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In the first quarter of 2008, Harry's Hardware Store sold 300 hammers
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21 Jan 2021, 03:48
21 Jan 2021, 03:48
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Question Stats:
85% (02:20) correct
15% (02:30) wrong based on 40 sessions
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In the first quarter of 2008, Harry's Hardware Store sold 300 hammers and 12,000 nails. In the second quarter of 2008, the store sold 375 hammers and 18,000 nails. By approximately what percent did the ratio of hammers sold to nails sold decrease from the first quarter to the second quarter.
A. 0.4%
B. 2.1%
C. 2.5%
D. 17%
E. 25%
Kudos for the right answer and explanation
A. 0.4%
B. 2.1%
C. 2.5%
D. 17%
E. 25%
Kudos for the right answer and explanation
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Joined: 10 Apr 2015
Posts: 6218
Given Kudos: 136
Re: In the first quarter of 2008, Harry's Hardware Store sold 300 hammers
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21 Jan 2021, 06:31
21 Jan 2021, 06:31
3
Carcass wrote:
In the first quarter of 2008, Harry's Hardware Store sold 300 hammers and 12,000 nails. In the second quarter of 2008, the store sold 375 hammers and 18,000 nails. By approximately what percent did the ratio of hammers sold to nails sold decrease from the first quarter to the second quarter.
A. 0.4%
B. 2.1%
C. 2.5%
D. 17%
E. 25%
Kudos for the right answer and explanation
A. 0.4%
B. 2.1%
C. 2.5%
D. 17%
E. 25%
Kudos for the right answer and explanation
1st quarter: hammers/nails = 300/12,000 = 150/6000
2nd quarter: hammers/nails = 375/18,000 = 125/6000
ASIDE: It's useful to write both ratios with the same denominator. This allows us to IGNORE the denominator and focus solely on the numerators.
So, our ratio went from 150/6000 to 125/6000
Ignoring the denominators, we went from 150 to 125
The percent change = 100(difference in values)/(original value)
= (100)(150 - 125)/150
= (100)(25)/150)
= (100)(1)/(6)
= 100/6
≈ 16.666...
Answer: D
Re: In the first quarter of 2008, Harry's Hardware Store sold 300 hammers
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30 Aug 2023, 10:12
30 Aug 2023, 10:12
Hello from the GRE Prep Club BumpBot!
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
