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# ps2

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Senior Manager
Joined: 30 Aug 2003
Posts: 319

Kudos [?]: 29 [0], given: 0

Location: dallas , tx

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10 Dec 2003, 11:36
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The value of a share of stock P and the value of a share of stock Q each increased by 16%. If the value of a share of stock P increased by 16 cents and the value of a share of stock Q increased by \$1.68, what is the difference between the value of stock Q and the value of stock P before the increases

\$8.00

\$9.50

\$10.00

\$10.50

\$11.02
_________________

shubhangi

Kudos [?]: 29 [0], given: 0

Director
Joined: 28 Oct 2003
Posts: 501

Kudos [?]: 34 [0], given: 0

Location: 55405

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10 Dec 2003, 12:55
p*1.16=p+.16
1.16=1+(.16/p)
.16p=.16
p=1

q*1.16=q+1.68
1.16=1+(1.68/q)
.16=1.68/q
.16q=1.68
q=10.50

Find p and q, take difference.

9.50

Kudos [?]: 34 [0], given: 0

CEO
Joined: 15 Aug 2003
Posts: 3454

Kudos [?]: 919 [0], given: 781

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13 Dec 2003, 01:30
shubhangi wrote:

The value of a share of stock P and the value of a share of stock Q each increased by 16%. If the value of a share of stock P increased by 16 cents and the value of a share of stock Q increased by \$1.68, what is the difference between the value of stock Q and the value of stock P before the increases?

\$8.00
\$9.50
\$10.00
\$10.50
\$11.02

0.16( P ) =0.16

0.16 (Q) =1.68

Q - P = 1.52/ 0.16 = 152/16 = 76/8 = 38/4 = 19/2 =9.5

Kudos [?]: 919 [0], given: 781

Re: ps2   [#permalink] 13 Dec 2003, 01:30
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