Find all School-related info fast with the new School-Specific MBA Forum

It is currently 16 Apr 2014, 11:52

Close

GMAT 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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

2001, the closing price of stock A and stock B are the same.

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
Joined: 29 Jul 2009
Posts: 121
Followers: 2

Kudos [?]: 10 [0], given: 23

2001, the closing price of stock A and stock B are the same. [#permalink] New post 15 Dec 2009, 05:00
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
2001, the closing price of stock A and stock B are the same. 2002, the closing price of two stocks both
increased and price of A increased more than price of B. By what percent was the price increase of stock A
greater than the price increase of stock B?
(1) 2002, the closing price of stock A is 8% greater than the closing price of stock B.
(2) The closing price of stock A is increased by 15% from 2001 to 2002.

Please help me solve this algebraically!!
Senior Manager
Senior Manager
Joined: 02 Aug 2009
Posts: 269
Followers: 3

Kudos [?]: 79 [0], given: 1

GMAT Tests User
Re: Percent of Increase!!! [#permalink] New post 15 Dec 2009, 05:13
C...
sI gives us the % diff in two stocks but to know the ans asked we also req to know the value of any of the increases...
sII gives us % incr on one stock but not related incr in two stocks..
when combined... n taking the initial value of two as 'x',any variable..we can get the ans
1 KUDOS received
Manager
Manager
Joined: 09 May 2009
Posts: 206
Followers: 1

Kudos [?]: 58 [1] , given: 13

GMAT Tests User
Re: Percent of Increase!!! [#permalink] New post 15 Dec 2009, 05:17
1
This post received
KUDOS
imo c

on exam day solving this is waste of time

let closing stock of 2001 for bth A and B as x1 and of 2002 for A x2 and for B x3

q is asking for the value of [[(x2-x1)-(x3-x1)]/(x3-x1)]*100

s1) x2=108*x3/100 insuff.
s2) x2=115*x1/100 insuff.

combining suff. we can get the value using bth the eqn
_________________

GMAT is not a game for losers , and the moment u decide to appear for it u are no more a loser........ITS A BRAIN GAME

Re: Percent of Increase!!!   [#permalink] 15 Dec 2009, 05:17
    Similar topics Author Replies Last post
Similar
Topics:
New posts stock lnaik 6 27 Sep 2007, 13:41
New posts Each business day the price of stocks is posted at the stock TheRob 6 07 Sep 2009, 05:45
New posts Experts publish their posts in the topic 2001, the closing price of stock A and stock B are the same. mehdiov 2 20 Aug 2010, 10:51
New posts stocks mydreammba 2 25 Oct 2011, 23:07
Popular new posts 15 Experts publish their posts in the topic Yesterday's closing prices of 2,420 different stocks listed conty911 12 14 Sep 2012, 21:18
Display posts from previous: Sort by

2001, the closing price of stock A and stock B are the same.

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.