NEW HERE? LEARN MORE
closeclose
Last visit was: 07 May 2024, 15:40 It is currently 07 May 2024, 15:40
Decision Tracker
My Rewards
New posts
New comers' posts

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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

The price of a home in 1997 was 200% greater than the price in 1957.

User avatar
L
Bunuel
Math Expert
Joined: 02 Sep 2009
Posts: 93080
Own Kudos [?]: 622001 [3]
Given Kudos: 81786
Send PM
CAT Tests Forum Quiz Mode
The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   23 Jan 2019, 00:04
1
Kudos
2
Bookmarks
Expert Reply
00:00
A
B
C
D
E

Difficulty:

45% (medium)

Question Stats:

75% (01:29) correct 25% (01:18) wrong based on 24 sessions
Hide Show timer Statistics
The price of a home in 1997 was 200% greater than the price in 1957. The price in 1957 was 300% greater than the price in 1927. e price of the home in 1997 is what percent greater than the price of the home in 1927?

A 500
B 600
C 700
D 900
E 1,200

Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Problem Solving (PS) Forum
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
ShowHide Answer
Official Answer
E
User avatar
L
Chethan92
Director
Director
Joined: 18 Jul 2018
Posts: 926
Own Kudos [?]: 1293 [0]
Given Kudos: 95
Location: India
Concentration: Operations, General Management
Schools: IIMB EPGP'22 (M)
GMAT 1: 590 Q46 V25
GMAT 2: 690 Q49 V34
WE:Engineering (Energy and Utilities)
Send PM
Reviews Badge
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   Updated on: 23 Jan 2019, 19:37
Price in 1927 = x
Price in 1957 = 4x.
Price in 1997 = 12x.

The price of the home in 1997 is 12x/x*100 = 1200 of the price in 1927.

E is the answer.

Originally posted by Chethan92 on 23 Jan 2019, 02:08.
Last edited by Chethan92 on 23 Jan 2019, 19:37, edited 1 time in total.
User avatar
L
Archit3110
GMAT Club Legend
GMAT Club Legend
Joined: 18 Aug 2017
Status:You learn more from failure than from success.
Posts: 8026
Own Kudos [?]: 4116 [0]
Given Kudos: 242
Location: India
Concentration: Sustainability, Marketing
GMAT Focus 1:
545 Q79 V79 DI73
GPA: 4
WE:Marketing (Energy and Utilities)
Send PM
GMAT ToolKit User
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   23 Jan 2019, 06:21
Bunuel wrote:
The price of a home in 1997 was 200% greater than the price in 1957. The price in 1957 was 300% greater than the price in 1927. e price of the home in 1997 is what percent greater than the price of the home in 1927?

A 500
B 600
C 700
D 900
E 1,200


1927= x
1957 = 4x
1997 = 12x

12x/x * 100 = 1200
IMO E
User avatar
L
Mo2men
RSM Erasmus Moderator
Joined: 26 Mar 2013
Posts: 2461
Own Kudos [?]: 1362 [0]
Given Kudos: 641
Concentration: Operations, Strategy
Schools: Erasmus (II)
Send PM
Reviews Badge
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   Updated on: 24 Jan 2019, 03:30
Bunuel wrote:
The price of a home in 1997 was 200% greater than the price in 1957. The price in 1957 was 300% greater than the price in 1927. e price of the home in 1997 is what percent greater than the price of the home in 1927?

A 500
B 600
C 700
D 900
E 1,200


Dear GMATPrepNow

Should not the word greater than means that we need to subtract 1927 price.i.e 1997 is 1100 greater than 1927.

We did the same in interpreting the question above

1997 was 200% greater than the price in 1957: means 1997 is 3 times 1957

1957 was 300% greater than the price in 1927: means 1957 is 4 times 1927

So 1997 is 1100% greater than 1927 whihc gives its final price 12 times 1927

What do you think??

Originally posted by Mo2men on 24 Jan 2019, 02:25.
Last edited by Mo2men on 24 Jan 2019, 03:30, edited 1 time in total.
User avatar
G
KanishkM
Director
Director
Joined: 09 Mar 2018
Posts: 783
Own Kudos [?]: 454 [0]
Given Kudos: 123
Location: India
Schools: DeGroote'21 Desautels '21 NUS '21
Send PM
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   24 Jan 2019, 02:52
Bunuel wrote:
The price of a home in 1997 was 200% greater than the price in 1957. The price in 1957 was 300% greater than the price in 1927. e price of the home in 1997 is what percent greater than the price of the home in 1927?

