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Mr. Joseph invested $1,800 in share market and bought a total of 120 e
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03 Apr 2023, 01:20
03 Apr 2023, 01:20
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Question Stats:
88% (01:40) correct
11% (02:27) wrong based on 9 sessions
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Mr. Joseph invested $1,800 in share market and bought a total of 120 equally priced shares of company X. The stock value appreciated by 33.33% and then depreciated by x%. If the final per unit cost was $18, what is the value of x?
5%
7.67%
10%
12.5%
13.33%
Post A Detailed Correct Solution For The Above Questions And Get A Kudos.
Question From Our Project: Free GRE Prep Club Tests in Exchange for 20 Kudos
\(\Longrightarrow\) GRE - Quant Daily Topic-wise Challenge
\(\Longrightarrow\) GRE PERCENT
5%
7.67%
10%
12.5%
13.33%
Post A Detailed Correct Solution For The Above Questions And Get A Kudos.
Question From Our Project: Free GRE Prep Club Tests in Exchange for 20 Kudos
\(\Longrightarrow\) GRE - Quant Daily Topic-wise Challenge
\(\Longrightarrow\) GRE PERCENT
Re: Mr. Joseph invested $1,800 in share market and bought a total of 120 e
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04 Apr 2023, 16:38
04 Apr 2023, 16:38
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Each Share price = 1800/120 = 15
Increased by 33.33% = 15 * 4/3 = 20
20 ---> 18 = 2 --> x% decrease
2/20 = 10% decrease
Increased by 33.33% = 15 * 4/3 = 20
20 ---> 18 = 2 --> x% decrease
2/20 = 10% decrease
gmatclubot
Re: Mr. Joseph invested $1,800 in share market and bought a total of 120 e [#permalink]
04 Apr 2023, 16:38
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