GRE Prep Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
A particular stock is valued at $50 per share. If the value
[#permalink]
08 Jan 2021, 10:26
08 Jan 2021, 10:26
Expert Reply
00:00
Question Stats:
92% (00:44) correct
7% (00:20) wrong based on 14 sessions
Hide Show timer Statistics
A particular stock is valued at $50 per share. If the value increases 25% and then decreases 20%, what is the value of the stock per share after the decrease?
Kudos for the right answer and explanation
Show: :: OA
$50
Kudos for the right answer and explanation
Re: A particular stock is valued at $50 per share. If the value
[#permalink]
09 Jan 2021, 08:18
09 Jan 2021, 08:18
1
Now value = $50
first increase of 25% and then decrease of 20%
We can use multiplier for this kinds of questions.
for 25% increase, new value = \(\frac{50*5}{4}\) = 62.5
Then 20% decrease, new value = \(\frac{62.5*4}{5}\) = 50
No change in the price.
Answer 50
first increase of 25% and then decrease of 20%
We can use multiplier for this kinds of questions.
for 25% increase, new value = \(\frac{50*5}{4}\) = 62.5
Then 20% decrease, new value = \(\frac{62.5*4}{5}\) = 50
No change in the price.
Answer 50
Re: A particular stock is valued at $50 per share. If the value
[#permalink]
09 Jan 2021, 17:23
09 Jan 2021, 17:23
1
50 x 1.25 x 0.8
= 50 x (5/4) x (4/5)
= 50 x ( 1)
= 50
Answer : 50
= 50 x (5/4) x (4/5)
= 50 x ( 1)
= 50
Answer : 50
