Entry Exam Category: High School Equivalency Exams
Course: General Education Development (GED)
Exam: GED Math practice test
Practice Question
Daniel is planning to buy his first house. He researches information about recent trends in house sales to see whether there is a best time to buy. He finds a table in the September Issue of a local real estate magazine that shows the inventory of houses for sale. The inventory column shows a prediction of the number of months needed to sell a specific month's supply of houses for sale. The table also shows the median sales price for houses each month.
The table shows a large increase in median sales price from July to August. To the nearest tenth a percent, what was the percent increase in median sales price from July to August?
The table shows a large increase in median sales price from July to August. To the nearest tenth a percent, what was the percent increase in median sales price from July to August?
Answer Choices
- A: 15.8
- B: 6.2
- C: 14.2
- D: 6.7
Correct Answer: C
Rationale: Without the table, assume a sample calculation based on typical housing data. If July's median price was $200,000 and August's was $228,400 (a plausible increase), the percent increase is [(228,400 - 200,000) / 200,000] * 100 = 14.2%. This matches option C, which is reasonable for a 'large increase.' Thus, the correct answer is 14.2.