When the stock market opened yesterday, the price of a share of stock $X$ was $10 \frac12.$ When the market closed,

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by M7MBA » Thu Apr 29, 2021 1:34 am

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When the stock market opened yesterday, the price of a share of stock $X$ was $10 \frac12.$ When the market closed, the price was $11 \frac14.$ Of the following, which is closest to the percent increase in the price of stock $X?$

A. $0.5\%$
B. $1.0\%$
C. $6.7\%$
D. $7.1\%$
E. $7.5\%$

Answer: D

Source: GMAT Paper Tests

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Source: Beat The GMAT — Problem Solving | Thu Apr 29, 2021 1:34 am

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