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Maths percentage problem

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Joined: 28 Mar 2018
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Maths percentage problem  [#permalink]

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New post 18 Sep 2018, 01:05
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The price of each share of stock K, when traded at a certain stock exchange, first goes up by p
percent and then falls down by p percent every alternate day. After one such up-down cycle, the
price of the stock fell by $2. If, after another such up-down cycle, the price per share of stock K
comes to $196.02, what was the original price per share of stock K?

(A) $300
(B) $270
(C) $250
(D) $200
(E) $150

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Re: Maths percentage problem  [#permalink]

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New post 18 Sep 2018, 01:18
mohsinkhan24 wrote:
The price of each share of stock K, when traded at a certain stock exchange, first goes up by p
percent and then falls down by p percent every alternate day. After one such up-down cycle, the
price of the stock fell by $2. If, after another such up-down cycle, the price per share of stock K
comes to $196.02, what was the original price per share of stock K?

(A) $300
(B) $270
(C) $250
(D) $200
(E) $150

Posted from my mobile device


Discussed here: https://gmatclub.com/forum/the-price-of ... 43594.html
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Re: Maths percentage problem   [#permalink] 18 Sep 2018, 01:18
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Maths percentage problem

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