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m20 #13

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m20 #13 [#permalink] New post 19 Nov 2009, 05:46
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

100% (04:05) correct 0% (00:00) wrong based on 2 sessions
The price of a house decreased by x\% from 1998 to 1999 and increased by y\% from 1999 to 2000. If the house cost M dollars in 2000, how much did it cost in 1998?

A. 100 * \frac{\frac{M}{1 + x}}{1 - y}

B. \frac{\frac{M}{1 + \frac{x}{100}}}{1 - \frac{y}{100}}

C. \frac{M}{1 + \frac{x}{100} - \frac{y}{100}}

D. \frac{\frac{10,000M}{100 + y}}{100 - x}

E. \frac{\frac{10,000M}{100 + x}}{100 - y}

[Reveal] Spoiler:
Denote P as the price of the house in 1998. We know that M = P(1 - \frac{x}{100})(1 + \frac{y}{100}) . From this equation P = \frac{\frac{M}{1 - \frac{x}{100}}}{1 + \frac{y}{100}} or \frac{\frac{10,000M}{100 + y}}{100 - x} .

Is there something wrong in the solution or I'm misreading it?
Say X={1 - \frac{x}{100}} and Y={1 - \frac{y}{100}}
If I rewrite the middle step M=P(X)(Y) => P=\frac{M}{XY}
=> some representation of \frac{10,000M}{(100 + y)(100 - x)}
[Reveal] Spoiler: OA
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Re: m20 #13 [#permalink] New post 19 Nov 2009, 05:52
oops... after posting, I realized both of the solution mentioned above are the same :oops:
Sorry abt that
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Re: m20 #13 [#permalink] New post 14 Jan 2011, 12:28
gmattokyo, I had the same question as you did, but after your comment I realized the solution as well :)
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Re: m20 #13 [#permalink] New post 03 Jul 2012, 05:34
Did anyone try to use the VIC (Variable In Choice) method? I got the same result for A as I did for D.

I Used the following values:
Original Price of House = 100
X = 10
Y = 10

Now, we can calculate M:
M= 100*(11/10)*(9/10)

M= 99



A) 100 * [(99 / 11) / 9] = 100 * [99/99] = 100

D) [ 10,000(99) / (100+10) ] / (100 - 10) = [ 10,000(99) / 90 * 110 ] = [ 10,000(99) / (9*10) * (11*10) ] = [ 10,000(99) / (9*11) * (10*10) ] = [ 10,000(99) / (99) * (100) ] = 100
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Re: m20 #13 [#permalink] New post 22 Feb 2014, 01:46
Bump

I'm also having trouble trying to understand the solution.

I used M=1500; x=50; y=50. this gives a 1998 selling price of 2000 (2000*0.5*1.5=1500=M). If i use these values and plug them into both B and D i get the same result. wheres my mistake? :?

cheers
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Re: m20 #13 [#permalink] New post 22 Feb 2014, 02:45
Expert's post
damamikus wrote:
Bump

I'm also having trouble trying to understand the solution.

I used M=1500; x=50; y=50. this gives a 1998 selling price of 2000 (2000*0.5*1.5=1500=M). If i use these values and plug them into both B and D i get the same result. wheres my mistake? :?

cheers


Note that for plug-in method it might happen that for some particular number(s) more than one option may give "correct" answer. In this case just pick some other numbers and check again these "correct" options only.

Hope it helps.
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Re: m20 #13   [#permalink] 22 Feb 2014, 02:45
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