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stock very confusing

Expert replies
by pradeepkaushal9518 » Tue Jun 22, 2010 6:35 am
the price per stock x increased by 10 percent over the same time period that the price per share of stock y decreased by 10 percent. the reduced price per share of stock y was what percent of the original price per share of stock x

1.the increased price per share of stock x was equal to the original price per share of stock y.
2.the increase in the price per share of stock x was 10/11 the decrease in the price per share of stock y.

plz explain
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Source: — Data Sufficiency |

by pradeepkaushal9518 » Tue Jun 22, 2010 7:27 am
any expert plz help?
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by anin » Tue Jun 22, 2010 7:42 am
I think the answer is D - each by itself sufficient. Do you have the Original answer ?
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by pradeepkaushal9518 » Tue Jun 22, 2010 8:14 am
no u r wrong plz explian yr answers
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by anin » Tue Jun 22, 2010 9:44 am
pradeepkaushal9518 wrote:no u r wrong plz explian yr answers
Double check your answer!!! Its an Official Guide question.


Let price of X be x and that of Y be y
new X = 1.1x and new Y= .9y

We have to find .9y/x or .9(y/x)

1) 1.1x=y
y/x=1.1

Sufficient

2).1x=10/11* .1y

y/x = 11/10 =1.1

Sufficient
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by GMATGuruNY » Tue Jun 22, 2010 11:27 am
With DS problems, I always ask myself the following three questions:

What do I want?
What do I have?
What do I need?


The goal is not to solve but only to determine whether the statement gives you sufficient information to solve. In other words: Is the statement giving me what I need?

In this case:

What do I want? What is the question asking for?

The question is asking for the relationship -- in other words, the ratio -- between the reduced price of stock Y and the original price of stock X.
Let's say x = the original price of stock X and y = the original price of stock Y.
Stock Y is being reduced by .1y, so the reduced price is y - .1y = .9y.

So (Reduced Y)/(Original X) = (.9y)/x. This is what I want.

What do I have? Before I look at the two statements, what information have I been given?

Stock X is being increased by .1x, so increased X = x + .1x = 1.1x.
Stock Y is being decreased by .1y, so reduced Y = .9y.

What do I need? What's the missing information that I need in order to answer the question?

Since (.9y)/x = .9 * (y/x), what I need is the value of y/x.

Statement 1:

Increased X = Original Y.

1.1x = y

So y/x = 1.1. SUFFICIENT.

Statement 2:

Increase in stock X = .1x.
Decrease in stock Y = .1y.

Statement 2 says:

.1x = (10/11)(.1y)

So dividing each side by .1y we get:

(.1x)/(.1y) = 10/11

So x/y = 10/11, y/x = 11/10 = 1.1. SUFFICIENT.

The correct answer is D.
Last edited by GMATGuruNY on Tue Jun 22, 2010 11:50 am, edited 2 times in total.
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by outreach » Tue Jun 22, 2010 11:28 am
IMO D

price of X= x
price of Y= y
X = 1.1x
Y= .9y

Q is .9(y/x) ?

1) 1.1x=y
y/x=1.1

Sufficient

2).1x=10/11* .1y

y/x = 11/10 =1.1

Sufficient
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