Source: Official Guide for the GMAT 13th Ed. Data Sufficiency; #161 Official Guide for the GMAT 2015 14th Ed. Data Sufficiency; #161

1

The inflation index for the year 1989

The inflation index for the year 1989 relative to the year 1970 was 3.56, indicating that, on the average, for each dollar spent in 1970 for goods, $3.56 had to be spent for the same goods in 1989. If the price of a Model K mixer increased precisely according to the inflation index, what was the price of the mixer in 1970?

1 Explanation

1

Gravatar Mike McGarry, Magoosh Tutor

Jan 5, 2014 • Comment

Add Your Explanation

You must have a Magoosh account in order to leave an explanation.

Learn More About Magoosh

Official GMAT Material

Official Guide for GMAT Review 2016

Official Guide for the GMAT 2015 14th Ed.

Official Guide for the GMAT 13th Ed.

Nova's GRE Prep

Official Guide for the GMAT 12th Ed.

Revised GRE PDF 2nd Ed.


Section 6.3 Data Sufficiency

Section 6.3 Data Sufficiency

Improve Your Score

Magoosh GMAT is an affordable online course for studying the GMAT.

Learn More About Magoosh

Share Post

Email

Facebook