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# At the opening of a trading day at a certain stock exchange, the price

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Current Student
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Joined: 09 Jan 2016
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At the opening of a trading day at a certain stock exchange, the price [#permalink]

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25 May 2016, 01:56
00:00

Difficulty:

5% (low)

Question Stats:

92% (00:29) correct 8% (00:41) wrong based on 244 sessions

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At the opening of a trading day at a certain stock exchange, the price per share of stock K was $8. If the price per share of stock K was$9 at the closing of the day, what was the percent increase in the price per share of stock K for that day?

(A) 1.4%
(B) 5.9%
(C) 11.1%
(D) 12.5%
(E) 23.6%
Math Expert
Joined: 02 Aug 2009
Posts: 5898
Re: At the opening of a trading day at a certain stock exchange, the price [#permalink]

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25 May 2016, 07:22
nalinnair wrote:
At the opening of a trading day at a certain stock exchange, the price per share of stock K was $8. If the price per share of stock K was$9 at the closing of the day, what was the percent increase in the price per share of stock K for that day?

(A) 1.4%
(B) 5.9%
(C) 11.1%
(D) 12.5%
(E) 23.6%

Easy one.... BUT important that we choose the BASE of % correctly...
increase of 1 on 8, so$$\frac{1}{8} * 100 = 12.5%$$
D
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Re: At the opening of a trading day at a certain stock exchange, the price [#permalink]

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25 May 2016, 07:49
1
nalinnair wrote:
At the opening of a trading day at a certain stock exchange, the price per share of stock K was $8. If the price per share of stock K was$9 at the closing of the day, what was the percent increase in the price per share of stock K for that day?

(A) 1.4%
(B) 5.9%
(C) 11.1%
(D) 12.5%
(E) 23.6%

Opening = 8
Closing = 9

Rise in prise = 1

So, percent increase = $$\frac{1}{8}*100$$ =>12.50%

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Re: At the opening of a trading day at a certain stock exchange, the price [#permalink]

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25 May 2016, 08:38
1
nalinnair wrote:
At the opening of a trading day at a certain stock exchange, the price per share of stock K was $8. If the price per share of stock K was$9 at the closing of the day, what was the percent increase in the price per share of stock K for that day?

(A) 1.4%
(B) 5.9%
(C) 11.1%
(D) 12.5%
(E) 23.6%

Increase in price = 9-8= $1 Original price=$8

% increase= 1/8*100= 12.5%
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Re: At the opening of a trading day at a certain stock exchange, the price [#permalink]

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07 Jul 2016, 13:06
this is a <600 level question
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Joined: 09 Sep 2013
Posts: 7008
Re: At the opening of a trading day at a certain stock exchange, the price [#permalink]

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10 Jun 2018, 08:41
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: At the opening of a trading day at a certain stock exchange, the price   [#permalink] 10 Jun 2018, 08:41
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