Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Dec 1310:00 AM EST
-12:00 PM EST
Have you ever wondered how to score a PERFECT 805 on the GMAT? Meet Julia, a banking professional who used the Target Test Prep course to achieve this incredible feat. Julia's story is nothing short of an inspiration.
Dec 1410:00 AM EST
-12:00 PM EST
Think a 100% GMAT Verbal score is out of your reach? Target Test Prep will make you think again! Our course uses techniques such as topical study and spaced repetition to maximize knowledge retention and make studying simple and fun.
Dec 1411:00 AM IST
-01:00 PM IST
Attend this session to learn how to Deconstruct arguments, Pre-Think Author’s Assumptions, and apply Negation Test.- Dec 15
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Dec 1608:00 AM PST
-11:59 PM PST
GMAT Club 12 Days of Christmas is a 4th Annual GMAT Club Winter Competition based on solving questions. This is the Winter GMAT competition on GMAT Club with an amazing opportunity to win over $40,000 worth of prizes!
23 Jul 2015, 03:16
Kudos
Bookmarks
D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
82% (02:11) correct
19%
(02:16)
wrong
based on 200
sessions
History
Date
Time
Result
Not Attempted Yet
Certain stocks in January were 10% less than they were in February and 20% greater than they were in March. What was the percentage decrease in the stocks from February to March?
A. 5%
B. 10%
C. 20%
D. 25%
E. 50%
Kudos for a correct solution.
A. 5%
B. 10%
C. 20%
D. 25%
E. 50%
Kudos for a correct solution.
ENGRTOMBA2018
Joined: 20 Mar 2014
Last visit: 01 Dec 2021
Posts: 2,341
Given Kudos: 816
Concentration: Finance, Strategy
Schools: Kellogg '18 (M)
GMAT 1: 750 Q49 V44
GPA: 3.7
WE:Engineering (Aerospace and Defense)
Products:
23 Jul 2015, 03:54
Kudos
Bookmarks
Bunuel
Certain stocks in January were 10% less than they were in February and 20% greater than they were in March. What was the percentage decrease in the stocks from February to March?
A. 5%
B. 10%
C. 20%
D. 25%
E. 50%
Kudos for a correct solution.
A. 5%
B. 10%
C. 20%
D. 25%
E. 50%
Kudos for a correct solution.
Let J,F,M be the values of the stock in Jan,Feb and March.
Thus, per the question, J = 0.9F = 1.2M ----> M =0.75F
Thus the % decrease from F to M = (F-M)/(F) *100 = (F-0.75F)/F * 100 = 0.25*100 = 25 %, D is the correct answer.
King407
Joined: 03 Sep 2014
Last visit: 25 Jul 2020
Posts: 68
Given Kudos: 89
Concentration: Marketing, Healthcare
Schools: IIMA IIMC ISB '17 IIM-L '15 INSEAD Jan '17 NUS '18 Kellogg 1YR '17 Booth '16 Tepper '18 McCombs '18 IIMB
Schools: IIMA IIMC ISB '17 IIM-L '15 INSEAD Jan '17 NUS '18 Kellogg 1YR '17 Booth '16 Tepper '18 McCombs '18 IIMB
Posts: 68
23 Jul 2015, 06:19
Kudos
Bookmarks
Bunuel
Certain stocks in January were 10% less than they were in February and 20% greater than they were in March. What was the percentage decrease in the stocks from February to March?
A. 5%
B. 10%
C. 20%
D. 25%
E. 50%
Kudos for a correct solution.
A. 5%
B. 10%
C. 20%
D. 25%
E. 50%
Kudos for a correct solution.
Let stocks value in Feb = 100 => In Jan = 90 and March = 90 * 100/120 = 75
Thus, percent decrease in stocks from Feb to March = 100 - 75 = 25%
Hence Answer is D
