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

It is currently 01 Oct 2014, 11:08

Close

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Lana bought 2 stocks last year and sold both of them

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
VP
VP
avatar
Joined: 22 Nov 2007
Posts: 1102
Followers: 6

Kudos [?]: 128 [0], given: 0

Lana bought 2 stocks last year and sold both of them [#permalink] New post 29 Dec 2007, 09:39
Lana bought 2 stocks last year and sold both of them yesterday. if the selling price of stock B was twice that of stock A, did Lana make a profit on the sale of these 2 stocks?

1. Lana sold stock A for 20% more than its purchase price
2. Lana sold stock B for more than 90% of its purchase price?
Senior Manager
Senior Manager
User avatar
Joined: 01 Sep 2006
Posts: 302
Location: Phoenix, AZ, USA
Followers: 1

Kudos [?]: 15 [0], given: 0

Re: percents [#permalink] New post 29 Dec 2007, 10:10
marcodonzelli wrote:
Lana bought 2 stocks last year and sold both of them yesterday. if the selling price of stock B was twice that of stock A, did Lana make a profit on the sale of these 2 stocks?

1. Lana sold stock A for 20% more than its purchase price
2. Lana sold stock B for more than 90% of its purchase price?


let SP of A be 100 then SP o B is 200
Using (1) we know she made profit on A.

SP 120 CP100
SP100 CP=100*100/120=83.33
Profit of 16.66 on A
We donot know if she made profit or loss on B

Using (2) we know she made profi on B

SP 190 CP 100
SP 200 CP 200*100/190=105.xx SO pofit of about 95

We donot know if she made profit ot loss on A

Togather SHE MADE PROFIT

Answer C
VP
VP
avatar
Joined: 22 Nov 2007
Posts: 1102
Followers: 6

Kudos [?]: 128 [0], given: 0

Re: percents [#permalink] New post 29 Dec 2007, 10:21
OA is actually E

suppose the selling prices of A and B were s and 2s respectively. we need to know whether the sum of the purchase prices was less than 3s

1. s=1.2 pa, so pa=5s/6 not suff
2. 2s>0.9pb, so pb<20s/9

let's see C....pa+pb<5s>3s, so pa+pb may also be<3s
Re: percents   [#permalink] 29 Dec 2007, 10:21
    Similar topics Author Replies Last post
Similar
Topics:
Lana bought two lots last year and sold both of them marcodonzelli 2 10 Mar 2008, 22:24
Bobby bought two shares of stock which he sold for $96 each. jenniferia2002 1 25 Nov 2007, 19:56
Lana bought two lots last year and sold both of them kevincan 13 31 Jul 2007, 09:16
Bobby bought two shares of stock, which he sold for $96 LM 1 17 Jun 2007, 18:55
Bobby bought two shares of stock, which he sold for $96 coffeeloverfreak 3 22 Sep 2005, 20:59
Display posts from previous: Sort by

Lana bought 2 stocks last year and sold both of them

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

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®.