• Magoosh
Study with Magoosh GMAT prep

Available with Beat the GMAT members only code

• Free Trial & Practice Exam
BEAT THE GMAT EXCLUSIVE

Available with Beat the GMAT members only code

• Free Veritas GMAT Class
Experience Lesson 1 Live Free

Available with Beat the GMAT members only code

• Get 300+ Practice Questions

Available with Beat the GMAT members only code

• 5 Day FREE Trial
Study Smarter, Not Harder

Available with Beat the GMAT members only code

• Free Practice Test & Review
How would you score if you took the GMAT

Available with Beat the GMAT members only code

• 1 Hour Free
BEAT THE GMAT EXCLUSIVE

Available with Beat the GMAT members only code

• 5-Day Free Trial
5-day free, full-access trial TTP Quant

Available with Beat the GMAT members only code

• Award-winning private GMAT tutoring
Register now and save up to $200 Available with Beat the GMAT members only code ## 5 tech company's stocks This topic has 3 expert replies and 1 member reply talaangoshtari Master | Next Rank: 500 Posts Joined 21 May 2014 Posted: 154 messages Followed by: 1 members Thanked: 8 times #### 5 tech company's stocks Fri Jun 12, 2015 2:24 am I have difficulty solving this problem Attachments This post contains an attachment. You must be logged in to download/view this file. Please login or register as a user. Need free GMAT or MBA advice from an expert? Register for Beat The GMAT now and post your question in these forums! ### GMAT/MBA Expert DavidG@VeritasPrep Legendary Member Joined 14 Jan 2015 Posted: 2368 messages Followed by: 115 members Thanked: 1118 times GMAT Score: 770 Fri Jun 12, 2015 6:18 am We can see in the graph that Palfind ranged in price from about$39 to about $59. If he bought at the lowest price and sold at the highest, he made a profit of 59 - 39 =$20 on each share. If he bought and sold 800 shares, his total profit would be 20*800 = $16,000. _________________ Veritas Prep | GMAT Instructor Veritas Prep Reviews Save$100 off any live Veritas Prep GMAT Course

Thanked by: talaangoshtari
Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!
talaangoshtari Master | Next Rank: 500 Posts
Joined
21 May 2014
Posted:
154 messages
Followed by:
1 members
Thanked:
8 times
Fri Jun 12, 2015 6:36 am
Would you please solve question 7 and 8?

### GMAT/MBA Expert

DavidG@VeritasPrep Legendary Member
Joined
14 Jan 2015
Posted:
2368 messages
Followed by:
115 members
Thanked:
1118 times
GMAT Score:
770
Fri Jun 12, 2015 6:52 am
Sure thing. (But note: the wording of this question is a bit problematic. We're given the range of the prices of the stocks, but not the starting or ending values. Take, Friendbook, for example. We know the range of the prices was 30-60. So if we started at 30 and ended at 60, we'd have a 100% increase for the year. But if we started at 60 and ended at 30, there'd be a 50% decrease. And how do we that we didn't start at 45, drop to 30 at some point, rise to 60 at another point, and then end at 45 again? In this case, there'd be no net start-end change. So, for argument's sake, I'm going to pretend that the question is asking about the largest percent increase from the min to the max values.)

#7: First, let's summarize the price ranges for all the stocks:

Friendbook: 30 - 60
Micro Tech: 62 - 70
SearchWiz: 20 - 50
PalFind: 39 - 59

The largest percent increase was SearchWiz, [(50 - 20)/20] * 100 = 150%.

We want to know what percent the min price was of the max price, so 20/50 = 40%.

_________________
Veritas Prep | GMAT Instructor

Veritas Prep Reviews
Save $100 off any live Veritas Prep GMAT Course Thanked by: talaangoshtari Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now! ### GMAT/MBA Expert DavidG@VeritasPrep Legendary Member Joined 14 Jan 2015 Posted: 2368 messages Followed by: 115 members Thanked: 1118 times GMAT Score: 770 Fri Jun 12, 2015 6:57 am In number 8, we're told that Ann held 90 shares of the company that changed by the smallest amount. (I'll assume that we're talking about the smallest range from min - max.) Looking at our ranges, we can see that Micro Tech is the only stock that changes by less than$10.

Friendbook: 30 - 60
Micro Tech: 62 - 70
SearchWiz: 20 - 50
PalFind: 39 - 59

If we have 90 shares of Micro Tech, and sell at the max value, we'll have 70*90 = $6300 to spend. If we used that to buy the cheapest stock at its minimum value, we'll be buying LinkUp at$10/share. 6300/10 = 630 shares of Linkup.

_________________
Veritas Prep | GMAT Instructor

Veritas Prep Reviews
Save \$100 off any live Veritas Prep GMAT Course

Thanked by: talaangoshtari
Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!

### Best Conversation Starters

1 LUANDATO 153 topics
2 lheiannie07 87 topics
3 Roland2rule 75 topics
4 AAPL 62 topics
5 ardz24 60 topics
See More Top Beat The GMAT Members...

### Most Active Experts

1 EconomistGMATTutor

The Economist GMAT Tutor

166 posts
2 GMATGuruNY

The Princeton Review Teacher

130 posts
3 Jay@ManhattanReview

Manhattan Review

128 posts
4 Rich.C@EMPOWERgma...

EMPOWERgmat

121 posts
5 Brent@GMATPrepNow

GMAT Prep Now Teacher

99 posts
See More Top Beat The GMAT Experts