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The average home price in Pleasantville was $260,000 in 2008. If the a
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19 Dec 2022, 06:06
19 Dec 2022, 06:06
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Question Stats:
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The average home price in Pleasantville was $260,000 in 2008. If the average home price rose by 5 % from 2008 to 2009, and then fell 10 % from 2009 to 2010, what was the average home price in 2010?
(A) $222,300
(B) $245,700
(C) $247,000
(D) $271,000
(E) $300,300
(A) $222,300
(B) $245,700
(C) $247,000
(D) $271,000
(E) $300,300
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2506
Given Kudos: 1055
GPA: 3.39
The average home price in Pleasantville was $260,000 in 2008. If the a
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20 Dec 2022, 20:59
20 Dec 2022, 20:59
1
Expert Reply
5% increase from 2008 to 2009 = (5/100*260,000) = 13,000
Price in 2009 = 260,000 + 13,000 = 273,000
10% decrease from 2009 to 2010 = (10/100*273,000) = 27,300
Price in 2010 = 273,000 - 27,300 = 245,700
Answer: B
Price in 2009 = 260,000 + 13,000 = 273,000
10% decrease from 2009 to 2010 = (10/100*273,000) = 27,300
Price in 2010 = 273,000 - 27,300 = 245,700
Answer: B
gmatclubot
The average home price in Pleasantville was $260,000 in 2008. If the a [#permalink]
20 Dec 2022, 20:59
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