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Updated on: 30 Jan 2013, 04:57
Originally posted by Puilunchristin on 17 Jan 2006, 18:52.
Last edited by Bunuel on 30 Jan 2013, 04:57, edited 1 time in total.
Last edited by Bunuel on 30 Jan 2013, 04:57, edited 1 time in total.
Edited the question and added OA.
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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78% (01:08) correct
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From May 1, 1960, to May 1, 1975, the closing price of a share of stock X doubled. What was the closing price of a share of stock X on May 1, 1960?
(1) From May 1, 1975 to May 1, 1984, the closing price of a share of stock X doubled.
(2) From May 1, 1975 to May 1, 1984, the closing price of a share of stock X increased by $4.50
(1) From May 1, 1975 to May 1, 1984, the closing price of a share of stock X doubled.
(2) From May 1, 1975 to May 1, 1984, the closing price of a share of stock X increased by $4.50
17 Jan 2006, 19:00
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C.
Let closing price in 1960 be x.
I..Insuff. All we know is that price in 60,75,84 is x,2x,4x.
II. Insuff. All we know is that price in 84 is 2x + 4.50.
I + II, gives 4x = 2x + 4.50...SUFF.
Let closing price in 1960 be x.
I..Insuff. All we know is that price in 60,75,84 is x,2x,4x.
II. Insuff. All we know is that price in 84 is 2x + 4.50.
I + II, gives 4x = 2x + 4.50...SUFF.
