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DA0-001 · Question #262

A home builder is offering a 30% discount on condominium units. Given the table below: Which of the following is the range of savings for the units listed in the table?

The correct answer is B. $241,500 to $367,500. Given a 30% discount on condominium units, the range of savings is calculated by applying the discount percentage to the minimum and maximum unit prices from the provided table.

Data Analysis

Question

A home builder is offering a 30% discount on condominium units. Given the table below:

Which of the following is the range of savings for the units listed in the table?

Exhibit

DA0-001 question #262 exhibit

Options

  • A$103,500 to $157,500
  • B$241,500 to $367,500
  • C$320,000 to $386,000
  • D$345,000 to $525,000

How the community answered

(21 responses)
  • B
    76% (16)
  • C
    14% (3)
  • D
    10% (2)

Why each option

Given a 30% discount on condominium units, the range of savings is calculated by applying the discount percentage to the minimum and maximum unit prices from the provided table.

A$103,500 to $157,500

This range would correspond to a different set of original unit prices than those which yield the correct answer, indicating incorrect minimum and maximum unit prices were assumed or calculated.

B$241,500 to $367,500Correct

To determine the range of savings, the 30% discount is applied to the lowest and highest unit prices listed in the table. If the lowest unit price is $805,000, the savings would be $805,000 * 0.30 = $241,500, and if the highest unit price is $1,225,000, the savings would be $1,225,000 * 0.30 = $367,500. Thus, the range of savings is from $241,500 to $367,500.

C$320,000 to $386,000

This range does not accurately represent a 30% discount applied to any realistic unit prices that would result in the correct answer range.

D$345,000 to $525,000

This range represents the original unit prices themselves, not the calculated savings amount after applying the 30% discount.

Concept tested: Percentage calculations - discount savings range

Topics

#Percentage calculation#Data analysis#Range calculation#Business math

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