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The price of a stock decreased by 20 percent and then increased by x p
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23 Nov 2023, 02:01
23 Nov 2023, 02:01
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Question Stats:
57% (00:49) correct
42% (00:46) wrong based on 19 sessions
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The price of a stock decreased by 20 percent and then increased by x percent. x < 25.
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
Quantity A |
Quantity B |
Final price of the stock after the increase |
Initial price of the stock before the decrease |
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
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Free Materials for the GRE General Exam - Where to get it!!
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Free Materials for the GRE General Exam - Where to get it!!
GRE Geometry Formulas
GRE - Math Book
Re: The price of a stock decreased by 20 percent and then increased by x p
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29 Nov 2023, 02:54
29 Nov 2023, 02:54
1
The answer is B.
Let the initial price = a
If the increase (x) was 25%, then x * 0.8 * 1.25 = x
--> We would have arrived at the same amount again. But since x < 25, it implies that the final price of the stock after the increase
must be less than the initial price of the stock before the decrease.
Let the initial price = a
If the increase (x) was 25%, then x * 0.8 * 1.25 = x
--> We would have arrived at the same amount again. But since x < 25, it implies that the final price of the stock after the increase
must be less than the initial price of the stock before the decrease.
Re: The price of a stock decreased by 20 percent and then increased by x p
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07 Jan 2024, 23:59
07 Jan 2024, 23:59
let stock be = 100unit (before decrease)
20% dec. = 80
then inc of x% (x<25) . let x = 24% (to make cal easy)
80 + 24% of 80 = 99.2
100>99.2
QA<QB
20% dec. = 80
then inc of x% (x<25) . let x = 24% (to make cal easy)
80 + 24% of 80 = 99.2
100>99.2
QA<QB
