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For the company whose stock value changed
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03 Dec 2020, 10:03
03 Dec 2020, 10:03
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Question Stats:
78% (01:25) correct
21% (00:57) wrong based on 41 sessions
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The data show the high and low dollar values of five tech company’s stocks in the year 2012
For the company whose stock value changed by the highest percentage during the year, what percent of the stock’s maximum value was its minimum value?
A. 30%
B. 35%
C. 40%
D. 45%
E. 50%
Kudos for the right answer and explanation
For the company whose stock value changed by the highest percentage during the year, what percent of the stock’s maximum value was its minimum value?
A. 30%
B. 35%
C. 40%
D. 45%
E. 50%
Kudos for the right answer and explanation
Re: For the company whose stock value changed
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01 Jan 2021, 05:33
01 Jan 2021, 05:33
3
SearchWiz has the highest percentage change as per the percent change formula --> (new value - old value)/old value x 100 = (50 - 20)/20 x 100.
30/20 x 100 = 150%.
What percent of $50 is $20 --> x% of $50 = $20.
x/100 x 50 = 20 --> x = 20 x 2 --> x = 40%.
Hence choice C is the correct answer.
30/20 x 100 = 150%.
What percent of $50 is $20 --> x% of $50 = $20.
x/100 x 50 = 20 --> x = 20 x 2 --> x = 40%.
Hence choice C is the correct answer.
Re: For the company whose stock value changed
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12 Jan 2021, 03:23
12 Jan 2021, 03:23
1
In these sort of questions one has to do the eye test to find the correct answer otherwise a single question will consume a lot of time.
For comparison let us take LinkUp as the reference point. It's share rose slightly more than 100% as value increased from $10 to a little more than $20.
Now when we look at the bar for any other company none of the shares improved by 100% except for SearchWiz. There is always a trap if you just look at raw increase in price of $10 then other companies also fulfill the criteria.
For searchWiz max price = $50
and min price = $20
Therefore the percentage of min to max is \(\frac{20}{50}\) \(*100\) = 40%
For comparison let us take LinkUp as the reference point. It's share rose slightly more than 100% as value increased from $10 to a little more than $20.
Now when we look at the bar for any other company none of the shares improved by 100% except for SearchWiz. There is always a trap if you just look at raw increase in price of $10 then other companies also fulfill the criteria.
For searchWiz max price = $50
and min price = $20
Therefore the percentage of min to max is \(\frac{20}{50}\) \(*100\) = 40%
