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# Bobby bought two shares of stock, which he sold for 96\$

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SVP
Joined: 04 May 2006
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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!
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SVP
Joined: 29 Aug 2007
Posts: 2471

Kudos [?]: 856 [0], given: 19

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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\$
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Kudos [?]: 856 [0], given: 19

Senior Manager
Joined: 29 Jan 2007
Posts: 439

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Location: Earth

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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,

http://gmatclub.com/forum/7-t62406
There profit was off Selling price here its off Purchase price.

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Re: Bobby bought two shares of stock, which he sold for 96\$ [#permalink]

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03 Sep 2015, 11:02
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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
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# Bobby bought two shares of stock, which he sold for 96\$

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