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07 Nov 2018, 00:26
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In 1991, the price of a house was 80% of its original price. In 1992, the price of the house was 60% of its original price. By what percent did the price of the house decrease from 1991 to 1992 ?
A. 20%
B. 25%
C. 33 1/3%
D. 40%
E. 60%
A. 20%
B. 25%
C. 33 1/3%
D. 40%
E. 60%
07 Nov 2018, 00:34
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Bunuel
Let original price be p
In 1991 it is 0.8p
In 1992 it is 0.6p
Now our (old - new)/old = 0.8p - 0.6p = 0.2p/0.8p = 0.25 = 25%
Answer choice B
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Archit3110
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07 Nov 2018, 00:46
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In 1991, the price of a house was 80% of its original price. In 1992, the price of the house was 60% of its original price. By what percent did the price of the house decrease from 1991 to 1992 ?
A. 20%
B. 25%
C. 33 1/3%
D. 40%
E. 60%
Let original price be 100$; so in 1991 price would be 80$ and 1992 60$, price decreased by (80-60)/80= 25% option B
A. 20%
B. 25%
C. 33 1/3%
D. 40%
E. 60%
Let original price be 100$; so in 1991 price would be 80$ and 1992 60$, price decreased by (80-60)/80= 25% option B
