GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 13 Nov 2018, 23:37

Close

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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in November
PrevNext
SuMoTuWeThFrSa
28293031123
45678910
11121314151617
18192021222324
2526272829301
Open Detailed Calendar
  • Essential GMAT Time-Management Hacks

     November 14, 2018

     November 14, 2018

     07:00 PM PST

     08:00 PM PST

    Join the webinar and learn time-management tactics that will guarantee you answer all questions, in all sections, on time. Save your spot today! Nov. 14th at 7 PM PST
  • $450 Tuition Credit & Official CAT Packs FREE

     November 15, 2018

     November 15, 2018

     10:00 PM MST

     11:00 PM MST

    EMPOWERgmat is giving away the complete Official GMAT Exam Pack collection worth $100 with the 3 Month Pack ($299)

Last Year the price per share of Company A's stock on March 31 was 25

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Intern
Intern
avatar
B
Joined: 05 Jan 2015
Posts: 49
Location: United States
WE: Consulting (Consulting)
GMAT ToolKit User Premium Member
Last Year the price per share of Company A's stock on March 31 was 25  [#permalink]

Show Tags

New post Updated on: 02 Dec 2016, 00:24
7
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

76% (01:52) correct 24% (02:09) wrong based on 255 sessions

HideShow timer Statistics

Last Year the price per share of Company A's stock on March 31 was 25 percent higher than its price per share on March 1. By April 30 the stock's price per share was 20 percent lower than the price per share on March 1. What was the percent decrease in price per share of the stock from March 31 to April 30?

A. 5%
B. 25%
C. 36%
D. 45%
E. 56%

I am getting a wrong answer every time I try.

Originally posted by riteshpatnaik on 02 Dec 2016, 00:19.
Last edited by Bunuel on 02 Dec 2016, 00:24, edited 1 time in total.
Renamed the topic.
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 50578
Re: Last Year the price per share of Company A's stock on March 31 was 25  [#permalink]

Show Tags

New post 02 Dec 2016, 00:30
1
riteshpatnaik wrote:
Last Year the price per share of Company A's stock on March 31 was 25 percent higher than its price per share on March 1. By April 30 the stock's price per share was 20 percent lower than the price per share on March 1. What was the percent decrease in price per share of the stock from March 31 to April 30?

A. 5%
B. 25%
C. 36%
D. 45%
E. 56%

I am getting a wrong answer every time I try.


March 1 = 100;
March 31 = 125 (25 percent higher than its price per share on March 1);
April 30 = 80 (20 percent lower than the price per share on March 1).

What was the percent decrease in price per share of the stock from March 31 to April 30 --> (125 - 80)/125 = 45/125 = 36/100.

Answer: C.
_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Target Test Prep Representative
User avatar
P
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 4171
Location: United States (CA)
Re: Last Year the price per share of Company A's stock on March 31 was 25  [#permalink]

Show Tags

New post 08 Dec 2017, 10:33
riteshpatnaik wrote:
Last Year the price per share of Company A's stock on March 31 was 25 percent higher than its price per share on March 1. By April 30 the stock's price per share was 20 percent lower than the price per share on March 1. What was the percent decrease in price per share of the stock from March 31 to April 30?

A. 5%
B. 25%
C. 36%
D. 45%
E. 56%


We are given that last year the price per share of Company A's stock on March 31 was 25 percent higher than its price per share on March 1, and that by April 30 the stock's price per share was 20 percent lower than the price per share on March 1.

If we let p = the price per share of Company A’s stock on March 1, we can create the following equations:

price on March 31st = 1.25p
price on April 30th = 0.8p

We need to determine the percent decrease in price per share of the stock from March 31st to April 30th. We can use the percent change equation:

Percent change = (new - old)/old x 100

Percent decrease = [(0.8p - 1.25p)/(1.25p)] x 100

Percent decrease = [(80p - 125p)/(125p)] x 100

Percent decrease = [(-45p)/(125p)] x 100

Percent decrease = (-9/25) x 100 = -9 x 4 = -36

Thus, there was a 36 percent decrease in price per share.

Answer: C
_________________

Scott Woodbury-Stewart
Founder and CEO

GMAT Quant Self-Study Course
500+ lessons 3000+ practice problems 800+ HD solutions

GMAT Club Bot
Re: Last Year the price per share of Company A's stock on March 31 was 25 &nbs [#permalink] 08 Dec 2017, 10:33
Display posts from previous: Sort by

Last Year the price per share of Company A's stock on March 31 was 25

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.