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Suri and Michael bought a previously owned classic car for $1500 and t

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Suri and Michael bought a previously owned classic car for $1500 and t [#permalink] New post   18 Jun 2021, 01:23
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Suri and Michael bought a previously owned classic car for $1500 and then spend $5000 restoring it to mint condition. Then they sold the car for 250% more than the total amount they spent buying it and restoring it.


Quantity A
Quantity B
The price at which Suri and Michael sold the car
$16,000



A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.

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Question part of the project GRE Quantitative Reasoning Daily Challenge - (2021) EDITION
GRE - Math Book
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Pranaygre
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Re: Suri and Michael bought a previously owned classic car for $1500 and t [#permalink] New post   18 Jun 2021, 02:12
total amount spent on buying and restoring the car =6500

Quantity A

The price at which Suri and Michael sold the car = 6500+ (250/100)*6500= 22,750

Quantity B

16,000
quan A > quan B

option A is correct
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gmatclubot
Re: Suri and Michael bought a previously owned classic car for $1500 and t [#permalink]
18 Jun 2021, 02:12
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