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

 It is currently 31 May 2016, 13:02

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

### Show Tags

22 Sep 2005, 21:59
2
This post was
BOOKMARKED
00:00

Difficulty:

55% (hard)

Question Stats:

60% (02:04) correct 40% (01:46) wrong based on 116 sessions

### HideShow timer Statistics

Bobby bought two shares of stock, which he sold for $96 each. If he had a profit of 20% on one of the shares and a loss of 20% on the other share, then on the sale of both shares combined Bobby had: A. A profit of$10
B. A profit of $8 C. A loss of$8
D. A loss of $10 E. Neither a profit nor a loss OPEN DISCUSSION OF THIS QUESTION IS HERE: bobby-bought-2-shares-and-which-he-sold-for-96-each-if-he-106148.html [Reveal] Spoiler: OA Last edited by Bunuel on 24 Nov 2014, 06:27, edited 1 time in total. Added the OA. Manager Joined: 15 Jul 2005 Posts: 105 Followers: 1 Kudos [?]: 7 [0], given: 0 Re: Bobby bought two shares of stock, which he sold for$96 [#permalink]

### Show Tags

22 Sep 2005, 23:45
c) loss of $8 2 stocks x,y sold for$96 each

where 96=x+x/5 and 96 = y-y/5

x=80, y=120

x+y=200

stock sold for 96*2=192, therefore loss of $8 Manager Joined: 06 Aug 2005 Posts: 197 Followers: 3 Kudos [?]: 7 [0], given: 0 Re: Bobby bought two shares of stock, which he sold for$96 [#permalink]

### Show Tags

23 Sep 2005, 02:10
If you are running out of time on this sort of question:

when it is worded this way round you always make a loss.
so you only have to guess between two options not five.
Senior Manager
Joined: 22 Jun 2005
Posts: 363
Location: London
Followers: 1

Kudos [?]: 6 [0], given: 0

### Show Tags

24 Nov 2014, 03:44
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________
Math Expert
Joined: 02 Sep 2009
Posts: 33104
Followers: 5786

Kudos [?]: 71034 [0], given: 9857

Re: Bobby bought two shares of stock, which he sold for $96 [#permalink] ### Show Tags 24 Nov 2014, 06:27 Expert's post Bobby bought 2 shares, and which he sold for$96 each. If he had a profit of 20% on the sale of one of the shares but a loss of 20% on the sale of the other share, then on the sale of both shares Bobby had...

A) a profit of 10
B) a profit of 8
C) a loss of 8
D) a loss of 10
E) neither a profit nor a loss

Cost of the first stock: 96/1.2=80, so profit from it 96-80=16
Cost of the second stock: 96/0.8=120, so loss from it 96-120=-24

Overall loss 16-24=-8

OPEN DISCUSSION OF THIS QUESTION IS HERE: bobby-bought-2-shares-and-which-he-sold-for-96-each-if-he-106148.html
_________________
Re: Bobby bought two shares of stock, which he sold for $96 [#permalink] 24 Nov 2014, 06:27 Similar topics Replies Last post Similar Topics: John bought 2 shares and sold them for$96 each. If he had a profit of 2 03 Nov 2015, 13:10
5 Jim picked a number of pears, each of which he sold, canned, or poache 4 09 Jul 2015, 04:25
9 John bought 2 shares and sold them for $96 each. If he had a profit of 7 17 Apr 2015, 04:30 14 Bobby bought 2 shares, and which he sold for$96 each. If he 15 11 Dec 2010, 15:44
18 John sold 100 shares of stock for $96 per share. For half 13 31 Jan 2010, 14:29 Display posts from previous: Sort by # Bobby bought two shares of stock, which he sold for$96

 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®.