Maths-
General
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?

Hint:

## The correct answer is: 790

### Let the average price of one metric ton of oranges in January be  x\$.From the graph, we haveApproximate average price of one metric ton of oranges in February=776\$It is given that the average price of one metric ton of oranges decreased by 2.36% from January to February.So, according to the given conditionRewriting the above equation, we haveMultiplying throughout with 100, we getSimplifying, we haveDividing both sides by 96.64 , we haveThus, we getApproximate average price of one metric ton of oranges in January=794.76 \$From the options, it can be seen that 790 is closest to 794.76Thus, the correct option is C)

Note:
Interpreting the condition given in the question and forming the equation is a crucial part of this problem.
To find the closest value to 794.76, we need to find the difference between 794.76 and the numbers given in the options, and choose the minimum one to get the closest value