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value of imports shown for 2007 was incorrect

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GMAT Club Legend
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Joined: 07 Jun 2014
Posts: 4749
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
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Kudos [?]: 1657 [0], given: 396

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value of imports shown for 2007 was incorrect [#permalink] New post 10 Jan 2016, 17:35
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81% (01:24) correct 18% (01:08) wrong based on 11 sessions
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If it were discovered that the value of imports shown for 2007 was incorrect and should have been $5 billion instead, then the average (arithmetic mean)value of imports per year for the 10 years shown would have been approximately how much less?

A $200 million
B $50 million
C $20 million
D $7 million
E $5 million



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Question: 7
Page: 163
Difficulty: hard

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1 KUDOS received
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jun 2014
Posts: 4749
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 93

Kudos [?]: 1657 [1] , given: 396

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Re: value of imports shown for 2007 was incorrect [#permalink] New post 10 Jan 2016, 17:39
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Solution

In 2007 the imports shown in the Graph is $7 Billion. The new corrected value is $5 Billion, hence there is a reduction of $2 Billion. Now over ten years the $2 Billion reduction would amount to $200 Million ($200 Million *10 = $2 Billion).
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