By what percentage did the price of a pound of tomatoes increase?
(1) Before the increase, the price of a pound of tomatoes was 50 cents.
(2) The price of tomatoes increased by 20 cents per pound.
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tomatoes increased
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sanju09
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piyush_nitt
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IMO Bsanju09 wrote:By what percentage did the price of a pound of tomatoes increase?
(1) Before the increase, the price of a pound of tomatoes was 50 cents.
(2) The price of tomatoes increased by 20 cents per pound.
A doesnot give any info of current price
B basically tells the percentage increase i.e 20%
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sanju09
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[spoiler]:roll: [/spoiler]piyush_nitt wrote:IMO Bsanju09 wrote:By what percentage did the price of a pound of tomatoes increase?
(1) Before the increase, the price of a pound of tomatoes was 50 cents.
(2) The price of tomatoes increased by 20 cents per pound.
A doesnot give any info of current price
B basically tells the percentage increase i.e 20%
The mind is everything. What you think you become. -Lord Buddha
Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001
www.manyagroup.com
Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001
www.manyagroup.com
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piyush_nitt
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sanju09 wrote:[spoiler]:roll: [/spoiler]piyush_nitt wrote:IMO Bsanju09 wrote:By what percentage did the price of a pound of tomatoes increase?
(1) Before the increase, the price of a pound of tomatoes was 50 cents.
(2) The price of tomatoes increased by 20 cents per pound.
A doesnot give any info of current price
B basically tells the percentage increase i.e 20%
My Mistake !!
Mis read the Q.
should be C.
1 & 2 together are SUFF
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lilu
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In order to calculate % of increase / decrease, we need to know the original amount (price in this case) and by how much that amount has changed:
Increase/decrease= (changed amount-original amount)/ original amount
Statement 1 tells us the original price
Statement 2 tells us the amount by which the price changed: from 50 cents to 70 cents
So, to calculate increase: (70-50)/50=0.4; 0.4*100%=40%
So, choose C
Increase/decrease= (changed amount-original amount)/ original amount
Statement 1 tells us the original price
Statement 2 tells us the amount by which the price changed: from 50 cents to 70 cents
So, to calculate increase: (70-50)/50=0.4; 0.4*100%=40%
So, choose C
