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Anna bought a collectible statuette at an auction for 40% above the s
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30 Aug 2022, 09:14
30 Aug 2022, 09:14
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Question Stats:
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Anna bought a collectible statuette at an auction for 40% above the starting bid of $200. Then an appraiser told her that it was worth 15% less than she had paid. The statuette is worth
A $42
B $238
C $250
D $265
E $330
A $42
B $238
C $250
D $265
E $330
Part of the project: GRE QCQ & PS 3 Questions Every One DAILY Challenge - (2022)
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GRE Math Essentials (2022)
GRE Geometry Formulas
GRE - Math Book
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GRE Math Essentials (2022)
GRE Geometry Formulas
GRE - Math Book
Re: Anna bought a collectible statuette at an auction for 40% above the s
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31 Aug 2022, 07:02
31 Aug 2022, 07:02
1
Solution -
Here, it has been given that Anna bought a collectible statuette at an auction for 40% above the starting bid of $200.
So, that is going to be equal to -
=> 200 + 200*(40/100) = $ 280
The next part of the question says that an appraiser told Anna that it was worth 15% less than she had paid. So, the statuette is worth -
=> 280 - 280*(15/100) = $238
So, the correct answer choice is B.
Here, it has been given that Anna bought a collectible statuette at an auction for 40% above the starting bid of $200.
So, that is going to be equal to -
=> 200 + 200*(40/100) = $ 280
The next part of the question says that an appraiser told Anna that it was worth 15% less than she had paid. So, the statuette is worth -
=> 280 - 280*(15/100) = $238
So, the correct answer choice is B.
gmatclubot
Re: Anna bought a collectible statuette at an auction for 40% above the s [#permalink]
31 Aug 2022, 07:02
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