let x be the cost of the two shares
0.80x = 96
x=120
loss=120-96=24
1.20x = 96
x=80
profit=96-80=16
24-16 = loss of $8
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Source: Beat The GMAT — Problem Solving |
IMO C
Let the purchase price of the share on which a profit was earned = x
the purchase price of the share on which a loss was suffered = y
x+20%x = 96
1.2x = 96
x = 80
y-20%y = 96
0.8y = 96
y = 120
X=80 profit = 96-80=16
Y=120 loss = 96-120 = -24
Hence overall gain = 16+(-24) = loss of $8
wots the OA
Let the purchase price of the share on which a profit was earned = x
the purchase price of the share on which a loss was suffered = y
x+20%x = 96
1.2x = 96
x = 80
y-20%y = 96
0.8y = 96
y = 120
X=80 profit = 96-80=16
Y=120 loss = 96-120 = -24
Hence overall gain = 16+(-24) = loss of $8
wots the OA