A 500
B 600
C 700
D 900
E 1,200


Lets take cost of home in 1927 as 100

Cost of home in 1957 will be 100+300 = 400

Cost of home in 1997 will be 400+800 = 1200

Final Price/Initial Price * 100 = 1200

E
User avatar
P
4d
Current Student
Joined: 11 Dec 2013
Posts: 121
Own Kudos [?]: 362 [0]
Given Kudos: 44
GMAT 1: 730 Q51 V37
Send PM
GMAT ToolKit User
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   24 Jan 2019, 08:30
I think the answer must be 1100 .
1200 is the percentage in terms of the initial price .
1100 is the percentage greater than the initial price .
Bunuel
User avatar
L
BrentGMATPrepNow
GMAT Club Legend
GMAT Club Legend
Joined: 12 Sep 2015
Posts: 6817
Own Kudos [?]: 30093 [1]
Given Kudos: 799
Location: Canada
Send PM
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   24 Jan 2019, 16:06
1
Kudos
Expert Reply
Top Contributor
Bunuel wrote:
The price of a home in 1997 was 200% greater than the price in 1957. The price in 1957 was 300% greater than the price in 1927. e price of the home in 1997 is what percent greater than the price of the home in 1927?

A 500
B 600
C 700
D 900
E 1,200


The price in 1957 was 300% greater than the price in 1927
Let's say the 1927 price was $100
So, the 1957 price = $100 + (300% of $100)
= $100 + $300
= $400

The price of a home in 1997 was 200% greater than the price in 1957.
So, the 1997 price = $400 + (200% of $400)
= $400 + $800
= $1200

The price of the home in 1997 is what percent greater than the price of the home in 1927?
In other words, $1200 is what percent greater than $100

Answer = (100)(1200 - 100)/100 = 1100%
BUT

Answer: ....


ASIDE: $1200 is 1200% OF $100
Or we can say $1200 is 1100% GREATER THAN $100

Cheers,
Brent
User avatar
L
Mo2men
RSM Erasmus Moderator
Joined: 26 Mar 2013
Posts: 2461
Own Kudos [?]: 1362 [0]
Given Kudos: 641
Concentration: Operations, Strategy
Schools: Erasmus (II)
Send PM
Reviews Badge
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   25 Jan 2019, 00:07
GMATPrepNow wrote:

The price in 1957 was 300% greater than the price in 1927
Let's say the 1927 price was $100
So, the 1957 price = $100 + (300% of $100)
= $100 + $300
= $400

The price of a home in 1997 was 200% greater than the price in 1957.
So, the 1997 price = $400 + (200% of $400)
= $400 + $800
= $1200

The price of the home in 1997 is what percent greater than the price of the home in 1927?
In other words, $1200 is what percent greater than $100

Answer = (100)(1200 - 100)/100 = 1100%
BUT

Answer: ....


ASIDE: $1200 is 1200% OF $100
Or we can say $1200 is 1100% GREATER THAN $100

Cheers,
Brent


Dear GMATPrepNow

Thanks a lot for your reply. :thumbup:
User avatar
L
stne
SVP
SVP
Joined: 27 May 2012
Posts: 1682
Own Kudos [?]: 1434 [0]
Given Kudos: 633
Send PM
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   21 Feb 2019, 12:42
Bunuel wrote:
The price of a home in 1997 was 200% greater than the price in 1957. The price in 1957 was 300% greater than the price in 1927. e price of the home in 1997 is what percent greater than the price of the home in 1927?

A 500
B 600
C 700
D 900
E 1,200



The question is asking for percentage increase.

Let value in 1927 be 100 then value in 1997 =1200

Percentage increase = \(\frac{Final\: value - Initial\: value }{Initial\; value }\) * 100
Percentage increase = \(\frac{1200-100}{100}*100=1100%\)
Answer should be 1100%
User avatar
P
bebs
Senior Manager
Senior Manager
Joined: 18 Jun 2018
Posts: 334
Own Kudos [?]: 199 [0]
Given Kudos: 1283
Concentration: Finance, Healthcare
Schools: Jones '22 (M$) McCombs '22 (WL) Kelley '22 (A$)
Send PM
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] New post   21 Feb 2019, 13:37
Bunuel I think the answer should be 1,100 as stated by some folks about. Please clarify.

Thanks!





Bunuel wrote:
The price of a home in 1997 was 200% greater than the price in 1957. The price in 1957 was 300% greater than the price in 1927. e price of the home in 1997 is what percent greater than the price of the home in 1927?

A 500
B 600
C 700
D 900
E 1,200


Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Problem Solving (PS) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
GMAT Club Bot
gmatclubot
Re: The price of a home in 1997 was 200% greater than the price in 1957. [#permalink]
21 Feb 2019, 13:37
Moderators:
Bunuel
Math Expert
93080 posts
yashikaaggarwal
Senior Moderator - Masters Forum
3137 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions