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What was the total percentage change of company Xs value from the st
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22 Mar 2022, 02:00
22 Mar 2022, 02:00
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46% (01:57) correct
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What was the total percentage change of company X’s value from the start of 2007 to the start of 2010?
–4.86%
–4.9%
–4.96%
–5%
–5.1%
Great Opportunity To Earn Kudos!!!
GRE Quantitative Reasoning Daily Challenge - (2022) EDITION
Re: What was the total percentage change of company Xs value from the st
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03 Apr 2022, 04:35
03 Apr 2022, 04:35
1
The dots represent values at the end of each year. So we have to calculate 2007, 2008, and 2009 percentage changes.
Let 100 be company X's values at the start of 2007
For 2007 there is no change, so 100
For 2008, 4 percent reduction, so 100-100(0.04)=96
For 2009, 1 percent reduction, so 96-96(0.01)=95.04
Now the percent decrease formula from start of 2007-2009: [old value-new value][/old value]x100
Old value=100
New value=95.04
Replace in the formula you get -4.96, negative for decrease. Option C.
Let 100 be company X's values at the start of 2007
For 2007 there is no change, so 100
For 2008, 4 percent reduction, so 100-100(0.04)=96
For 2009, 1 percent reduction, so 96-96(0.01)=95.04
Now the percent decrease formula from start of 2007-2009: [old value-new value][/old value]x100
Old value=100
New value=95.04
Replace in the formula you get -4.96, negative for decrease. Option C.
Re: What was the total percentage change of company Xs value from the st
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21 Nov 2024, 00:47
21 Nov 2024, 00:47
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