GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 20 May 2019, 17:41

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.

Close

Request Expert Reply

Confirm Cancel

An investor purchased x shares of stock at a certain price.

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
Retired Moderator
avatar
V
Joined: 22 Jun 2014
Posts: 1112
Location: India
Concentration: General Management, Technology
GMAT 1: 540 Q45 V20
GPA: 2.49
WE: Information Technology (Computer Software)
GMAT ToolKit User
An investor purchased x shares of stock at a certain price.  [#permalink]

Show Tags

New post 24 Nov 2018, 08:48
2
1
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

90% (01:23) correct 10% (01:41) wrong based on 101 sessions

HideShow timer Statistics

An investor purchased x shares of stock at a certain price. If the stock then increased in price $0.25 per share and the total increase for the x shares was $12.50. how many shares of stock had been purchased?

(A) 25
(B) 50
(C) 75
(D) 100
(E) 125

Project PS Butler : Question #37


Subscribe to get Daily Email - Click Here | Subscribe via RSS - RSS

_________________
Manager
Manager
User avatar
G
Joined: 09 Jun 2018
Posts: 190
Location: United States
GPA: 3.95
WE: Manufacturing and Production (Energy and Utilities)
GMAT ToolKit User Premium Member CAT Tests
Re: An investor purchased x shares of stock at a certain price.  [#permalink]

Show Tags

New post 24 Nov 2018, 09:07
1
1
Let p be the price of each stock. So total money spent = x*p to buy x shares initially.
New price is p + 0.25
So value now is x*(p+0.25)
Increase = 12.5 = x*(p+0.25) - x*p = x*0.25

which gives, x = 12.5/0.25 = 50

Option B
_________________
If you found this relevant and useful, please Smash that Kudos button!
VP
VP
User avatar
D
Joined: 09 Mar 2016
Posts: 1284
An investor purchased x shares of stock at a certain price.  [#permalink]

Show Tags

New post 24 Nov 2018, 09:24
\(N\) = total number of shares

\(X\) = price per share

\(n(x+0.25)-(xn) = 12.50\)

\(nx+0.25n-xn=12.50\)

\(0.25n=12.50\)

\(n = 50\)
VP
VP
avatar
G
Joined: 09 Mar 2018
Posts: 1004
Location: India
Re: An investor purchased x shares of stock at a certain price.  [#permalink]

Show Tags

New post 09 Feb 2019, 21:02
HKD1710 wrote:
An investor purchased x shares of stock at a certain price. If the stock then increased in price $0.25 per share and the total increase for the x shares was $12.50. how many shares of stock had been purchased?

(A) 25
(B) 50
(C) 75
(D) 100
(E) 125



Initial price = xy
New price = (x+ 0.25 ) * y

difference will be the increased price = 0.25 y = 12.50
y =50

B
_________________
If you notice any discrepancy in my reasoning, please let me know. Lets improve together.

Quote which i can relate to.
Many of life's failures happen with people who do not realize how close they were to success when they gave up.
Manager
Manager
User avatar
B
Joined: 26 Dec 2011
Posts: 115
Schools: HBS '18, IIMA
An investor purchased x shares of stock at a certain price.  [#permalink]

Show Tags

New post 28 Mar 2019, 22:07
HKD1710 wrote:
An investor purchased x shares of stock at a certain price. If the stock then increased in price $0.25 per share and the total increase for the x shares was $12.50. how many shares of stock had been purchased?

(A) 25
(B) 50
(C) 75
(D) 100
(E) 125

Project PS Butler : Question #37


Subscribe to get Daily Email - Click Here | Subscribe via RSS - RSS




Total shares = Total increase in share price / per share increase price = 12.50/0.25 = 1250/25 = 50
_________________
Thanks,
Kudos Please
GMAT Club Bot
An investor purchased x shares of stock at a certain price.   [#permalink] 28 Mar 2019, 22:07
Display posts from previous: Sort by

An investor purchased x shares of stock at a certain price.

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

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

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

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®.