30%