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# ps2

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Senior Manager
Joined: 30 Aug 2003
Posts: 325
Location: dallas , tx
Followers: 1

Kudos [?]: 9 [0], given: 0

ps2 [#permalink]  10 Dec 2003, 10:36
00:00

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Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
The value of a share of stock P and the value of a share of stock Q each increased by 16%. If the value of a share of stock P increased by 16 cents and the value of a share of stock Q increased by $1.68, what is the difference between the value of stock Q and the value of stock P before the increases$8.00

$9.50$10.00

$10.50$11.02
_________________

shubhangi

Director
Joined: 28 Oct 2003
Posts: 503
Location: 55405
Followers: 1

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

p*1.16=p+.16
1.16=1+(.16/p)
.16p=.16
p=1

q*1.16=q+1.68
1.16=1+(1.68/q)
.16=1.68/q
.16q=1.68
q=10.50

Find p and q, take difference.

9.50
CEO
Joined: 15 Aug 2003
Posts: 3469
Followers: 61

Kudos [?]: 701 [0], given: 781

Re: ps2 [#permalink]  13 Dec 2003, 00:30
shubhangi wrote:

The value of a share of stock P and the value of a share of stock Q each increased by 16%. If the value of a share of stock P increased by 16 cents and the value of a share of stock Q increased by $1.68, what is the difference between the value of stock Q and the value of stock P before the increases?$8.00
$9.50$10.00
$10.50$11.02

0.16( P ) =0.16

0.16 (Q) =1.68

Q - P = 1.52/ 0.16 = 152/16 = 76/8 = 38/4 = 19/2 =9.5
Re: ps2   [#permalink] 13 Dec 2003, 00:30
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