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Re: At the opening of a trading day, stock X had a value of $40.00 per sha [#permalink]
level question please?
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Re: At the opening of a trading day, stock X had a value of $40.00 per sha [#permalink]
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Tiburcio1987 wrote:
level question please?


You can check the difficulty level of a questions in the tags above the original post. For this one, the difficulty level is 600-700.
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Re: At the opening of a trading day, stock X had a value of $40.00 per sha [#permalink]
Percentage increase in Share X = (41-40)*100/40 =1/40*100=2.5%
Percentage increase in Share Y = (28.5-25)*100/25 = 3.5*4%=14%

Difference
14%-2.5% = 11.5%

Answer D
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Re: At the opening of a trading day, stock X had a value of $40.00 per sha [#permalink]
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eht wrote:
At the opening of a trading day, stock X had a value of $40.00 per share and stock Y had a value of $25 per share. At the closing of the day, stock X had a value of $41.00 per share and stock Y had a value of $28.50 per share. For the trading day, the percent increase in the value of stock Y was how many percentage points great than the percent increase of the value of stock X?


A) 2.5
B) 6.25
C) 10
D) 11.5
E) 12.5

* Also Can anyone show a trick for calculating 3.5/ 25? Should you change the 3.5 to a whole number?


Solution


    • Increase in the stoke X’s value \(= 41 – 40 = $1\)
      o So, percent increase in stoke X’s value = \(\frac{1}{40}*100 = 2.5\)%
    • Increase in the stoke Y’s value \(= 28.50 – 25 = $3.5\)
      o So, percent increase in stoke Y’s value = \(\frac{3.5}{25}*100 = \frac{350}{25} =14\)%
    • Therefore, the difference between percent increase in stoke Y’s and stoke X’s value \(= 14 – 2.5 =11.5\) percent points.
Thus, the correct answer is Option D.
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Re: At the opening of a trading day, stock X had a value of $40.00 per sha [#permalink]
Expert Reply
Percent change : \(\frac{After - Before }{ Before}\) * 100

Percent increase for X: \(\frac{41 - 40}{40}\) * 100 = 2.5

Percent increase for Y : \(\frac{28.50 - 25}{25}\) * 100 = 14

Y was how many percentage points great than the percent increase in the value of stock X: Y - X

=> 14.5 - 2.5 = 11.5

Answer D
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Re: At the opening of a trading day, stock X had a value of $40.00 per sha [#permalink]
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