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Arithmetic, Percent and Interest Problems

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Legendary Member
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Joined: Sun Oct 29, 2017 2:04 pmFollowed by: 6 members
by swerve » Sat Oct 19, 2024 8:53 am
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John buys \(100\) shares of stock at \(\$100\) per share. The price goes up by \(10\%\) and he sells \(50\) shares. Then, prices drop by \(10\%\) and he sells his remaining \(50\) shares. How much did he get for the last \(50?\)

A. \(\$5000\)
B. \(\$5500\)
C. \(\$4900\)
D. \(\$5050\)
E. \(\$4950\)

The OA is E
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