Maths-
SAT
Easy
Question
The line graph above shows the average price of one metric ton of oranges, in dollars, for each of seven months in 2014.
In 2014, the average price of one metric ton of oranges decreased by 2.36% from January (not shown) to February. Which of the following is closest to the price of one metric ton of oranges in January 2014?
- 700
- 770
- 790
- 830
The correct answer is: 790
It’s given that the price of oranges decreased by 2.36% (0.0236) from January to February
Let J be the price of one metric ton of oranges in January and let f be the price of one metric ton of oranges in February and the graph shows that
The price decrease can be modelled:
(1 – 0.0236)J = F
0.9764J = 770
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