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10 Apr 2019, 23:36
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Difficulty:

5% (low)

Question Stats:

93% (01:31) correct 7% (03:14) wrong based on 27 sessions

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The value of a share of stock was $30 on Sunday. The profile of the value in the following week was as follows: The value appreciated by$1.2 on Monday. It appreciated by $3.1 on Tuesday. It depreciated by$4 on Wednesday. It appreciated by $2 on Thursday and it depreciated by$0.2 on Friday. On Friday, the stock market closed for the weekend. By what percentage did the value of the share increase in the five days?

(A) 3.2%
(B) 4%
(C) 5.6%
(D) 7%
(E) 10%

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11 Apr 2019, 01:55
Bunuel wrote:
The value of a share of stock was $30 on Sunday. The profile of the value in the following week was as follows: The value appreciated by$1.2 on Monday. It appreciated by $3.1 on Tuesday. It depreciated by$4 on Wednesday. It appreciated by $2 on Thursday and it depreciated by$0.2 on Friday. On Friday, the stock market closed for the weekend. By what percentage did the value of the share increase in the five days?

(A) 3.2%
(B) 4%
(C) 5.6%
(D) 7%
(E) 10%

total price change ; 30+1.2+3.1-4+2-0.2 = 32.1
so % change = 32.1-30/30 = 7%
IMO D
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Re: The value of a share of stock was $30 on Sunday. The profile of the va [#permalink] Show Tags 14 Apr 2019, 18:50 Bunuel wrote: The value of a share of stock was$30 on Sunday. The profile of the value in the following week was as follows: The value appreciated by $1.2 on Monday. It appreciated by$3.1 on Tuesday. It depreciated by $4 on Wednesday. It appreciated by$2 on Thursday and it depreciated by $0.2 on Friday. On Friday, the stock market closed for the weekend. By what percentage did the value of the share increase in the five days? (A) 3.2% (B) 4% (C) 5.6% (D) 7% (E) 10% The value of the stock after 5 days is: 30 + 1.2 + 3.1 - 4 + 2 - 0.2 30 + 6.3 - 4.2 = 36.3 - 4.2 = 32.1 We use the percent change formula: Percent Change = (New - Old)/Old x 100. Thus, the stock increased by: (32.1 - 30)/30 = 2.1/30 = 21/300 x 100 = 21/3 = 7 percent Answer: D _________________ Scott Woodbury-Stewart Founder and CEO Scott@TargetTestPrep.com 122 Reviews 5-star rated online GMAT quant self study course See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews If you find one of my posts helpful, please take a moment to click on the "Kudos" button. Re: The value of a share of stock was$30 on Sunday. The profile of the va   [#permalink] 14 Apr 2019, 18:50
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