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From 2007 to 2008, a stock increased in value by 30%. From 2008 to 200
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07 Jan 2022, 07:16
07 Jan 2022, 07:16
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From 2007 to 2008, a stock increased in value by 30%. From 2008 to 2009, that stock decreased in value by 10%. What was the overall percentage change of the stock’s value from 2007 to 2009?
7%
10%
17%
20%
40%
7%
10%
17%
20%
40%
Re: From 2007 to 2008, a stock increased in value by 30%. From 2008 to 200
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08 Jan 2022, 08:23
08 Jan 2022, 08:23
1
Solution:
Lets say the stock value in 2007 was 100
After a 30% increase, it will be 130
And a 13% decrease in the following year the stock value will be 117
Thus, the % increase from 2007 to 2009 is 17%
Using values makes such questions easier.
Hope this helps!
Lets say the stock value in 2007 was 100
After a 30% increase, it will be 130
And a 13% decrease in the following year the stock value will be 117
Thus, the % increase from 2007 to 2009 is 17%
Using values makes such questions easier.
Hope this helps!
gmatclubot
Re: From 2007 to 2008, a stock increased in value by 30%. From 2008 to 200 [#permalink]
08 Jan 2022, 08:23
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