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GMAT Prep question

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GMAT Prep question

by sankruth » Sun Jan 27, 2008 1:26 am
GMAT Prep question. How to solve this question?
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by cris » Sun Jan 27, 2008 7:23 am
I think is C.Is this the correct answer?
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by sankruth » Sun Jan 27, 2008 7:27 am
Yes, its C but can you please explain how?
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by malnv » Sun Jan 27, 2008 1:56 pm
96 = 1.2x ==> x = 80 . A profit of $16

96 = 08.x ==> x = 120. A loss of $24

-24 +16 = -$8
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by keerthivivek » Tue Jan 29, 2008 8:08 pm
the sale of the first share = 96 + 96 * 2/10
the sale of the second share = 96 - 96 * 2/10

The net sales = 96 + 96 = total purchase price without any profit or loss.
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by keerthivivek » Tue Jan 29, 2008 8:10 pm
I did not read the question properly. I agree that c is the correct answer. Pls disregard my answer = e.
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