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In 1980, what was the approximate difference between the med

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In 1980, what was the approximate difference between the med [#permalink] New post 12 Jul 2018, 09:13
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Question Stats:

95% (00:39) correct 4% (00:30) wrong based on 23 sessions
Attachment:
price.jpg
price.jpg [ 195.96 KiB | Viewed 848 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
[Reveal] Spoiler: OA

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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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Re: In 1980, what was the approximate difference between the med   [#permalink] 12 Jul 2018, 19:00
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