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26 Jul 2016, 09:44
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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:
5%
(low)
Question Stats:
91% (01:13) correct
9%
(02:05)
wrong
based on 92
sessions
History
Date
Time
Result
Not Attempted Yet
Over a three-week period, the price of an ounce of gold increased by 25% in the first week, decreased by 20% in the following week, and increased by 5% in the third week. If the price of gold was G dollars per ounce at the beginning of the three weeks, what was the price, in terms of G, at the end of the three weeks?
A. 0.95G
B. G
C. 1.05G
D. 1.1G
E. 1.15G
A. 0.95G
B. G
C. 1.05G
D. 1.1G
E. 1.15G
paidlukkha
Joined: 11 Nov 2014
Last visit: 21 Apr 2017
Posts: 248
Own Kudos:
Given Kudos: 17
Location: India
Concentration: Finance, International Business
Schools: ISB '18 Great Lakes '18 SPJ PGPM"17 LBS '18 NTU '18 NUS '18
WE:Project Management (Telecommunications)
26 Jul 2016, 09:50
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G*125/100*80/100*105/100 = 1.05G
C
Sent from my iPad
C
Sent from my iPad
26 Jul 2016, 10:06
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Initial price =G
By end of first week increased by 25% => Price =1.25G
By end of second week decreadsed by 20% => Price= 1.25*0.8G
By end of third week increased by 5% => Price=1.25*0.8*1.05G
=> Price= 1.05G
By end of first week increased by 25% => Price =1.25G
By end of second week decreadsed by 20% => Price= 1.25*0.8G
By end of third week increased by 5% => Price=1.25*0.8*1.05G
=> Price= 1.05G
