GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 22 Jan 2019, 13:32

### 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

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

## Events & Promotions

###### Events & Promotions in January
PrevNext
SuMoTuWeThFrSa
303112345
6789101112
13141516171819
20212223242526
272829303112
Open Detailed Calendar
• ### The winners of the GMAT game show

January 22, 2019

January 22, 2019

10:00 PM PST

11:00 PM PST

In case you didn’t notice, we recently held the 1st ever GMAT game show and it was awesome! See who won a full GMAT course, and register to the next one.
• ### Key Strategies to Master GMAT SC

January 26, 2019

January 26, 2019

07:00 AM PST

09:00 AM PST

Attend this webinar to learn how to leverage Meaning and Logic to solve the most challenging Sentence Correction Questions.

# When the stock market opened yesterday, the price of a share

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics
Author Message
TAGS:

### Hide Tags

Manager
Status: May The Force Be With Me (D-DAY 15 May 2012)
Joined: 06 Jan 2012
Posts: 213
Location: India
Concentration: General Management, Entrepreneurship
When the stock market opened yesterday, the price of a share  [#permalink]

### Show Tags

Updated on: 01 Apr 2012, 01:05
2
00:00

Difficulty:

35% (medium)

Question Stats:

69% (01:33) correct 31% (01:40) wrong based on 168 sessions

### HideShow timer Statistics

When the stock market opened yesterday, the price of a share of stock X was 10 1/2. When the market closed, the price was 11 1/4. Of the following, which is closest to the percent increase in the price of stock X?

A. 0.5%
B. 1.0%
C. 6.7%
D. 7.1%
E. 7.5%

_________________

Giving +1 kudos is a better way of saying 'Thank You'.

Originally posted by boomtangboy on 31 Mar 2012, 20:16.
Last edited by Bunuel on 01 Apr 2012, 01:05, edited 1 time in total.
Edited the question
Math Expert
Joined: 02 Sep 2009
Posts: 52390
Re: Stock Prices  [#permalink]

### Show Tags

01 Apr 2012, 01:05
boomtangboy wrote:
15. When the stock market opened yesterday, the price of a share of stock X was . When the market closed, the price was . Of the following, which is closest to the percent increase in the price of stock X?
(A) 0.5%
(B) 1.0%
(C) 6.7%
(D) 7.1%
(E) 7.5%

When the stock market opened yesterday, the price of a share of stock X was 10 1/2. When the market closed, the price was 11 1/4. Of the following, which is closest to the percent increase in the price of stock X?

A. 0.5%
B. 1.0%
C. 6.7%
D. 7.1%
E. 7.5%

General formula for percent increase or decrease, (percent change): $$Percent=\frac{Change}{Original}*100$$.

So, the percent increase in the price of stock X is $$\frac{\frac{45}{4}-\frac{21}{2}}{\frac{21}{2}}*100=\frac{50}{7}%\approx{7.1%}$$.

_________________
Manager
Status: May The Force Be With Me (D-DAY 15 May 2012)
Joined: 06 Jan 2012
Posts: 213
Location: India
Concentration: General Management, Entrepreneurship
Re: When the stock market opened yesterday, the price of a share  [#permalink]

### Show Tags

01 Apr 2012, 04:20
Thanks Bunuel.....
_________________

Giving +1 kudos is a better way of saying 'Thank You'.

Board of Directors
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4353
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
Re: When the stock market opened yesterday, the price of a share  [#permalink]

### Show Tags

30 Apr 2017, 22:19
boomtangboy wrote:
When the stock market opened yesterday, the price of a share of stock X was 10 1/2. When the market closed, the price was 11 1/4. Of the following, which is closest to the percent increase in the price of stock X?

A. 0.5%
B. 1.0%
C. 6.7%
D. 7.1%
E. 7.5%

Opening price = $$10.50$$
Closing price = $$11.25$$

Increase in price = $$0.75$$

Percent increase in the price of stock = $$\frac{0.75}{10.50}*100$$

So the answer is (D) 7.14%
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

Re: When the stock market opened yesterday, the price of a share &nbs [#permalink] 30 Apr 2017, 22:19
Display posts from previous: Sort by

# When the stock market opened yesterday, the price of a share

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.