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17 Apr 2024, 11:25
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
71% (02:06) correct
29%
(02:14)
wrong
based on 762
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The graph above shows the distribution of assets in an international investment portfolio on a certain day. The investor wants to make a total of x dollars available for investment in a new asset by decreasing each of the five existing asset categories by p percent. Which of the following expresses p in terms ofx?
A. \(x(10^{-5})\)
B. \(x(10^{-4})\)
C. \(x(10^{-3})\)
D. \(x(10^{-2})\)
E. \(x(10^{-1})\)
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17 Apr 2024, 12:14
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Bunuel
Currently, the value of the portfolio is $100,000. If $x should be withdrawn from the current portfolio for the new investments, then the portfolio, and each investment, should be decreased by \(\frac{x}{100,000}*100% = \frac{x}{1,000}% = x(10^{-3})%\).
Answer: C.
Alternatively, we can assume x = $1,000. Since the value of the portfolio is $100,000, each asset should be decreased by 1%. By substituting x = $1,000, we can see that only option C results in a 1% decrease.
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20 Apr 2024, 02:11
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answer C : x*(10^−3)
smart numbers is best way to solve this one
let x=10,000, to get value x=10,000 we reduce each asset by 1%
p=1%=1/100
1/100=10,000*(10^-3)
answer is 10^-3
smart numbers is best way to solve this one
let x=10,000, to get value x=10,000 we reduce each asset by 1%
p=1%=1/100
1/100=10,000*(10^-3)
answer is 10^-3
