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The graph shows the per share price of the stock of three companies at

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Sajjad1994
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The graph shows the per share price of the stock of three companies at [#permalink] New post   Updated on: 29 Jan 2024, 08:59
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Data Insights (DI) Butler 2023-24 [Question #178, Date: Jan-01-2024] [Click here for Details]


The graph shows the per share price of the stock of three companies at the end of each year between 2002 and 2011.



Based on the given information, fill in the blanks in each of the following statements.

1. Between the end of 2003 and the end of 2004, the stock of experienced the greatest percent appreciation.

2. At the end of 2005, the per share price of Tetrapod, Inc. was approximately times the sum of the per share prices of Quadruped Corp. and FourFeet, Ltd.

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Dropdown 1: Quadruped Corp. Dropdown 2: 0.43

Originally posted by Sajjad1994 on 01 Jan 2024, 09:45.
Last edited by chetan2u on 29 Jan 2024, 08:59, edited 1 time in total.
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Re: The graph shows the per share price of the stock of three companies at [#permalink] New post   12 Jan 2024, 16:19
please share the solutions and the official explanation
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Sajjad1994
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Re: The graph shows the per share price of the stock of three companies at [#permalink] New post   13 Jan 2024, 05:48
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Official Explanation

Between the end of 2003 and the end of 2007 the stock of Quadruped appreciated from $15.50 to $18.25. This is a 17.74% increase. The stock of Tetrapod went from $11.50 to $13.25, for a 15.22% increase. Finally, the stock of FourFeet went from $10.75 to$12.50, for a $10.75 to $12.50 increase. Thus, the correct answer is choice (A).

The correct answer is (A).

At the end of 2005, the per share price of Tetrapod was $13.00, while the per share prices of Quadruped and FourFeet were $19.50 and $11, respectively, summing up to $30.50. If $13 is x times $30.50, then:

\(13=x(30.50)\)

\(x=\frac{13}{30.50}\)

\(x=0.43\)

The correct answer is (B).
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Re: The graph shows the per share price of the stock of three companies at [#permalink] New post   17 Jan 2024, 09:56
Sajjad1994 wrote:
[textarea]Official Explanation

Between the end of 2003 and the end of 2007 the stock of Quadruped appreciated from $15.50 to $18.25. This is a 17.74% increase. The stock of Tetrapod went from $11.50 to $13.25, for a 15.22% increase. Finally, the stock of FourFeet went from $10.75 to$12.50, for a $10.75 to $12.50 increase. Thus, the correct answer is choice (A).

The correct answer is (A).





For

I have assumed the stock of Fourfeet went from $10.5 to $12.5 which is a 19% increase which is greater than the percent increase of the stock of Quadruped.

Consequently, I have marked Fourfeet for the first drop-down question.

Now, my question is how can I assume numbers so accurately in the limited time of 2:17 min per DI question?

TIA
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Re: The graph shows the per share price of the stock of three companies at [#permalink] New post   17 Jan 2024, 21:59
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VishalDamarla wrote:
Sajjad1994 wrote:
[textarea]Official Explanation

Between the end of 2003 and the end of 2007 the stock of Quadruped appreciated from $15.50 to $18.25. This is a 17.74% increase. The stock of Tetrapod went from $11.50 to $13.25, for a 15.22% increase. Finally, the stock of FourFeet went from $10.75 to$12.50, for a $10.75 to $12.50 increase. Thus, the correct answer is choice (A).

The correct answer is (A).





For

I have assumed the stock of Fourfeet went from $10.5 to $12.5 which is a 19% increase which is greater than the percent increase of the stock of Quadruped.

Consequently, I have marked Fourfeet for the first drop-down question.

Now, my question is how can I assume numbers so accurately in the limited time of 2:17 min per DI question?

TIA



Hi,

You are correct with your observation.

I too would take the Fourfeet to be close to $2, as the 2003 mark is almost the same distance below 11$ as 2007 mark is above 12$. Thus, 10.50 to 12.50 is a reasonable inference.

I will try to improve the question for it to be more clear to be answered or archive it.
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Re: The graph shows the per share price of the stock of three companies at [#permalink] New post   11 Apr 2024, 00:02
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­1. Between the end of 2003 and the end of 2004, the stock of [Quadruped Corp.] experienced the greatest percent appreciation.

From end of 2003 to end of 2004
Q: from 16 to 18 => increased 1.125 times
T: from 12 to 13 => increae 1.08 times
F: increased very little
=> Q 


2. At the end of 2005, the per share price of Tetrapod, Inc. was approximately [0.43] times the sum of the per share prices of Quadruped Corp. and FourFeet, Ltd.

At the end of 2005
T: 13
Q + F: 19 + 12 = 31

\(\frac{13}{31} = 0.42\)
 
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Re: The graph shows the per share price of the stock of three companies at [#permalink]
11 Apr 2024, 00:02
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