Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 29 May 2015, 15:30

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# If x equally priced shares of a certain stock were valued

 Question banks Downloads My Bookmarks Reviews Important topics
Author Message
TAGS:
Director
Status: Finally Done. Admitted in Kellogg for 2015 intake
Joined: 25 Jun 2011
Posts: 552
Location: United Kingdom
Concentration: International Business, Strategy
GMAT 1: 730 Q49 V40
GPA: 2.9
WE: Information Technology (Consulting)
Followers: 22

Kudos [?]: 1052 [1] , given: 217

If x equally priced shares of a certain stock were valued [#permalink]  15 Mar 2012, 00:30
1
This post received
KUDOS
2
This post was
BOOKMARKED
00:00

Difficulty:

45% (medium)

Question Stats:

56% (02:20) correct 44% (00:56) wrong based on 108 sessions
If x equally priced shares of a certain stock were valued at $25,000 on Monday, what was the value per share of the stock on Friday? (1) The value of each share increased by 3% between Monday and Friday. (2) The value of each share increased by$1.50 between Monday and Friday.
[Reveal] Spoiler: OA

_________________

Best Regards,
E.

MGMAT 1 --> 530
MGMAT 2--> 640
MGMAT 3 ---> 610
GMAT ==> 730

Math Expert
Joined: 02 Sep 2009
Posts: 27535
Followers: 4328

Kudos [?]: 42617 [1] , given: 6050

Re: Value per share [#permalink]  15 Mar 2012, 01:25
1
This post received
KUDOS
Expert's post
If x equally priced shares of a certain stock were valued at $25,000 on Monday, what was the value per share of the stock on Friday? Notice that we are asked to find the value PER SHARE on Monday. (1) The value of each share increased by 3% between Monday and Friday. Not sufficient. (2) The value of each share increased by$1.50 between Monday and Friday. Not sufficient.

(1)+(2) Since 3% increase resulted in $1.50 increase in value then (old price per share)*0.03=$1.50 --> old price per share=$50 --> new price per share$50*1.03=\$51.5. Sufficient.

Answer: C.
_________________
GMAT Club Legend
Joined: 09 Sep 2013
Posts: 4965
Followers: 300

Kudos [?]: 55 [0], given: 0

Re: If x equally priced shares of a certain stock were valued [#permalink]  17 Jul 2014, 20:27
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: If x equally priced shares of a certain stock were valued   [#permalink] 17 Jul 2014, 20:27
Similar topics Replies Last post
Similar
Topics:
8 If the total price of n equally priced shares of a certain s 11 21 Jan 2014, 03:15
3 If the total price of n equally priced shares of a certain 3 22 Jan 2013, 04:36
If the total price of n equally priced stock shares is p, 3 25 Nov 2010, 08:30
1 Last year the price per share of stock X increased by k%, 6 11 Dec 2005, 05:35
Last year the price per share of Stock X increased by k 2 03 Jul 2005, 21:01
Display posts from previous: Sort by

# If x equally priced shares of a certain stock were valued

 Question banks Downloads My Bookmarks Reviews Important topics

 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®.