Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Jun 1101:30 AM EDT
-02:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Jun 1111:00 AM EDT
-01:00 PM EDT
TTP GMAT OnDemand gives serious students 400+ hours of expert video instruction, the full TTP course, AI support, weekly office hours, and a 715+ score guarantee—all built for elite GMAT score improvement.
Jun 1006:00 AM PDT
-06:15 PM PDT
Register for the GMAT Club Virtual MBA Spotlight Fair – the world’s premier event for serious MBA candidates. This is your chance to hear directly from Admissions Directors at nearly every Top 30 MBA program..
Jun 1312:30 AM EDT
-01:00 AM EDT
Struggling to find the right strategies to score a 99 %ile on GMAT Focus? Riya (GMAT 715) boosted her score by 100-points in just 15 days! Discover how the right mentorship, tailored strategies, and an unwavering mindset can transform your GMAT prep.
Jun 1603:00 PM PDT
-04:00 PM PDT
Free- full-length test + 15 concept videos + 150+ short videos + study plan!
Jun 2207:30 PM EDT
-09:30 PM EDT
Master the GMAT with expert live instruction, a personalized study plan, and real-time support. Includes 40 hours of online classes plus 6 months of access to the TTP GMAT OnDemand video course. Class date: Mon/Wed June 22, 2026 →August 26, 2026
06 Jul 2020, 05:31
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
75%
(hard)
Question Stats:
59% (02:50) correct
41%
(03:10)
wrong
based on 121
sessions
History
Date
Time
Result
Not Attempted Yet
Shares of XYZ Co and ABC Corp are sold on a stock exchange that closes at 5 p.m. each day. At the close of business on Monday, shares of XYZ Co sold for half the price of shares of ABC Corp. On Tuesday and Wednesday, the price of shares of XYZ Co decreased at a rate of \(\frac{1}{5}\) per day. During that same period, shares of ABC Corp increased at a rate of \(\frac{1}{4}\) per day. At the close of business on Wednesday, the price of shares of ABC Corp was how many times greater, rounded to the nearest integer, than the price of shares of XYZ Co?
A. 3
B. 4
C. 5
D. 6
E. 7
A. 3
B. 4
C. 5
D. 6
E. 7
KaramveerBakshi
Joined: 18 Feb 2020
Last visit: 09 Sep 2021
Posts: 288
Given Kudos: 30
Location: India
Schools: HEC Montreal Jindal '23 (S) ISB'22
GMAT 1: 660 Q50 V29
GPA: 3
Updated on: 06 Jul 2020, 08:57
Originally posted by KaramveerBakshi on 06 Jul 2020, 05:47.
Last edited by KaramveerBakshi on 06 Jul 2020, 08:57, edited 1 time in total.
Last edited by KaramveerBakshi on 06 Jul 2020, 08:57, edited 1 time in total.
Kudos
Bookmarks
Assuming the shares of ABC at the end of Monday = 100
Therefore, XYZ shares = 50
XYZ shares decreased by 1/5 for two consecutive days (Tue and Wed) = (50 - 50*0.2) = 40 (end of day 1) ----> (40 - 40*0.2) = 32 (end of day 2 (Wednesday))
Similarly, ABC shares increase by 1/4 for two consecutive days (Tue and Wed) = 100 + 100*0.25 = 125 (end of day 1) ----> (125 + 125*0.25) = 125 * 1.25
Now, solving, ABC/XYZ = (125 * 1.25 )/ 32
This rounded off gives 4.
Answer (B)
Edit: Checked my calculation again.
The number would be closer to 5.
Answer would be (C).
Therefore, XYZ shares = 50
XYZ shares decreased by 1/5 for two consecutive days (Tue and Wed) = (50 - 50*0.2) = 40 (end of day 1) ----> (40 - 40*0.2) = 32 (end of day 2 (Wednesday))
Similarly, ABC shares increase by 1/4 for two consecutive days (Tue and Wed) = 100 + 100*0.25 = 125 (end of day 1) ----> (125 + 125*0.25) = 125 * 1.25
Now, solving, ABC/XYZ = (125 * 1.25 )/ 32
This rounded off gives 4.
Answer (B)
Edit: Checked my calculation again.
The number would be closer to 5.
Answer would be (C).
06 Jul 2020, 06:02
Kudos
Bookmarks
Explanation:
ABC share on monday = 1000
so xyz will be = 500
now xyz share decreased by 1/5 for 2 days: 500x0.8x0.8 = 320
abc share increased by 1/4 for next 2 days: 100x1.25x1.25 = 1562.5
So Ratio: 1562.5/320 = 4.88 = 5(aprox)
IMO-C
ABC share on monday = 1000
so xyz will be = 500
now xyz share decreased by 1/5 for 2 days: 500x0.8x0.8 = 320
abc share increased by 1/4 for next 2 days: 100x1.25x1.25 = 1562.5
So Ratio: 1562.5/320 = 4.88 = 5(aprox)
IMO-C
