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By approximately what percent did the median sale price of a
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Carcass
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Joined: 18 Apr 2015
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GRE 1: Q160 V160
By approximately what percent did the median sale price of a [#permalink] New post  12 Jul 2018, 09:31
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By approximately what percent did the median sale price of a new home increase from 1955 to 1975 ?

A. \(26%\)

B. \(37 \frac{1}{2} %\)

C. \(62 \frac{1}{2} %\)

D. \(167 %\)

E. \(267 %\)
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GMATGuruNY
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Re: By approximately what percent did the median sale price of a [#permalink] New post  12 Jul 2018, 11:20
1
Carcass wrote:
By approximately what percent did the median sale price of a new home increase from 1955 to 1975 ?

A. \(26%\)

B. \(37 \frac{1}{2} %\)

C. \(62 \frac{1}{2} %\)

D. \(167 %\)

E. \(267 %\)


The chart on the left indicates the following:
YEAR --> MEDIAN PRICE, IN THOUSANDS
1955 ----> 15
1975 ----> 40

Percent increase from 15 to 40 = \(\frac{Difference}{Original} * 100 = \frac{(40-15)}{15} * 100 = \frac{25}{15} * 100 = \frac{5}{3} * 100\) ≈ 167

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