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GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2505
Given Kudos: 1055
GPA: 3.39
Yesterday the price of a certain stock increased by 0.75 of 1 percent.
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23 Jul 2022, 07:46
23 Jul 2022, 07:46
1
Expert Reply
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Question Stats:
72% (01:09) correct
27% (00:47) wrong based on 11 sessions
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Yesterday the price of a certain stock increased by 0.75 of 1 percent. By what fraction did the price of the stock increase yesterday?
A. 3/4
B. 1/75
C. 3/40
D. 3/400
E. 1/7,500
A. 3/4
B. 1/75
C. 3/40
D. 3/400
E. 1/7,500
Re: Yesterday the price of a certain stock increased by 0.75 of 1 percent.
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24 Jul 2022, 16:36
24 Jul 2022, 16:36
Expert Reply
By definition, 1 percent = \(\frac{1 }{ 100}\).
Also, the fractional equivalent of 0.75 = \(\frac{3 }{ 4}\)
Increase in the price of the stock = 0.75 OF 1 percent.
The word OF always represents multiplication. Therefore, 0.75 OF 1 percent = 0.75 * 1 percent.
Substituting the values, 0.75 * 1 percent = \(\frac{3 }{ 4}\) * \(\frac{1 }{ 100}\) = \(\frac{3 }{ 400}\).
Therefore, increase in the price of the stock = \(\frac{3 }{ 400}\).
The correct answer option is D.
Also, the fractional equivalent of 0.75 = \(\frac{3 }{ 4}\)
Increase in the price of the stock = 0.75 OF 1 percent.
The word OF always represents multiplication. Therefore, 0.75 OF 1 percent = 0.75 * 1 percent.
Substituting the values, 0.75 * 1 percent = \(\frac{3 }{ 4}\) * \(\frac{1 }{ 100}\) = \(\frac{3 }{ 400}\).
Therefore, increase in the price of the stock = \(\frac{3 }{ 400}\).
The correct answer option is D.
Yesterday the price of a certain stock increased by 0.75 of 1 percent.
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28 Sep 2022, 18:30
28 Sep 2022, 18:30
1
.75/100=0.0075=75/10000=3/400
