Find all School-related info fast with the new School-Specific MBA Forum
Learn more about the recent changes... close

It is currently 19 Jun 2013, 23:29
Customize  |  Hide

Search
Register
New posts
Unanswered

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

  Question banks Downloads My Bookmarks Reviews  
  Oldest Best Reply
Search for:
 
Print view
First unread post
Author Message
TAGS:
Director
Director
User avatar
Joined: 03 Sep 2006
Posts: 909
Followers: 5

Kudos [?]: 35 [0], given: 33

CAT Tests
Bobby bought two shares of stock, which he sold for $96 [#permalink] New post 17 Jun 2007, 19:55
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 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
VP
User avatar
Joined: 08 Jun 2005
Posts: 1171
Followers: 5

Kudos [?]: 80 [0], given: 0

GMAT Tests User
 [#permalink] New post 18 Jun 2007, 08:54
96*5/6+96*5/4 = 80+120 = 200 (stock value on day one)

200 - 96*2 = 8 (loss)

the answer is (C)

:-D
  [#permalink] 18 Jun 2007, 08:54
    Similar topics Author Replies Last post
Similar
Topics:
 New posts Bobby bought two shares of stock, which he sold for $96 coffeeloverfreak 3 22 Sep 2005, 21:59
New posts Bobby bought two shares of stock which he sold for $96 each. jenniferia2002 1 25 Nov 2007, 20:56
New posts Bobby bought two shares of stock, which he sold for 96$ sondenso 2 10 Apr 2008, 22:15
New posts Experts publish their posts in the topic John sold 100 shares of stock for $96 per share. For half GMATFIGHTER 5 31 Jan 2010, 14:29
Popular new posts 4 Experts publish their posts in the topic Bobby bought 2 shares, and which he sold for $96 each. If he Yellow22 10 11 Dec 2010, 15:44
Display posts from previous: Sort by

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

  Question banks Downloads My Bookmarks Reviews  
Print view
First unread post

Moderators: VeritasPrepKarishma, Bunuel, IanStewart

Search for:


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®.

Main navigation

GMAT Resources

Partners

MBA Resources

www.gmac.com|www.mba.com