Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
May 0701:00 AM EDT
-02:00 AM EDT
Learn how Keshav, a Chartered Accountant, scored an impressive 705 on GMAT in just 30 days with GMATWhiz's expert guidance. In this video, he shares preparation tips and strategies that worked for him, including the mock, time management, and.....
May 0808:00 AM PDT
-08:30 AM PDT
Join the special YouTube live-stream for selecting the winners of GMAT Club MBA Scholarships sponsored by Juno live. Watch who gets these coveted MBA scholarships offered by GMAT Club and Juno.
May 0808:00 PM PDT
-09:00 PM PDT
Free- full-length test + 15 concept videos + 150+ short videos + study plan!
12 Apr 2026, 08:27
Kudos
Bookmarks
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
27% (03:59) correct
73%
(02:37)
wrong
based on 51
sessions
History
Date
Time
Result
Not Attempted Yet
Annalise invested the same amount of money on each of three days to purchase shares for $3.00, $4.00, and $x per share, respectively. She then sold all the shares for $4.60 per share. If her profit was 15 percent of her total investment, what is the value of x?
A) 4.00
B) 4.50
C) 5.00
D) 5.50
E) 6.00
A) 4.00
B) 4.50
C) 5.00
D) 5.50
E) 6.00
12 Apr 2026, 21:15
Kudos
Bookmarks
Hi kevincan
Could you please post the explanation for this question? I don't understand how the answer is 6. It should be 5.
Revenue = 3n*4.6
Cost = 3*n + 4*n + x*n
Profit = 13.8*n - 7*n - x*n = 6.8*n - x*n
Profit % = 0.15 = (6.8*n - x*n)/(7*n + x*n)
Solving, x = 5.00
Could you please post the explanation for this question? I don't understand how the answer is 6. It should be 5.
Revenue = 3n*4.6
Cost = 3*n + 4*n + x*n
Profit = 13.8*n - 7*n - x*n = 6.8*n - x*n
Profit % = 0.15 = (6.8*n - x*n)/(7*n + x*n)
Solving, x = 5.00
kevincan
12 Apr 2026, 22:14
Kudos
Bookmarks
You made a mistake with the variables used.
The question says, equal AMOUNTS, not equal SHARES.
The amounts spent each day is like 3a,4b,xc where 3a=4b=xc.
The right equation is:
4.6(a+b+c) = 1.15(3a+4b+xc)
Also using:
3a=4b=xc
You will get x=6.
Hope it helps.
The question says, equal AMOUNTS, not equal SHARES.
The amounts spent each day is like 3a,4b,xc where 3a=4b=xc.
The right equation is:
4.6(a+b+c) = 1.15(3a+4b+xc)
Also using:
3a=4b=xc
You will get x=6.
Hope it helps.
agrasan
