If a car's value depreciates by 15% each year; what percentage of its original value remains after one year?
Difficulty: Easy
About this MCQ
Easy GRE item. Correct choice: A. 85%.
- A. 85% ✓
- B. 15%
Why not B: “15%” is not 85%.
- C. 75%
Why not C: “75%” is not 85%.
- D. 90%
Why not D: “90%” is not 85%.
Correct answer
A. 85%
Explanation
85% (option A) is the accepted answer to “If a car's value depreciates by 15% each year; what percentage of its original value remains after one year”. Option B (15%) is a different value from 85%. Option C (75%) is a different value from 85%. Option D (90%) is a different value from 85%. Keep 85% as the GRE fact for this stem.
Source: Original practice question; MCQsHub
Tags: American Exams, Percentages, GRE, Quant
Submitted by: MCQsHub Editorial
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