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Director
Director
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Joined: 27 Jun 2005
Posts: 517
Location: MS
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Kudos [?]: 10 [0], given: 0

GMAT Tests User
PS-Stock GMATPrep [#permalink] New post 19 Feb 2006, 18:56
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
see attachment
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Manager
Manager
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Joined: 01 Feb 2006
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 [#permalink] New post 19 Feb 2006, 20:58
(96x2) - ((96/1.2)+(96/.8)) = -8
therefore a loss $8
GMAT Club Legend
GMAT Club Legend
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Joined: 07 Jul 2004
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GMAT Tests User
 [#permalink] New post 19 Feb 2006, 21:34
Share A - $x
Share B - $y

Sold share A at 20% profit = 1.2x = 96 ---> x = 80
Sold share B at 20% loss = 0.8y = 96 ---> y = 120

Total sale = 96*2 = 192
Original cost = 200

So he made a loss of $8
Director
Director
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Joined: 27 Jun 2005
Posts: 517
Location: MS
Followers: 2

Kudos [?]: 10 [0], given: 0

GMAT Tests User
 [#permalink] New post 19 Feb 2006, 22:51
yup ...OA is A LOSS OF $8..... I didn't read the question right during the test :cry: :cry: ......it was an easy one
  [#permalink] 19 Feb 2006, 22:51
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