GMAT Reading Comprehension and Data Insights Practice Questions - GMAT Verbal and Quantitative Reasoning

Question 1

If a company's revenue increased by 20% from 2021 to 2022, and its profit increased by 25% during the same period, what was the profit in 2022 if the profit in 2021 was $90 million?

Accepted Answer

B) $112.5 million

Answer

A) $100 million

Answer

C) $120 million

Answer

D) $125 million

Question 2

Which of the following best describes the main idea of the passage on 'creative destruction'?

Accepted Answer

B) Economic growth requires the disruption of outdated industries.

Answer

A) Innovation leads to economic stagnation.

Answer

C) Job displacement is the only outcome of technological change.

Answer

D) Societies should resist technological innovation.

Question 3

A pie chart shows the distribution of a company's expenses: 40% on salaries, 30% on operations, 20% on marketing, and 10% on research. If the total expenses are $1,000,000, how much is spent on marketing?

Accepted Answer

B) $200,000

Answer

A) $100,000

Answer

C) $300,000

Answer

D) $400,000