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24 Nov 2012, 09:15
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
82% (01:54) correct
18%
(02:12)
wrong
based on 338
sessions
History
Date
Time
Result
Not Attempted Yet
Samantha's investment portfolio consists of three stocks: an airline, a bank, and a computer company. In the month of February, the price of the airline's stock rose by 10%, that of the bank decreased by 15% and that of the computer company also decreased by 15%, but the overall value of her portfolio increased. If Samantha owns equal amounts of all three stocks, which of the following could be the initial prices of the three stocks in the order airline, bank, and computer company respectively?
A. $55, $85, $40
B. $65, $60, $60
C. $65, $55, $90
D. $85, $25, $20
E. $25, $60, $70
A. $55, $85, $40
B. $65, $60, $60
C. $65, $55, $90
D. $85, $25, $20
E. $25, $60, $70
24 Nov 2012, 12:24
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joylive
Since Samantha owns equal amounts of stocks, the 10% increase alone should set off the 15% decrease in each of the other two stocks. i.e The stock which increased should have a substantially higher value than the two stocks which decreased. Between B & D, D is obviously the safer bet and is the right answer.
Answer is D.
General Discussion
30 May 2013, 02:10
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Can someone please explain how D is the answer?
