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# Maths percentage problem

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Intern
Joined: 28 Mar 2018
Posts: 1

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18 Sep 2018, 01:05
00:00

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Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

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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

Posted from my mobile device
Math Expert
Joined: 02 Sep 2009
Posts: 58465

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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
_________________
Re: Maths percentage problem   [#permalink] 18 Sep 2018, 01:18
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