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In 1986, for which of the cities listed was the median home [#permalink]
 25 Feb 2017, 08:43
Question Stats:
83% (01:25) correct
16% (02:11) wrong based on 37 sessions
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#GREpracticequestion In 1986, for which of the cities listed was the median.jpg [ 151.99 KiB | Viewed 2225 times ]
* Housing cost consists of a mortgage payment, real estate taxes, utilities and hazard insurance. In 1986, for which of the cities listed was the median home price minus the median down payment greatest? A) New York B) Boston C) Newark D) Danbury E) Pittsburgh
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Re: In 1986, for which of the cities listed was the median home [#permalink]
04 Mar 2017, 17:26
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ExplanationThe easiest way to go about it is to plug the values for the options. So A. New York: 129,700 – 42,250 = 87,450 B. Boston: 126,00 – 30,000 = 96,000 C. Newark: 116,000 – 29,450 = 86,550 D. Danbury: 95,950 – 19,750 = 76,200 E. Pittsburgh: 54,150 – 11,500 = 42,650 Hence clearly option B is correct.
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Re: In 1986, for which of the cities listed was the median home [#permalink]
20 Jul 2018, 04:24
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One way to reduce time on this problem rather than calculating each difference would be to compare the variables. For instance, NY:130 is 4 more than 126 but Boston's 30 is 12 less than 42, so Boston has a bigger gap.
Newark's gap is 10,000 less than Boston, so it's not that. Danbury's first number is 30,000 less, second number is 10,000 less, which still is 20,000 smaller of a gap. Pittsburgh is obviously out because the gap is blantantly much smaller. That way the answer can be found in a matter of seconds just from looking and comparing variables, rather than spending all of the time to calculate the answer.
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Re: In 1986, for which of the cities listed was the median home [#permalink]
12 Jan 2019, 12:24
AHarrupPA2018 wrote: One way to reduce time on this problem rather than calculating each difference would be to compare the variables. For instance, NY:130 is 4 more than 126 but Boston's 30 is 12 less than 42, so Boston has a bigger gap.
Newark's gap is 10,000 less than Boston, so it's not that. Danbury's first number is 30,000 less, second number is 10,000 less, which still is 20,000 smaller of a gap. Pittsburgh is obviously out because the gap is blantantly much smaller. That way the answer can be found in a matter of seconds just from looking and comparing variables, rather than spending all of the time to calculate the answer. Thanks, calculating takes a lot of time, of course!
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