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30 Sep 2014, 09:50
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B
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Difficulty:
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Question Stats:
82% (01:11) correct
18%
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At the end of the first quarter, the share price of a certain mutual fund was 20 percent higher than it was at the beginning of the year. At the end of the second quarter, the share price was 50 percent higher than it was at the beginning of the year. What was the percent increase in the share price from the end of the first quarter to the end of the second quarter?
A. 20%
B. 25%
C. 30%
D. 33%
E. 40%
A. 20%
B. 25%
C. 30%
D. 33%
E. 40%
30 Sep 2014, 10:57
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Bunuel
Consider share price in beginning was 100. at the end of first quarter it is 120 and in second it is 150.
so the increase is [[(150-120)/120]*100 =25%
30 Sep 2014, 19:17
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Say price at the beginning of year = 100
End of 1st Quarter = 100+20 = 120
End of 2nd Quarter = 100+50 = 150
Percentage increase between 1st & 2nd Quarter\(= \frac{150-120}{120} * 100 = 25%\)
Answer = B
End of 1st Quarter = 100+20 = 120
End of 2nd Quarter = 100+50 = 150
Percentage increase between 1st & 2nd Quarter\(= \frac{150-120}{120} * 100 = 25%\)
Answer = B
