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

 It is currently 01 Apr 2015, 23:49

### 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

# Bobby bought two shares of stock, which he sold for \$96

 Question banks Downloads My Bookmarks Reviews Important topics
Author Message
TAGS:
Director
Joined: 03 Sep 2006
Posts: 885
Followers: 6

Kudos [?]: 243 [0], given: 33

Bobby bought two shares of stock, which he sold for \$96 [#permalink]  17 Jun 2007, 18:55
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 2 sessions
Bobby bought two shares of stock, which he sold for \$96 each. If he had a profit of 20 percent on the sale of one of the shares but a loss of 20 percent on the sale of 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
VP
Joined: 08 Jun 2005
Posts: 1147
Followers: 6

Kudos [?]: 127 [0], given: 0

[#permalink]  18 Jun 2007, 07:54
96*5/6+96*5/4 = 80+120 = 200 (stock value on day one)

200 - 96*2 = 8 (loss)

the answer is (C)

[#permalink] 18 Jun 2007, 07:54
Similar topics Replies Last post
Similar
Topics:
7 Bobby bought 2 shares, and which he sold for \$96 each. If he 14 11 Dec 2010, 14:44
9 John sold 100 shares of stock for \$96 per share. For half 11 31 Jan 2010, 13:29
Bobby bought two shares of stock, which he sold for 96\$ 2 10 Apr 2008, 21:15
Bobby bought two shares of stock which he sold for \$96 each. 1 25 Nov 2007, 19:56
1 Bobby bought two shares of stock, which he sold for \$96 5 22 Sep 2005, 20:59
Display posts from previous: Sort by

# Bobby bought two shares of stock, which he sold for \$96

 Question banks Downloads My Bookmarks Reviews Important topics

 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®.