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A stockholder holds one share each of two different companie
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15 May 2019, 05:30
15 May 2019, 05:30
Expert Reply
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Question Stats:
69% (00:33) correct
30% (00:23) wrong based on 13 sessions
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A stockholder holds one share each of two different companies A and B. Last month, the value of a share of Company A increased by 13 dollars and that of Company B decreased by 8 dollars. How much did the net value of the two shares increase last month?
(A) 2
(B) 3
(C) 4
(D) 5
(E) 6
(A) 2
(B) 3
(C) 4
(D) 5
(E) 6
GRE Prep Club Tests Editor
Joined: 13 May 2019
Affiliations: Partner at MyGuru LLC.
Posts: 186
Given Kudos: 5
Location: United States
GMAT 1: 770 Q51 V44
GRE 1: Q169 V168
WE:Education (Education)
Re: A stockholder holds one share each of two different companie
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15 May 2019, 11:37
15 May 2019, 11:37
1
Expert Reply
Quote:
A stockholder holds one share each of two different companies A and B. Last month, the value of a share of Company A increased by 13 dollars and that of Company B decreased by 8 dollars. How much did the net value of the two shares increase last month?
Net value increase = Total increase of the shares combined. Since A increased $13 and B decreased $8, simply calculate 13 - 8 = $5, which matches choice D.
gmatclubot
Re: A stockholder holds one share each of two different companie [#permalink]
15 May 2019, 11:37
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