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Updated on: 29 Jan 2024, 08:59
Originally posted by Sajjad1994 on 01 Jan 2024, 09:45.
Last edited by chetan2u on 29 Jan 2024, 08:59, edited 1 time in total.
Last edited by chetan2u on 29 Jan 2024, 08:59, edited 1 time in total.
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Dropdown 1: Quadruped Corp.
Dropdown 2: 0.43
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
68% (02:21) correct
32%
(02:30)
wrong
based on 1424
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Data Insights (DI) Butler 2023-24 [Question #178, Date: Jan-01-2024] [Click here for Details]
The graph shows the per share price of the stock of three companies at the end of each year between 2002 and 2011.
Based on the given information, fill in the blanks in each of the following statements.
1. Between the end of 2003 and the end of 2004, the stock of experienced the greatest percent appreciation.
2. At the end of 2005, the per share price of Tetrapod, Inc. was approximately times the sum of the per share prices of Quadruped Corp. and FourFeet, Ltd.
Attachment:
3.jpg [ 50.21 KiB | Viewed 8551 times ]
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Official Answer
Dropdown 1: Quadruped Corp.
Dropdown 2: 0.43
13 Jan 2024, 05:48
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Official Explanation
Between the end of 2003 and the end of 2007 the stock of Quadruped appreciated from $15.50 to $18.25. This is a 17.74% increase. The stock of Tetrapod went from $11.50 to $13.25, for a 15.22% increase. Finally, the stock of FourFeet went from $10.75 to$12.50, for a $10.75 to $12.50 increase. Thus, the correct answer is choice (A).
The correct answer is (A).
At the end of 2005, the per share price of Tetrapod was $13.00, while the per share prices of Quadruped and FourFeet were $19.50 and $11, respectively, summing up to $30.50. If $13 is x times $30.50, then:
\(13=x(30.50)\)
\(x=\frac{13}{30.50}\)
\(x=0.43\)
The correct answer is (B).
Between the end of 2003 and the end of 2007 the stock of Quadruped appreciated from $15.50 to $18.25. This is a 17.74% increase. The stock of Tetrapod went from $11.50 to $13.25, for a 15.22% increase. Finally, the stock of FourFeet went from $10.75 to$12.50, for a $10.75 to $12.50 increase. Thus, the correct answer is choice (A).
The correct answer is (A).
At the end of 2005, the per share price of Tetrapod was $13.00, while the per share prices of Quadruped and FourFeet were $19.50 and $11, respectively, summing up to $30.50. If $13 is x times $30.50, then:
\(13=x(30.50)\)
\(x=\frac{13}{30.50}\)
\(x=0.43\)
The correct answer is (B).
