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If the dollar amount of sales at Store P was $800,000 for 20
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12 Sep 2017, 14:05
12 Sep 2017, 14:05
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If the dollar amount of sales at Store P was $800,000 for 2006, what was the dollar amount of sales at that store for 2008 ?
A. $727,200
B. $792,000
C. $800,000
D. $880,000
E. $968,000
Practice Questions
Question: 1
Page: 127
Difficulty: medium
Question: 1
Page: 127
Difficulty: medium
Disclaimer: the old version of this question is located here
Re: If the dollar amount of sales at Store P was $800,000 for 20
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12 Sep 2017, 14:07
12 Sep 2017, 14:07
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Expert Reply
Explanation
According to Figure 8, if the dollar amount of sales at Store P was $800,000 for 2006, then it was 10 percent greater for 2007, which is 110 percent of that amount, or $880,000. For 2008 the amount was 90 percent of $880,000, which is $792,000.
B is best
Also discussed here https://gre.myprepclub.com/forum/di-set-99.html
According to Figure 8, if the dollar amount of sales at Store P was $800,000 for 2006, then it was 10 percent greater for 2007, which is 110 percent of that amount, or $880,000. For 2008 the amount was 90 percent of $880,000, which is $792,000.
B is best
Also discussed here https://gre.myprepclub.com/forum/di-set-99.html
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Re: If the dollar amount of sales at Store P was $800,000 for 20
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09 Feb 2020, 04:21
09 Feb 2020, 04:21
4
Many people will INCORRECTLY choose C as their answer, because they feel that a 10% increase followed by a 10% decrease will get us back to where we started. This is a common misconception.
Let's solve the question.
Store P's 2006 sales = $800,000
The table says that, from 2006 to 2007, sales INCREASED 10%
10% of $800,000 = $80,000
So, the TOTAL sales for 2007 = $800,000 + $80,000 = $880,000
Next, the table says that, from 2007 to 2008, sales DECREASED 10%
10% of $880,000 = $88,000
So, the TOTAL sales for 2008 = $880,000 - $88,000 = $792,000
Answer:
Cheers,
Brent
Let's solve the question.
Store P's 2006 sales = $800,000
The table says that, from 2006 to 2007, sales INCREASED 10%
10% of $800,000 = $80,000
So, the TOTAL sales for 2007 = $800,000 + $80,000 = $880,000
Next, the table says that, from 2007 to 2008, sales DECREASED 10%
10% of $880,000 = $88,000
So, the TOTAL sales for 2008 = $880,000 - $88,000 = $792,000
Answer:
Show: ::
B
Cheers,
Brent
