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# Last month 15 homes were sold in Town X. The average sale

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Manager
Joined: 08 Jul 2007
Posts: 173
Last month 15 homes were sold in Town X. The average sale [#permalink]

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23 Jul 2007, 08:28
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

Last month 15 homes were sold in Town X. The average sale price of the homes was $150,000 and the median sale price was$130,000. Which of the following statements must be true?

I. At least one of the homes was sold for more than $165,000 II. At least one of the homes was sold for more than$130,000 and less than $150,000. III. At least one of the homes was sold for less than$130,000.

A. I only
B. II only
C. III only
D. I and II
E. I and III
Senior Manager
Joined: 04 Jun 2007
Posts: 345

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23 Jul 2007, 08:50
briks123 wrote:
Last month 15 homes were sold in Town X. The average sale price of the homes was $150,000 and the median sale price was$130,000. Which of the following statements must be true?

I. At least one of the homes was sold for more than $165,000 II. At least one of the homes was sold for more than$130,000 and less than $150,000. III. At least one of the homes was sold for less than$130,000.

A. I only
B. II only
C. III only
D. I and II
E. I and III

See here.
http://www.gmatclub.com/phpbb/viewtopic.php?t=47574&highlight=last+month
Manager
Joined: 08 Jul 2007
Posts: 173

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23 Jul 2007, 09:17
Thanks. I actually don't really get the response though... Why are 8 homes 130k? Does anyone have an alternative explanation?
23 Jul 2007, 09:17
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