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Mr. William bought shares of two companies, Max and Duke. The amount i
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Updated on: 08 Oct 2023, 02:18
Updated on: 08 Oct 2023, 02:18
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64% (02:23) correct
35% (02:42) wrong based on 17 sessions
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Mr. William bought shares of two companies, Max and Duke. The amount invested in Max was 3 times of the amount invested in Duke but after two year the profit from Max was \(\frac{2}{3}\) of the profit from Duke. If the profit from Duke \(\frac{1}{4}\) was of the investment done in Max, what is his overall profit percentage?
6.25%
12.5%
31.25%
40%
None of the above
Post A Detailed Correct Solution For The Above Questions And Get A Kudos.
Question From Our Project: Free GRE Prep Club Tests in Exchange for 20 Kudos
\(\Longrightarrow\) GRE - Quant Daily Topic-wise Challenge
\(\Longrightarrow\) GRE PERCENT
6.25%
12.5%
31.25%
40%
None of the above
Post A Detailed Correct Solution For The Above Questions And Get A Kudos.
Question From Our Project: Free GRE Prep Club Tests in Exchange for 20 Kudos
\(\Longrightarrow\) GRE - Quant Daily Topic-wise Challenge
\(\Longrightarrow\) GRE PERCENT
Re: Mr. William bought shares of two companies, Max and Duke. The amount i
[#permalink]
04 Apr 2023, 15:42
04 Apr 2023, 15:42
1
Max = 3x
Duke = x
Duke's profit same as Max = 3x
max's profit = 3x
Profit % = 6x/4x = 150 % ?
Am I missing something here
Duke = x
Duke's profit same as Max = 3x
max's profit = 3x
Profit % = 6x/4x = 150 % ?
Am I missing something here
Re: Mr. William bought shares of two companies, Max and Duke. The amount i
[#permalink]
08 Oct 2023, 01:14
08 Oct 2023, 01:14
1
Midhilesh489 wrote:
Max = 3x
Duke = x
Duke's profit same as Max = 3x
max's profit = 3x
Profit % = 6x/4x = 150 % ?
Am I missing something here
Duke = x
Duke's profit same as Max = 3x
max's profit = 3x
Profit % = 6x/4x = 150 % ?
Am I missing something here
I think, 150% is the increased amount. Profit will be 150 -100 = 50%. But this still isn't one of the options, so I am also not sure what to do differently. May be Carcass can help?
