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.
Nov 2007:30 AM PST
-08:30 AM PST
Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
Nov 2211:00 AM IST
-01:00 PM IST
Do RC/MSR passages scare you? e-GMAT is conducting a masterclass to help you learn – Learn effective reading strategies Tackle difficult RC & MSR with confidence Excel in timed test environment- Nov 23
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Nov 2510:00 AM EST
-11:00 AM EST
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors.
14 Feb 2025, 01:30
Kudos
Bookmarks
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
78% (00:50) correct
22%
(00:50)
wrong
based on 64
sessions
History
Date
Time
Result
Not Attempted Yet
What was the percent decrease in the price of MegaTek (MGTK) stock during the market decline of March 1, 2001, to March 1, 2002?
(1) The price of MGTK was $56.20 on March 1, 2001.
(2) The price of the stock on January 1, 2002, was only one-quarter of its price as of March 1, 2001.
(1) The price of MGTK was $56.20 on March 1, 2001.
(2) The price of the stock on January 1, 2002, was only one-quarter of its price as of March 1, 2001.
14 Feb 2025, 01:45
Kudos
Bookmarks
Statement 1
No information about March 1, 2002
insufficient
Statement 2
No information about March 1,2002
Only relationship b/w January 1, 2002 and March 1,2001 available
Insufficient
Together as well, we don't have information regarding March 1, 2002
Answer E
No information about March 1, 2002
insufficient
Statement 2
No information about March 1,2002
Only relationship b/w January 1, 2002 and March 1,2001 available
Insufficient
Together as well, we don't have information regarding March 1, 2002
Answer E
Bunuel
14 Feb 2025, 02:05
Kudos
Bookmarks
Bunuel
Percentage Decrease = [(Final Value - Initial Value) / Initial Value] *100
Question: Percentage Decrease from 2001 to 2002 year = ?
Statement 1: The price of MGTK was $56.20 on March 1, 2001.
We don't know the price in 2002 hence
NOT SUFFICIENT
Statement 2: The price of the stock on January 1, 2002, was only one-quarter of its price as of March 1, 2001.
Jan1 gives us no useful reference here hence
NOT SUFFICIENT
COmbining the two statements
There is still no connection between March 1 2001 and March 1, 2002 prices hence
NOT SUFFICIENT
Answer: Option E
