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# PS-Stock GMATPrep

Author Message
Director
Joined: 27 Jun 2005
Posts: 502

Kudos [?]: 160 [0], given: 0

Location: MS

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19 Feb 2006, 19:56
00:00

Difficulty:

(N/A)

Question Stats:

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

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Kudos [?]: 160 [0], given: 0

Manager
Joined: 01 Feb 2006
Posts: 100

Kudos [?]: [0], given: 0

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19 Feb 2006, 21:58
(96x2) - ((96/1.2)+(96/.8)) = -8
therefore a loss \$8

Kudos [?]: [0], given: 0

GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5039

Kudos [?]: 424 [0], given: 0

Location: Singapore

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19 Feb 2006, 22:34
Share A - \$x
Share B - \$y

Sold share A at 20% profit = 1.2x = 96 ---> x = 80
Sold share B at 20% loss = 0.8y = 96 ---> y = 120

Total sale = 96*2 = 192
Original cost = 200

So he made a loss of \$8

Kudos [?]: 424 [0], given: 0

Director
Joined: 27 Jun 2005
Posts: 502

Kudos [?]: 160 [0], given: 0

Location: MS

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19 Feb 2006, 23:51
yup ...OA is A LOSS OF \$8..... I didn't read the question right during the test ......it was an easy one

Kudos [?]: 160 [0], given: 0

19 Feb 2006, 23:51
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