Eurozone

This topic has expert replies
Junior | Next Rank: 30 Posts
Posts: 14
Joined: Sat Mar 17, 2012 8:12 am

Eurozone

by jagan.y » Thu Jun 27, 2013 8:48 pm
The 17 countries of the Eurozone are all united by one currency - the euro, but that doesn't mean that there aren't price disparities in the continent. A sum of 20 Euros can buy you 35 cups of coffee in Portugal but only 7 cups of coffee in Greece. The same amount of money can get you 16 cartons & eggs in Malta, but only 7 cartons of eggs in Ireland. .
Which of the following conclusions can most properly be drawn from the information above?
(A) On an average, à cup of coffee costs more in Portugal than in Greece
(B) A carton of eggs costs more in Malta than in Ireland
(C) Price disparities are an unusual phenomenon in the countries of the Eurozone
(D) The cost of a cup of coffee in Greece is the same as that of a carton of eggs in Ireland
(E) Portugal is a cheaper country to stay in than is Greece
Source: Aristotle CR Grail

Master | Next Rank: 500 Posts
Posts: 423
Joined: Fri Jun 11, 2010 7:59 am
Location: Seattle, WA
Thanked: 86 times
Followed by:2 members

by srcc25anu » Thu Jun 27, 2013 10:58 pm
Ans D
Last edited by srcc25anu on Thu Jun 27, 2013 11:32 pm, edited 1 time in total.

Senior | Next Rank: 100 Posts
Posts: 32
Joined: Tue Jun 25, 2013 2:56 am
Thanked: 4 times

by luckypiscian » Thu Jun 27, 2013 11:25 pm
7 cups of coffee in Greece = 20 EUR
7 cartons of eggs in Ireland = 20 EUR

Hence
(D) The cost of a cup of coffee in Greece is the same as that of a carton of eggs in Ireland