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

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

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New post 27 May 2016, 02:12
2
13
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

75% (01:01) correct 25% (01:16) wrong based on 365 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
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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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New post 27 May 2016, 02:21
3
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 = \(\frac{1}{400}\)

Option B is the answer.
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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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New post 28 Sep 2016, 02:18
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 \(0.25*\frac{1}{100}\) = \(\frac{0.25}{100}\) = \(\frac{25}{(100*100)}\) = \(\frac{1}{400}\)

answer 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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New post 16 Dec 2017, 00:47
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...... &nbs [#permalink] 16 Dec 2017, 00:47
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