LUANDATO wrote:A baseball card decrease in value 20% in its first year and 10% in its second year. What was the total percent decrease of the card's value over the two years?
A. 28%
B. 30%
C. 32%
D. 36%
E. 72%
Let the original value of the card = 100.
After a 20% decrease, the card = 100 - (20% of 100) = 100 - 20 = 80.
After an additional 10% decrease, the card = 80 - (10% of 80) = 80 - 8 = 72.
Total decrease = 100 - 72 = 28.
Since the card loses $28 of its original $100 value, the total percent decrease = 28/100 = 28%.
The correct answer is
A.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.
As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.
For more information, please email me (Mitch Hunt) at
[email protected].
Student Review #1
Student Review #2
Student Review #3