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# During the first month after Johanna purchased stock in Amalgamedia In

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Math Expert
Joined: 02 Sep 2009
Posts: 58445
During the first month after Johanna purchased stock in Amalgamedia In  [#permalink]

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18 Feb 2019, 04:18
1
00:00

Difficulty:

15% (low)

Question Stats:

88% (00:58) correct 12% (01:05) wrong based on 26 sessions

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During the first month after Johanna purchased stock in Amalgamedia Inc., the value of her shares fell by 20 percent. During the following month, however, Amalgamedia’s stock price rose by 40 percent. By what percent did Johanna’s shares of Amalgamedia change over those two months?

A. 4%
B. 12%
C. 20%
D. 50%
E. 68%

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Joined: 18 Aug 2017
Posts: 5020
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
Re: During the first month after Johanna purchased stock in Amalgamedia In  [#permalink]

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18 Feb 2019, 04:20
Bunuel wrote:
During the first month after Johanna purchased stock in Amalgamedia Inc., the value of her shares fell by 20 percent. During the following month, however, Amalgamedia’s stock price rose by 40 percent. By what percent did Johanna’s shares of Amalgamedia change over those two months?

A. 4%
B. 12%
C. 20%
D. 50%
E. 68%

let price of stock 100\$
so 1st month 20% low = 80 \$
then 40% increase = 80 * 1.4 = 112 \$
so increase by 12 %
IMO B
Re: During the first month after Johanna purchased stock in Amalgamedia In   [#permalink] 18 Feb 2019, 04:20
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