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GMAT Prep
Bobby bought two shares of stock, which he sold for $96 each. If he had a profit of 20 percent on the sale of one of the shares but a loss of 20 percent on the sale of the other share, then on the sale of both shares combined Bobby had
A. a profit of $10
B. a profit of $8
C. a loss of $8
D. a loss of $10
E. neither a profit nor a loss
OA C
Bobby bought two shares of stock, which he sold for $96 each. If he had a profit of 20 percent on the sale of one of the shares but a loss of 20 percent on the sale of the other share, then on the sale of both shares combined Bobby had
A. a profit of $10
B. a profit of $8
C. a loss of $8
D. a loss of $10
E. neither a profit nor a loss
OA C
