GRE Prep Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2506
Given Kudos: 1055
GPA: 3.39
Yesterday the price of a certain stock increased by 0.75 of 1 percent.
[#permalink]
23 Jul 2022, 07:46
23 Jul 2022, 07:46
1
Expert Reply
00:00
Question Stats:
72% (01:09) correct
27% (00:47) wrong based on 11 sessions
Hide Show timer Statistics
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.
[#permalink]
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.
[#permalink]
28 Sep 2022, 18:30
28 Sep 2022, 18:30
1
.75/100=0.0075=75/10000=3/400
