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

It is currently 23 Oct 2014, 00:45

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

When the stock market opened yesterday, the price of a share

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Senior Manager
Senior Manager
User avatar
Status: May The Force Be With Me (D-DAY 15 May 2012)
Joined: 06 Jan 2012
Posts: 292
Location: India
Concentration: General Management, Entrepreneurship
Followers: 1

Kudos [?]: 89 [0], given: 16

Reviews Badge
When the stock market opened yesterday, the price of a share [#permalink] New post 31 Mar 2012, 20:16
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

76% (01:52) correct 24% (01:13) wrong based on 49 sessions
When the stock market opened yesterday, the price of a share of stock X was 10 1/2. When the market closed, the price was 11 1/4. Of the following, which is closest to the percent increase in the price of stock X?

A. 0.5%
B. 1.0%
C. 6.7%
D. 7.1%
E. 7.5%
[Reveal] Spoiler: OA

_________________

Giving +1 kudos is a better way of saying 'Thank You'.


Last edited by Bunuel on 01 Apr 2012, 01:05, edited 1 time in total.
Edited the question
Expert Post
Math Expert
User avatar
Joined: 02 Sep 2009
Posts: 23393
Followers: 3607

Kudos [?]: 28813 [0], given: 2849

Re: Stock Prices [#permalink] New post 01 Apr 2012, 01:05
Expert's post
boomtangboy wrote:
15. When the stock market opened yesterday, the price of a share of stock X was . When the market closed, the price was . Of the following, which is closest to the percent increase in the price of stock X?
(A) 0.5%
(B) 1.0%
(C) 6.7%
(D) 7.1%
(E) 7.5%


Question should read:

When the stock market opened yesterday, the price of a share of stock X was 10 1/2. When the market closed, the price was 11 1/4. Of the following, which is closest to the percent increase in the price of stock X?

A. 0.5%
B. 1.0%
C. 6.7%
D. 7.1%
E. 7.5%

General formula for percent increase or decrease, (percent change): Percent=\frac{Change}{Original}*100.

So, the percent increase in the price of stock X is \frac{\frac{45}{4}-\frac{21}{2}}{\frac{21}{2}}*100=\frac{50}{7}%\approx{7.1%}.

Answer: D.
_________________

NEW TO MATH FORUM? PLEASE READ THIS: ALL YOU NEED FOR QUANT!!!

PLEASE READ AND FOLLOW: 11 Rules for Posting!!!

RESOURCES: [GMAT MATH BOOK]; 1. Triangles; 2. Polygons; 3. Coordinate Geometry; 4. Factorials; 5. Circles; 6. Number Theory; 7. Remainders; 8. Overlapping Sets; 9. PDF of Math Book; 10. Remainders; 11. GMAT Prep Software Analysis NEW!!!; 12. SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) NEW!!!; 12. Tricky questions from previous years. NEW!!!;

COLLECTION OF QUESTIONS:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS ; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
25 extra-hard Quant Tests

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Senior Manager
Senior Manager
User avatar
Status: May The Force Be With Me (D-DAY 15 May 2012)
Joined: 06 Jan 2012
Posts: 292
Location: India
Concentration: General Management, Entrepreneurship
Followers: 1

Kudos [?]: 89 [0], given: 16

Reviews Badge
Re: When the stock market opened yesterday, the price of a share [#permalink] New post 01 Apr 2012, 04:20
Thanks Bunuel.....
_________________

Giving +1 kudos is a better way of saying 'Thank You'.

Re: When the stock market opened yesterday, the price of a share   [#permalink] 01 Apr 2012, 04:20
    Similar topics Author Replies Last post
Similar
Topics:
The reasons for yesterday's sharp rise in the stock market w skamal7 0 23 Jul 2013, 22:07
29 Experts publish their posts in the topic Yesterday's closing prices of 2,420 different stocks listed conty911 22 14 Sep 2012, 21:18
Experts publish their posts in the topic If the total price of n equally priced stock shares is p, rxs0005 3 25 Nov 2010, 08:30
The reasons for yesterdays sharp rise in the stock market Allen760 1 21 Oct 2006, 13:07
5 The reasons for yesterday's sharp rise in the stock market foolbox 13 14 Jul 2006, 07:24
Display posts from previous: Sort by

When the stock market opened yesterday, the price of a share

  Question banks Downloads My Bookmarks Reviews Important topics  


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®.