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?

  1. 700
  2. 770
  3. 790
  4. 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
    J equals fraction numerator 770 over denominator 0.9764 end fraction
    equals 788.61 almost equal to 790

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