Last visit was: 21 Jul 2024, 12:19 It is currently 21 Jul 2024, 12:19
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
SORT BY:
Date
Tags:
Difficulty: 505-555 Level,   Fractions and Ratios,                           
Show Tags
Hide Tags
Manager
Manager
Joined: 09 Jan 2016
Status:Persevere
Posts: 107
Own Kudos [?]: 3716 [63]
Given Kudos: 94
Location: Hong Kong
GMAT 1: 750 Q50 V41
GPA: 3.52
Send PM
Most Helpful Reply
User avatar
Manager
Manager
Joined: 18 Jan 2010
Posts: 209
Own Kudos [?]: 1014 [24]
Given Kudos: 9
Send PM
General Discussion
User avatar
Intern
Intern
Joined: 18 Sep 2016
Posts: 37
Own Kudos [?]: 39 [2]
Given Kudos: 97
Send PM
avatar
Intern
Intern
Joined: 04 Jun 2017
Posts: 2
Own Kudos [?]: 2 [0]
Given Kudos: 19
Send PM
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?
VP
VP
Joined: 18 Dec 2017
Posts: 1161
Own Kudos [?]: 1047 [1]
Given Kudos: 421
Location: United States (KS)
GMAT 1: 600 Q46 V27
Send PM
Re: The price of a certain stock increased by 0.25 of 1 percent on a...... [#permalink]
1
Kudos
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
GMAT Club Legend
GMAT Club Legend
Joined: 03 Jun 2019
Posts: 5318
Own Kudos [?]: 4240 [1]
Given Kudos: 161
Location: India
GMAT 1: 690 Q50 V34
WE:Engineering (Transportation)
Send PM
Re: The price of a certain stock increased by 0.25 of 1 percent on a...... [#permalink]
1
Kudos
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

Posted from my mobile device
User avatar
Non-Human User
Joined: 09 Sep 2013
Posts: 34037
Own Kudos [?]: 853 [0]
Given Kudos: 0
Send PM
Re: The price of a certain stock increased by 0.25 of 1 percent on a...... [#permalink]
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
GMAT Club Bot
Re: The price of a certain stock increased by 0.25 of 1 percent on a...... [#permalink]
Moderator:
Math Expert
94440 posts