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

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Current Student
Status: Persevere
Joined: 09 Jan 2016
Posts: 118
Location: Hong Kong
GMAT 1: 750 Q50 V41
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The price of a certain stock increased by 0.25 of 1 percent on a......  [#permalink]

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27 May 2016, 03:12
2
16
00:00

Difficulty:

5% (low)

Question Stats:

75% (01:02) correct 25% (01:13) wrong based on 577 sessions

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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
Senior Manager
Joined: 18 Jan 2010
Posts: 251
Re: The price of a certain stock increased by 0.25 of 1 percent on a......  [#permalink]

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27 May 2016, 03:21
5
0.25 of 1 percent

0.25 is $$\frac{1}{4}$$. 1 percent is $$\frac{1}{100}$$

Of means multiplication.

0.25 of 1 percent = $$\frac{1}{400}$$

##### General Discussion
Intern
Joined: 18 Sep 2016
Posts: 49
Re: The price of a certain stock increased by 0.25 of 1 percent on a......  [#permalink]

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28 Sep 2016, 03:18
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

0.25 of 1% is equal to say $$0.25*\frac{1}{100}$$ = $$\frac{0.25}{100}$$ = $$\frac{25}{(100*100)}$$ = $$\frac{1}{400}$$

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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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16 Dec 2017, 01:47
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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28 Dec 2018, 13:26
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Re: The price of a certain stock increased by 0.25 of 1 percent on a......   [#permalink] 28 Dec 2018, 13:26
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