Live GMAT classes with Target Test Prep start Nov 21 and Nov 22. First class free.

See classes
Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

Newsweek Readers’ Choice Awards 2026 winner: Target Test Prep, #1 Test Prep

Target Test Prep was voted #1 Best Test Prep in the 2026 Newsweek Readers’ Choice™ Awards.

★★★★★5.0563 reviews
GMATLiveTeachStarts Nov 22
Josh Braslow, Target Test Prep GMAT expert
LIVE ONLINE CLASSES

Get Ready for GMAT Test Day Faster with Live Online Classes

with Josh Braslow, 20+ years in test prep

Nov 22 · Josh Braslow
Sun · 9:30 AM to 12:30 PM ET
Included
40 hours of live online classes + 6 months of TTP OnDemand
  • Attend the first class for free
  • Every class is recorded, so you never fall behind
View classes & enroll
Limited seats availableTarget Test Prep
EALiveTeachOnDemandStart anytime
EXECUTIVE ASSESSMENT

Target Test Prep EA OnDemand

Self-paced EA prep. Study on your schedule.

EXECUTIVE ASSESSMENT

with

165+ EA score guarantee
$05-day trial no automatic billing
Schedule
Included
40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
  • 165+ EA Score Guarantee
  • 4,100+ Quant, Verbal, and Integrated Reasoning practice questions
  • 400+ hours of in-depth video lessons
  • 3,000+ step-by-step video solutions
View EA class & enroll Start free 5-day trial
Limited cohort · enrollment openTrial includes full course accessTarget Test Prep
GMATOnDemandStart anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions

An investment index has 12 shares. Three of these shares, namely, R, H and F have weightage

Expert replies
by Mikrislac » Wed Aug 12, 2020 11:46 pm
Timer
00:00
Your answer
Difficulty–

right wrong

Pick an answer to see how members did

An investment index has 12 shares. Three of these shares, namely, R, H and F have weightage of 7%, 13% and 15% respectively. Over a period of two years, the prices of these shares rose by 9%, 10% and 4% respectively and the index rose by 6%. What was the increase in the prices of the remaining shares?

(A) 3.62 %

(B) 4.58 %

(C) 4.91 %

(D) 5.25 %

(E) 5.34 %
Join the discussion
Source: — Problem Solving |

Mikrislac wrote: ↑
Wed Aug 12, 2020 11:46 pm
An investment index has 12 shares. Three of these shares, namely, R, H and F have weightage of 7%, 13% and 15% respectively. Over a period of two years, the prices of these shares rose by 9%, 10% and 4% respectively and the index rose by 6%. What was the increase in the prices of the remaining shares?

(A) 3.62 %

(B) 4.58 %

(C) 4.91 %

(D) 5.25 %

(E) 5.34 %
Solution:

We can let the total value of the 12 shares = $100. Therefore, the values of shares R, H and F are $7, $13 and $15, respectively, while the remaining 9 shares have a total value of $65. We can create an equation where n is the percent increase of the remaining 9 shares:

7 x 1.09 + 13 x 1.1 + 15 x 1.04 + 65 x (1 + n/100) = 100 x 1.06

7.63 + 14.3 + 15.6 + 65 + 13n/20 = 106

102.53 + 13n/20 = 106

13n/20 = 3.47

n = 3.47 x 20/13 = 5.34

Answer: E

Scott Woodbury-Stewart
Founder and CEO
[email protected]

Image

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews

ImageImage
Join the discussion

Let the value of the index be 100. Then, the shares of R, H and F have the respective values: 7, 13 and 15. The remaining shares would have the value of 100 - (7 + 13 + 15) = 65.

Since the values of the shares rose by 9%, 10% and 4%, the new values of R, H, and F wil be 7.63, 14.3 and 15.60. The new value of the remaining shares then would be 68.47.

Hence, the required percentage increase in the value of the remaining shares equals (3.47/65)*100 = 5.34%.

[spoiler]Answer: (E)[/spoiler]
Join the discussion

R = 7% of total investment
H = 13% of total investment
F = 15% of total investment
Let remaining shares = X
X = 100% - (13 + 7 + 15)%
X = 100% - 35%
X = 65%


Increase in R = 9%
Increase in H = 10%
Increase in F = 4%
Find an increase in X


Assuming that the whole investment index = $100
R = $7, H = $13, F = $15, X = $65
The whole index increased by 6% i.e it became => $100 + (6% of 100) = $106 out of which R = 7 + (9% of 7) = 7.63; H = 13 + (10% of 13) = 14.3; F =15 + (4% of 15) = 15.6
Total of the 3 = 7.63 + 14.3 + 15.6 = 37.53
X= 106 - 37.53 = 68.47


$$\%\ increase\ of\ X=\frac{increase}{original\ }\cdot\frac{100}{1}$$
$$=\frac{68.47-65}{65}\cdot\frac{100}{1}$$
$$=\frac{3.47}{65}\cdot\frac{100}{1}$$
$$=0.0534\cdot100$$
$$=5.43\%$$

$$Answer\ =\ E$$
Join the discussion