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Carcass

Verbal Expert

Joined: 18 Apr 2015

Posts: 16929

GRE 1: Q160 V160

In 1980, what was the approximate difference between the med [#permalink]

12 Jul 2018, 09:13

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Attachment:

price.jpg [ 195.96 KiB | Viewed 1267 times ]

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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pranab223

Joined: 20 Apr 2016

Posts: 1306

WE:Engineering (Energy and Utilities)

Re: In 1980, what was the approximate difference between the med [#permalink]

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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