GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 22 Feb 2019, 19:44

### 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

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

## Events & Promotions

###### Events & Promotions in February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
• ### Free GMAT RC Webinar

February 23, 2019

February 23, 2019

07:00 AM PST

09:00 AM PST

Learn reading strategies that can help even non-voracious reader to master GMAT RC. Saturday, February 23rd at 7 AM PT
• ### FREE Quant Workshop by e-GMAT!

February 24, 2019

February 24, 2019

07:00 AM PST

09:00 AM PST

Get personalized insights on how to achieve your Target Quant Score.

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

Author Message
Math Expert
Joined: 02 Sep 2009
Posts: 53066
The price of a home in 1997 was 200% greater than the price in 1957.  [#permalink]

### Show Tags

22 Jan 2019, 23:04
1
2
00:00

Difficulty:

35% (medium)

Question Stats:

75% (01:29) correct 25% (01:18) wrong based on 24 sessions

### HideShow 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

_________________
Director
Joined: 18 Jul 2018
Posts: 679
Location: India
Concentration: Finance, Marketing
WE: Engineering (Energy and Utilities)
The price of a home in 1997 was 200% greater than the price in 1957.  [#permalink]

### Show Tags

Updated on: 23 Jan 2019, 18:37
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.

_________________

Press +1 Kudo If my post helps!

Originally posted by Afc0892 on 23 Jan 2019, 01:08.
Last edited by Afc0892 on 23 Jan 2019, 18:37, edited 1 time in total.
SVP
Joined: 18 Aug 2017
Posts: 1928
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
The price of a home in 1997 was 200% greater than the price in 1957.  [#permalink]

### Show Tags

23 Jan 2019, 05:21
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
_________________

If you liked my solution then please give Kudos. Kudos encourage active discussions.

SVP
Joined: 26 Mar 2013
Posts: 2068
The price of a home in 1997 was 200% greater than the price in 1957.  [#permalink]

### Show Tags

Updated on: 24 Jan 2019, 02:30
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, 01:25.
Last edited by Mo2men on 24 Jan 2019, 02:30, edited 1 time in total.
VP
Joined: 09 Mar 2018
Posts: 1002
Location: India
Re: The price of a home in 1997 was 200% greater than the price in 1957.  [#permalink]

### Show Tags

24 Jan 2019, 01:52
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
_________________

If you notice any discrepancy in my reasoning, please let me know. Lets improve together.

Quote which i can relate to.
Many of life's failures happen with people who do not realize how close they were to success when they gave up.

Manager
Joined: 11 Dec 2013
Posts: 114
Location: India
GMAT Date: 03-15-2015
WE: Education (Education)
Re: The price of a home in 1997 was 200% greater than the price in 1957.  [#permalink]

### Show Tags

24 Jan 2019, 07:30
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
_________________

CEO
Joined: 11 Sep 2015
Posts: 3447
Re: The price of a home in 1997 was 200% greater than the price in 1957.  [#permalink]

### Show Tags

24 Jan 2019, 15:06
1
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 _________________ Test confidently with gmatprepnow.com SVP Joined: 26 Mar 2013 Posts: 2068 The price of a home in 1997 was 200% greater than the price in 1957. [#permalink] ### Show Tags 24 Jan 2019, 23:07 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

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

Cheers,
Brent

Dear GMATPrepNow

Director
Joined: 27 May 2012
Posts: 684
The price of a home in 1997 was 200% greater than the price in 1957.  [#permalink]

### Show Tags

21 Feb 2019, 11:42
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 = $$\frac{1200-100}{100}*100=1100%$$
_________________

- Stne

Joined: 18 Jun 2018
Posts: 116
Location: United States (AZ)
Concentration: Finance, Healthcare
GPA: 3.86
Re: The price of a home in 1997 was 200% greater than the price in 1957.  [#permalink]

### Show Tags

21 Feb 2019, 12:37

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
Re: The price of a home in 1997 was 200% greater than the price in 1957.   [#permalink] 21 Feb 2019, 12:37
Display posts from previous: Sort by

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

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.