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# The price of a certain stock increased by 0.25 of 1 percent on a......

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Re: The price of a certain stock increased by 0.25 of 1 percent on a...... [#permalink]
I am not a native English speaker, and is a bit confused towards the meaning "of."
In terms of 1/5, you say one of five, right? Is there any way to distinguish?
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Re: The price of a certain stock increased by 0.25 of 1 percent on a...... [#permalink]
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The price of a certain stock increased by 0.25 of 1 percent on a certain day.
0.25 is written as 1/4 and 1% is written as 1/100.
$$(1/4)*(1/100)=1/400$$
Hence B
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Re: The price of a certain stock increased by 0.25 of 1 percent on a...... [#permalink]
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nalinnair wrote:
The price of a certain stock increased by 0.25 of 1 percent on a certain day. By what fraction did the price of the stock increase that day?

(A) 1/2500
(B) 1/400
(C) 1/40
(D) 1/25
(E) 1/4

Given: The price of a certain stock increased by 0.25 of 1 percent on a certain day.

Asked: By what fraction did the price of the stock increase that day?

.25 of 1% = 1/4*1/100= 1/400

IMO B

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Re: The price of a certain stock increased by 0.25 of 1 percent on a...... [#permalink]
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Re: The price of a certain stock increased by 0.25 of 1 percent on a...... [#permalink]
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