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The share price of a certain stock was x at the end of Wednesday’s tra
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28 Feb 2021, 10:14
28 Feb 2021, 10:14
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The share price of a certain stock was x at the end of Wednesday’s trading. The price went up 25% at the close of Thursday’s trading and then down 20% at the close of Friday’s trading.
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Question part of the project GRE Quantitative Reasoning Daily Challenge - (2021) EDITION
GRE - Math Book
Quantity A |
Quantity B |
The share price of that stock at the close of Friday's trading |
x |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Question part of the project GRE Quantitative Reasoning Daily Challenge - (2021) EDITION
GRE - Math Book
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Re: The share price of a certain stock was x at the end of Wednesday’s tra
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28 Feb 2021, 12:12
28 Feb 2021, 12:12
1
Carcass wrote:
The share price of a certain stock was x at the end of Wednesday’s trading. The price went up 25% at the close of Thursday’s trading and then down 20% at the close of Friday’s trading.
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Quantity A |
Quantity B |
The share price of that stock at the close of Friday's trading |
x |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
I think this question from 5Lb!
Price at the end of Wednesday = \(x\)
Price at the end of Thursday = \(1.25x\)
Price at the end of Friday = \((0.80)(1.25x) = x\)
Col. A: \(x\)
Col. B: \(x\)
Hence, option C
gmatclubot
Re: The share price of a certain stock was x at the end of Wednesday’s tra [#permalink]
28 Feb 2021, 12:12
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