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end of the first quarter

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by sanju09 » Fri Apr 10, 2009 4:34 am
At the end of the first quarter, the share price of a certain mutual fund was 20 percent higher than it was at the beginning of the year. At the end of the second quarter, the share price was 50 percent higher than it was at the beginning of the year. What was the percent increase in the share price from the end of the first quarter to the end of the second quarter?
A. 20
B. 25
C. 30
D. 33
E. 40


OA B
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by dmateer25 » Fri Apr 10, 2009 5:53 am
Let original price = 100

End of first quarter = 1.2 * 100 = 120

End of Second quarter = 1.5 * 100 = 150


(150 - 120)/120

30/120 = .25

25% Increase from first to second quarter

B
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