The price of a house increased by 20% in 2022. It then decreased by 15% in 2023. The price of the house at the end of 2023 was £340 000. Work out the price of the house at the start of 2022. Give your answer to 3 significant figures.
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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