Find all School-related info fast with the new School-Specific MBA Forum

It is currently 17 Sep 2014, 22:17

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Market Value

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
avatar
Joined: 08 Jul 2009
Posts: 177
Followers: 3

Kudos [?]: 22 [0], given: 13

Market Value [#permalink] New post 31 Jul 2009, 18:50
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
The market value of a certain machine decreased by 30 percent of its purchase price each year. If the machine was purchased in 1982 for its market value of $8,000, what was its market value two years later?
(A) $8,000
(B) $5,600
(C) $3,200
(D) $2,400
(E) $800
Senior Manager
Senior Manager
avatar
Joined: 08 Jan 2009
Posts: 332
Followers: 2

Kudos [?]: 66 [0], given: 5

GMAT Tests User
Re: Market Value [#permalink] New post 31 Jul 2009, 19:18
I will go with C.

The market value of a certain machine decreased by 30 percent of its purchase price each year.

So in 1992, purchase price = market value = 8000$
30 % * P.P = 2400

decersed amount = 80000 - ( 2400 *2 ) = 3200$
Manager
Manager
avatar
Joined: 14 Apr 2008
Posts: 52
Followers: 0

Kudos [?]: 1 [0], given: 0

Re: Market Value [#permalink] New post 01 Aug 2009, 05:20
c
but question is not clear wheather to existing purchase price
Intern
Intern
avatar
Status: Applying
Joined: 30 Jul 2009
Posts: 39
Followers: 0

Kudos [?]: 4 [0], given: 3

Re: Market Value [#permalink] New post 01 Aug 2009, 13:09
[EDIT - REMOVED BY USER]

Last edited by nplaneta on 17 Jun 2012, 16:41, edited 1 time in total.
Manager
Manager
avatar
Joined: 13 Jan 2009
Posts: 173
Schools: Harvard Business School, Stanford
Followers: 4

Kudos [?]: 16 [0], given: 9

GMAT Tests User
Re: Market Value [#permalink] New post 03 Aug 2009, 21:51
The question is not clear.
Quote:
decreased by 30 percent of its purchase price each year
?????

1) 8000-30%=5600 First year.
2) 5600-30%=3920 Second year. No such answer!

or

1)8000*30%=2400
2)8000-(2400*2)=3200 Then answer is C.
Re: Market Value   [#permalink] 03 Aug 2009, 21:51
    Similar topics Author Replies Last post
Similar
Topics:
Market Capitalization Enterprise Value EPS chris93 1 18 Nov 2012, 15:34
4 Experts publish their posts in the topic The total market value of real estate in venmic 12 05 Sep 2012, 18:04
The value of the dollar in international markets will rlevochkin 4 14 Aug 2010, 14:02
Market value and % vannu 3 12 Aug 2009, 06:29
The value of the dollar in international markets will boksana 13 15 Feb 2005, 06:55
Display posts from previous: Sort by

Market Value

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.