GRE Question of The Day: Problem Solving

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

Google Buzz

13 Comments Post a Comment
  1. vardhani says:

    c

  2. junaid says:

    definitely C

  3. vidya says:

    c

  4. nipin says:

    c

  5. Praj says:

    its C..
    30 % decrease is 2400
    and the price is asked for after 2 years…
    so 8000- 2(2400)=8000 – 4800 = 3200.

  6. priya says:

    c

  7. vandana says:

    i think its B) 5600 since we have to find out MArket value after 2 years.. and market value is given for 1982.

  8. Tania says:

    what is the purchase price.. and can u show me the work out??

  9. varun says:

    it is decreased by 30% of tis purchased price so decrease by 30% that is 2400 every year so it is

    c) 3200

  10. arpit says:

    k
    i thought they were asking to reduce 30% on every new price.

  11. chris says:

    @arpit u have 2 subtract 30% of cost price every time so subtract 2400 frm 5600

  12. arpit says:

    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

  13. chris says:

    ans is c

Leave a Reply




Connect Now

Archives

 

September 2010
M T W T F S S
« Aug    
 12345
6789101112
13141516171819
20212223242526
27282930  
Rss Feed Tweeter button Facebook button Technorati button Reddit button Myspace button Linkedin button Webonews button Delicious button Digg button Flickr button Stumbleupon button Newsvine button Youtube button