Last visit was: 09 Apr 2025, 16:12 It is currently 09 Apr 2025, 16:12
Decision Tracker
My Rewards
New comers' posts
New posts
Unanswered

Close

GRE Prep Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GRE score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Go to My Error Log Learn more
Close

Request Expert Reply

Confirm Cancel
PREVIOUS TOPIC
NEXT TOPIC

A particular rent price increased x % from 2003 to 2004. T

Tags :
Find Similar Topics  About  Add a Tag

Show Tags
Hide Tags

User avatar
D
Carcass
Verbal Expert
Joined: 18 Apr 2015
Posts: 31517
Own Kudos [?]: 37705 [1]
Given Kudos: 26236
Send PM
A particular rent price increased x % from 2003 to 2004. T [#permalink] New post   17 Oct 2017, 15:44
1
Expert Reply
00:00
A
B
C
D

Question Stats:

78% (01:11) correct 21% (01:47) wrong based on 91 sessions

Show timer Statistics



A particular rent price increased x % from 2003 to 2004. The rent then decreased by x % from 2004 to 2005. x is a positive integer.

Quantity A
Quantity B
The difference between 2004's price and 2003's price, in dollars
The difference between 2004's price and 2005's price, in dollars


A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
ShowHide Answer
Official Answer
B
avatar
IlCreatore
Director
Director
Joined: 03 Sep 2017
Posts: 518
Own Kudos [?]: 712 [2]
Given Kudos: 0
Send PM
Re: A particular rent price increased x % from 2003 to 2004. T [#permalink] New post   18 Oct 2017, 04:48
2
Let's take 100 as the initial value for the price (and for ease of calculations). Then, after a x% increase, let's say 10%, the amount becomes (1+0.1)*100 = 110. Then, after a 10% decrease, it becomes (1+0.1)*110 = 99.

Now, the difference after the increase is 10 (=110-100), while the difference after the decrease is 11 (=110-99). Then, quantity B is greater!
avatar
G
taskforce
Manager
Manager
Joined: 19 Feb 2021
Posts: 183
Own Kudos [?]: 180 [1]
Given Kudos: 425
GRE 1: Q170 V170
Send PM
Re: A particular rent price increased x % from 2003 to 2004. T [#permalink] New post   27 Jun 2021, 04:28
1
Let's solve this logically without using numbers:
the rent increases from 2003 to 2004 so the price for the 2004 is greater.
Now the rent decreases from 2004 to 2005 by the same percentage.
Keep in mind that in 2004 we are calculating percent decrease from a greater quantity than the 2003 price so the decrease is more than the increase from 2003 to 2004.
So the difference between them is also greater. So B is the answer.
If you can spot this is way more easier way and faster way to solve the problem.
Prep Club for GRE Bot
gmatclubot
Re: A particular rent price increased x % from 2003 to 2004. T [#permalink]
27 Jun 2021, 04:28
Moderators:
adewale223
GRE Instructor
108 posts
bronaugust
GRE Forum Moderator
37 posts
BrushMyQuant
Moderator
1131 posts
VibhuAnurag
GRE Instructor
234 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Main navigation

Partners

GRE Resources

www.ets.org/gre | About | Terms and Conditions and Privacy Policy | Prep Club for GRE Rules | Contact