**Quant Topic 2 - Problem Solving **

1. Last month 15 homes were sold in Town X. The average (arithmetic mean) sale price of the homes was $ 150,000 and the median sale price was $130,000. Which of the following statement must be true?

** I. at least one of the homes was sold for more than $165,000 **

II. at least one of the homes was sold for more than $130,000 and less than $150,000

III. at least one of the homes was sold for less than $130,000

II. at least one of the homes was sold for more than $130,000 and less than $150,000

III. at least one of the homes was sold for less than $130,000

A. I only

B. II only

C. III only

D. I & II only

E. I & III only

II. x

III. 2x < x

A. None

B. I only

C. III only

D. I & II only

E. I, II & III

A. 3/2

B. 7/4

C. 15/8

D. 16/9

E. 2

A. 72

B. 90

C. 96

D. 108

E. 180

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