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04 Mar 2012, 11:43
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E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
86% (01:38) correct
14%
(01:53)
wrong
based on 132
sessions
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Country X imported approximately $1.44 billion of goods in 1996. If Country X imported $288 million of goods in the first two months of 1997 and continued to import goods at the same rate for the rest of the year, by how much would Country X's 1997 imports exceed those of 1996?
(A) $24 million
(B) $120 million
(C) $144 million
(D) $240 million
(E) $288 million
(A) $24 million
(B) $120 million
(C) $144 million
(D) $240 million
(E) $288 million
04 Mar 2012, 12:19
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For 1997, Country X imported $288 Million for 2 months. 288/2 = $144 million/month
$144 million x 12 months = $1,728 Million
$1,728 Million - $1,440 Million = $288 Million
$144 million x 12 months = $1,728 Million
$1,728 Million - $1,440 Million = $288 Million
thorinoakenshield
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Concentration: Strategy, Marketing
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14 Jan 2015, 07:35
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PROBLEM:
Country X imported approximately $1.44 billion of goods in 1996. If Country X imported $288 million of goods in the first two months of 1997 and continued to import goods at the same rate for the rest of the year, by how much would Country Xs 1997 imports exceed those of 1996?
(A) $24 million
(B) $120 million
(C) $144 million
(D) $240 million
(E) $288 million
SOLUTION:
Convert units to millions as answer is in millions
1996 Imports = $1.44 bill = $1440 mill
i.e. 1440/12 = $120 mill/month
1997 Imports = $288 mill/2 month
i.e. $144 mill/month
Difference/month = 144-12 = 24
Difference/year = $24 mill * 12 = $288 mill
ANSWER: E
Country X imported approximately $1.44 billion of goods in 1996. If Country X imported $288 million of goods in the first two months of 1997 and continued to import goods at the same rate for the rest of the year, by how much would Country Xs 1997 imports exceed those of 1996?
(A) $24 million
(B) $120 million
(C) $144 million
(D) $240 million
(E) $288 million
SOLUTION:
Convert units to millions as answer is in millions
1996 Imports = $1.44 bill = $1440 mill
i.e. 1440/12 = $120 mill/month
1997 Imports = $288 mill/2 month
i.e. $144 mill/month
Difference/month = 144-12 = 24
Difference/year = $24 mill * 12 = $288 mill
ANSWER: E
