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Director
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New post 19 Feb 2006, 18:56
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A
B
C
D
E

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Manager
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New post 19 Feb 2006, 20:58
(96x2) - ((96/1.2)+(96/.8)) = -8
therefore a loss $8
GMAT Club Legend
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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
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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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