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Bobby bought two shares of stock, which he sold for $96 [#permalink] ### Show Tags 17 Jun 2007, 18:55 00:00 Difficulty: (N/A) Question Stats: 0% (00:00) correct 0% (00:00) wrong based on 3 sessions ### HideShow timer Statistics This topic is locked. If you want to discuss this question please re-post it in the respective forum. 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
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18 Jun 2007, 07:54
96*5/6+96*5/4 = 80+120 = 200 (stock value on day one)

200 - 96*2 = 8 (loss)

18 Jun 2007, 07:54
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