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GMAT Quantitative Reasoning Practice Test 1
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© examsnet.com
Question : 84
Total: 100
A storeowner estimates that the average price of type A products will increase by
25
%
next year and that the price of type B products will increase by
10
%
next year. This year, the total amount paid for type A products was
$
4500
and the total price paid for type B products was
$
8300
.According to the store owner's estimate, and assuming the number of products purchased next year remains the same as that of this year, how much will be spent for both products next year?
$
14
,
755
$
15
,
325
$
16
,
000
$
16
,
225
$
17
,
155
Validate
Solution:
The total estimated amount that will be spent on type A product next year:
$
4500
×
‌
125
100
=
$
5625
The total estimated amount that will be spent on type B product next year:
$
8300
×
‌
110
100
=
$
9130
Giving a total spending of
$
14
,
755
.
© examsnet.com
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