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# 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: 884 Followers: 6 Kudos [?]: 290 [0], given: 33 Bobby bought two shares of stock, which he sold for$96 [#permalink]  17 Jun 2007, 18:55
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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: 1146 Followers: 6 Kudos [?]: 136 [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
10 John sold 100 shares of stock for $96 per share. For half 11 31 Jan 2010, 13:29 An investor bought N shares of company X at$15 per share 2 17 Dec 2007, 13:40
Danny bought A shares of Apple Inc for $15 per share. He 4 06 Nov 2007, 12:06 1 Bobby bought two shares of stock, which he sold for$96 5 22 Sep 2005, 20:59
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