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# Bobby bought two shares of stock, which he sold for 96$ post reply Question banks Downloads My Bookmarks Reviews Important topics Author Message SVP Joined: 04 May 2006 Posts: 1897 Schools: CBS, Kellogg Followers: 23 Kudos [?]: 1122 [0], given: 1 Bobby bought two shares of stock, which he sold for 96$ [#permalink]

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10 Apr 2008, 22:15
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

Bobby bought two shares of stock, which he sold for 96$each. If he had a profit of 20 percent on the sale of one of the shares but a loss of 20 percent on the sale of the other share, then on the sale of both shares combined Bobby had A. a profit of 10$
B. a profit of 8$C. a loss of 8$
D. a loss of 10$E. neither a profit nor a loss Friends, I think I lost somewhere in. Pls give me a hand! Thanks! _________________ SVP Joined: 29 Aug 2007 Posts: 2476 Followers: 70 Kudos [?]: 774 [0], given: 19 Re: Loss or profit [#permalink] ### Show Tags 10 Apr 2008, 22:33 sondenso wrote: Bobby bought two shares of stock, which he sold for 96$ each. If he had a profit of 20 percent on the sale of one of the shares but a loss of 20 percent on the sale of the other share, then on the sale of both shares combined Bobby had
A. a profit of 10$B. a profit of 8$
C. a loss of 8$D. a loss of 10$
E. neither a profit nor a loss

Friends, I think I lost somewhere in. Pls give me a hand! Thanks!

profit (or loss) = (2x96) - (96/1.2 + 96/0.8) = 192 - (80 + 120) = -8.00

C. a loss of 8$_________________ Verbal: http://gmatclub.com/forum/new-to-the-verbal-forum-please-read-this-first-77546.html Math: http://gmatclub.com/forum/new-to-the-math-forum-please-read-this-first-77764.html Gmat: http://gmatclub.com/forum/everything-you-need-to-prepare-for-the-gmat-revised-77983.html GT Senior Manager Joined: 29 Jan 2007 Posts: 442 Location: Earth Followers: 2 Kudos [?]: 63 [0], given: 0 Re: Loss or profit [#permalink] ### Show Tags 11 Apr 2008, 00:35 1 This post was BOOKMARKED GMAT TIGER wrote: sondenso wrote: Bobby bought two shares of stock, which he sold for 96$ each. If he had a profit of 20 percent on the sale of one of the shares but a loss of 20 percent on the sale of the other share, then on the sale of both shares combined Bobby had
A. a profit of 10$B. a profit of 8$
C. a loss of 8$D. a loss of 10$
E. neither a profit nor a loss

Friends, I think I lost somewhere in. Pls give me a hand! Thanks!

profit (or loss) = (2x96) - (96/1.2 + 96/0.8) = 192 - (80 + 120) = -8.00

C. a loss of 8$GMATTIGER, Look at my comment on this thread for your post http://gmatclub.com/forum/7-t62406 There profit was off Selling price here its off Purchase price. GMAT Club Legend Joined: 09 Sep 2013 Posts: 15509 Followers: 651 Kudos [?]: 210 [0], given: 0 Re: Bobby bought two shares of stock, which he sold for 96$ [#permalink]

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03 Sep 2015, 11:02
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: Bobby bought two shares of stock, which he sold for 96$[#permalink] 03 Sep 2015, 11:02 Display posts from previous: Sort by # Bobby bought two shares of stock, which he sold for 96$

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