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Bobby bought two shares of stock, which he sold for 96$[#permalink] ### Show Tags 10 Apr 2008, 21:15 This topic is locked. If you want to discuss this question please re-post it in the respective forum. Bobby bought two shares of stock, which he sold for 96$ 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

Friends, I think I lost somewhere in. Pls give me a hand! Thanks!
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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$E. neither a profit nor a loss Friends, I think I lost somewhere in. Pls give me a hand! Thanks! profit (or loss) = (2x96) - (96/1.2 + 96/0.8) = 192 - (80 + 120) = -8.00 C. a loss of 8$
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10 Apr 2008, 23:35
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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,

http://gmatclub.com/forum/7-t62406
There profit was off Selling price here its off Purchase price.
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Re: Bobby bought two shares of stock, which he sold for 96$[#permalink] ### Show Tags 03 Sep 2015, 10:02 Hello from the GMAT Club BumpBot! Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________ Re: Bobby bought two shares of stock, which he sold for 96$   [#permalink] 03 Sep 2015, 10:02
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