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The price of a certain house went down 40 percent

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The price of a certain house went down 40 percent  [#permalink]

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New post Updated on: 01 Nov 2018, 01:03
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A
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C
D
E

Difficulty:

  15% (low)

Question Stats:

85% (01:13) correct 15% (01:26) wrong based on 50 sessions

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The price of a certain house went down 40 percent. By what percent does the new price have to be increased in order to bring it back up to the original price?


A. 20%

B. 33* 1/3 %

C. 40%

D. 60%

E. 6 6 *2 /3 %

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Originally posted by Baten80 on 01 Nov 2018, 01:00.
Last edited by Bunuel on 01 Nov 2018, 01:03, edited 1 time in total.
Renamed the topic and edited the question.
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Re: The price of a certain house went down 40 percent  [#permalink]

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New post 01 Nov 2018, 01:33
Baten80 wrote:
The price of a certain house went down 40 percent. By what percent does the new price have to be increased in order to bring it back up to the original price?


A. 20%

B. 33* 1/3 %

C. 40%

D. 60%

E. 6 6 *2 /3 %


Assuming the old price was $100, the new price is 40% less so $60.

We need to increase $60 by $40 again to bring it back to $100.

(40/60) * 100 = 66.6%

Answer (E)
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Re: The price of a certain house went down 40 percent   [#permalink] 01 Nov 2018, 01:33
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