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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
If the dollar amount of sales at Store P was $800,000 for 20
[#permalink]
12 Sep 2017, 14:05
12 Sep 2017, 14:05
1
Expert Reply
2
Bookmarks
00:00
Question Stats:
89% (01:10) correct
10% (01:47) wrong based on 169 sessions
Hide Show timer Statistics
Attachment:
#GREpracticequestion If the dollar amount of sales at Store P.jpg [ 38.87 KiB | Viewed 21774 times ]
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
[#permalink]
12 Sep 2017, 14:07
12 Sep 2017, 14:07
1
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
Retired Moderator
Joined: 10 Apr 2015
Posts: 6218
Given Kudos: 136
Re: If the dollar amount of sales at Store P was $800,000 for 20
[#permalink]
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
