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In 1980, what was the approximate difference between the med
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Carcass
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GRE 1: Q160 V160
In 1980, what was the approximate difference between the med [#permalink] New post  12 Jul 2018, 09:13
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In 1980, what was the approximate difference between the median sale price of an existing home and the median family income?

(A) $42,000

(B) $45,000

(C) $46,000

(D) $46,500

(E) $47,500
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Re: In 1980, what was the approximate difference between the med [#permalink] New post  12 Jul 2018, 19:00
Carcass wrote:
Attachment:
price.jpg


In 1980, what was the approximate difference between the median sale price of an existing home and the median family income?

(A) $42,000

(B) $45,000

(C) $46,000

(D) $46,500

(E) $47,500



From the graph 1,

the median sale price of an existing home in 1980 = $60,000

the median family income in 1980 = $ 18,000

Therefore the approximate difference between the median sale price of an existing home and the median family income = $60,000 - $18,000 = $42,000
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