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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A percentage question. That can be done easily by mental calculations.
Written by Take GRE Team on November 2nd, 2009 with
13 comments.
Read more articles on GRE Question of the Day.
The best study material for scoring 1400 in GRE.
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.
Read more articles on GRE Question of the Day.
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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