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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: SVP Joined: 04 May 2006 Posts: 1936 Schools: CBS, Kellogg Followers: 19 Kudos [?]: 487 [0], given: 1 Bobby bought two shares of stock, which he sold for 96$ [#permalink]  10 Apr 2008, 21:15
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$E. neither a profit nor a loss Friends, I think I lost somewhere in. Pls give me a hand! Thanks! _________________ SVP Joined: 29 Aug 2007 Posts: 2493 Followers: 59 Kudos [?]: 576 [0], given: 19 Re: Loss or profit [#permalink] 10 Apr 2008, 21:33 sondenso wrote: Bobby bought two shares of stock, which he sold for 96$ 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

Friends, I think I lost somewhere in. Pls give me a hand! Thanks!

profit (or loss) = (2x96) - (96/1.2 + 96/0.8) = 192 - (80 + 120) = -8.00

C. a loss of 8$_________________ Senior Manager Joined: 29 Jan 2007 Posts: 450 Location: Earth Followers: 2 Kudos [?]: 45 [0], given: 0 Re: Loss or profit [#permalink] 10 Apr 2008, 23:35 GMAT TIGER wrote: sondenso wrote: Bobby bought two shares of stock, which he sold for 96$ 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

Friends, I think I lost somewhere in. Pls give me a hand! Thanks!

profit (or loss) = (2x96) - (96/1.2 + 96/0.8) = 192 - (80 + 120) = -8.00

C. a loss of 8$GMATTIGER, Look at my comment on this thread for your post http://gmatclub.com/forum/7-t62406 There profit was off Selling price here its off Purchase price. Re: Loss or profit [#permalink] 10 Apr 2008, 23:35 Similar topics Replies Last post Similar Topics: A decorator bought a bolt of defective cloth that he judged 3 18 Apr 2008, 08:03 Lana bought two lots last year and sold both of them 2 10 Mar 2008, 22:24 Lana bought 2 stocks last year and sold both of them 2 29 Dec 2007, 09:39 Bobby bought two shares of stock which he sold for$96 each. 1 25 Nov 2007, 19:56
Gmatprep - shares of stock 3 04 Feb 2007, 10:35
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