GRE Question of The Day: Problem Solving
A percentage question. That can be done easily by mental calculations.
Written by Take GRE Team on November 2nd, 2009 with
13 comments.
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The market value of a certain machine decreased by 30 percent of its purchase price each year. If the machine was purchased in 1982 for its market value of $8,000, what was its market value two years later?
(A) $8,000
(B) $5,600
(C) $3,200
(D) $2,400
(E) $800
Written by Take GRE Team on November 2nd, 2009 with
13 comments.
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13 comments
Read the comments left by other users below, or:
arpit
#2.
October 20th, 2006, at 1:17 AM.
did u get the exact answer
i got the 30% off of 5600 is 3920
thats not in the list
i hope its not torso
chris
#3.
October 20th, 2006, at 7:24 AM.
@arpit u have 2 subtract 30% of cost price every time so subtract 2400 frm 5600
arpit
#4.
October 20th, 2006, at 9:10 AM.
k
i thought they were asking to reduce 30% on every new price.
varun
#5.
October 20th, 2006, at 12:42 PM.
it is decreased by 30% of tis purchased price so decrease by 30% that is 2400 every year so it is
c) 3200
Tania
#6.
October 20th, 2006, at 7:49 PM.
what is the purchase price.. and can u show me the work out??
vandana
#7.
October 20th, 2006, at 7:59 PM.
i think its B) 5600 since we have to find out MArket value after 2 years.. and market value is given for 1982.
priya
#8.
October 21st, 2006, at 3:21 PM.
c
Praj
#9.
October 20th, 2007, at 10:44 PM.
its C..
30 % decrease is 2400
and the price is asked for after 2 years…
so 8000- 2(2400)=8000 – 4800 = 3200.
nipin
#10.
October 20th, 2007, at 11:51 PM.
c
vidya
#11.
October 22nd, 2007, at 7:29 AM.
c
junaid
#12.
November 7th, 2008, at 11:41 AM.
definitely C
vardhani
#13.
November 2nd, 2009, at 5:11 PM.
c
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#1. October 19th, 2006, at 10:25 PM.
ans is c