DS stock question

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DS stock question

by harsh.champ » Thu Feb 04, 2010 3:34 am
What was the percent increase of Company A's stock between June 1 and June 30, 2000?

1. The stock gained $5 in value during June 2000.
2. The stock rose 12% during the first half of the month.


1. Statement 1 alone is sufficient but statement 2 alone is not sufficient to answer the question asked.
2. Statement 2 alone is sufficient but statement 1 alone is not sufficient to answer the question asked.
3. Both statements 1 and 2 together are sufficient to answer the question but neither statement is sufficient alone.
4. Each statement alone is sufficient to answer the question.
5. Statements 1 and 2 are not sufficient to answer the question asked and additional data is needed to answer the
statements.
Source: — Data Sufficiency |

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by Mom4MBA » Thu Feb 04, 2010 6:52 am
answer E

st 1: gives just the gain not the total value so percentage cannot be calculated (insufficient)
st 2: gives just the % rise of half the month but what that value is in $ we don't know (insufficient)

together: still not enough data (insufficient)
Stay focused

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by ajith » Thu Feb 04, 2010 7:23 am
IMO E too
Always borrow money from a pessimist, he doesn't expect to be paid back.

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by thephoenix » Thu Feb 04, 2010 7:57 am
harsh.champ wrote:What was the percent increase of Company A's stock between June 1 and June 30, 2000?

1. The stock gained $5 in value during June 2000.
insuff as value of stock is given but we need no of stock
2. The stock rose 12% during the first half of the month.
insuff as figures only for half of the month are given , no one knows wat happened in rest of the mnth

1+2 insuff
same issue
hence E