GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 21 Jan 2019, 15:09

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
Events & Promotions in January
PrevNext
SuMoTuWeThFrSa
303112345
6789101112
13141516171819
20212223242526
272829303112
Open Detailed Calendar
  • GMAT Club Tests are Free & Open for Martin Luther King Jr.'s Birthday!

     January 21, 2019

     January 21, 2019

     10:00 PM PST

     11:00 PM PST

    Mark your calendars - All GMAT Club Tests are free and open January 21st for celebrate Martin Luther King Jr.'s Birthday.
  • The winners of the GMAT game show

     January 22, 2019

     January 22, 2019

     10:00 PM PST

     11:00 PM PST

    In case you didn’t notice, we recently held the 1st ever GMAT game show and it was awesome! See who won a full GMAT course, and register to the next one.

The price of the stock of the ACME corporation decreased by 20 percent

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
Director
Director
User avatar
B
Status: No dream is too large, no dreamer is too small
Joined: 14 Jul 2010
Posts: 516
CAT Tests
The price of the stock of the ACME corporation decreased by 20 percent  [#permalink]

Show Tags

New post 01 Nov 2018, 07:18
Top Contributor
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

85% (01:18) correct 15% (01:03) wrong based on 26 sessions

HideShow timer Statistics

The price of the stock of the ACME corporation decreased by 20 percent on Day 1 and by 20 percent again on Day 2. If the price of the stock at the end of Day 2 was $32, what was the price of the stock at the beginning of Day 1?
A. $64
B. $53
C. $50
D. $48
E. $40

_________________

Collections:-
PSof OG solved by GC members: http://gmatclub.com/forum/collection-ps-with-solution-from-gmatclub-110005.html
DS of OG solved by GC members: http://gmatclub.com/forum/collection-ds-with-solution-from-gmatclub-110004.html
100 GMAT PREP Quantitative collection http://gmatclub.com/forum/gmat-prep-problem-collections-114358.html
Collections of work/rate problems with solutions http://gmatclub.com/forum/collections-of-work-rate-problem-with-solutions-118919.html
Mixture problems in a file with best solutions: http://gmatclub.com/forum/mixture-problems-with-best-and-easy-solutions-all-together-124644.html

Manager
Manager
User avatar
B
Joined: 17 Mar 2018
Posts: 66
Re: The price of the stock of the ACME corporation decreased by 20 percent  [#permalink]

Show Tags

New post 01 Nov 2018, 07:26
1
at the end of Day1, price of stock is .80x
at the end of day 2, price of stock is .80 of price of stock at end of day 1, ie, .80x
.80*.80x=$32
.64x=32
x= 32/.64= $50
Ans= C
GMAT Club Bot
Re: The price of the stock of the ACME corporation decreased by 20 percent &nbs [#permalink] 01 Nov 2018, 07:26
Display posts from previous: Sort by

The price of the stock of the ACME corporation decreased by 20 percent

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.