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# The value of Maureen's investment portfolio has decreased by 5.8 perce

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Math Expert
Joined: 02 Sep 2009
Posts: 47983
The value of Maureen's investment portfolio has decreased by 5.8 perce  [#permalink]

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30 Jul 2018, 01:11
00:00

Difficulty:

25% (medium)

Question Stats:

73% (01:24) correct 27% (01:42) wrong based on 49 sessions

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The value of Maureen's investment portfolio has decreased by 5.8 percent since her initial investment in the portfolio. If her initial investment was $16,800, what is the current value of the portfolio? A.$7,056.00
B. $14,280.00 C.$15,825.60
D. $16,702.56 E.$17,774.40

NEW question from GMAT® Quantitative Review 2019

(PS07793)

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Math Expert
Joined: 02 Aug 2009
Posts: 6553
Re: The value of Maureen's investment portfolio has decreased by 5.8 perce  [#permalink]

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30 Jul 2018, 01:52
Bunuel wrote:
The value of Maureen's investment portfolio has decreased by 5.8 percent since her initial investment in the portfolio. If her initial investment was $16,800, what is the current value of the portfolio? A.$7,056.00
B. $14,280.00 C.$15,825.60
D. $16,702.56 E.$17,774.40

NEW question from GMAT® Quantitative Review 2019

(PS07793)

The values are so wide spread that I don't hav eto worry about 5.8 take it as 6
so what is $$16800*\frac{6}{100}$$ ~ $$1000$$
so our answer ~ $$16800-1000=15800$$

C
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1) Absolute modulus : http://gmatclub.com/forum/absolute-modulus-a-better-understanding-210849.html#p1622372
2)Combination of similar and dissimilar things : http://gmatclub.com/forum/topic215915.html
3) effects of arithmetic operations : https://gmatclub.com/forum/effects-of-arithmetic-operations-on-fractions-269413.html

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Re: The value of Maureen's investment portfolio has decreased by 5.8 perce &nbs [#permalink] 30 Jul 2018, 01:52
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