Bunuel wrote:
The value of a stock is X dollars. On Sunday the stock's value grew by half of its value, but on Monday its value dropped to a third of its new value. What is the stock's value at the end of Monday?
A. X.
B. X/2.
C. 2X/3.
D. X/3.
E. X/4.
Use numbers, takes 30 seconds.
X = 100 dollars
On Sunday, the stock's value grew by half of its value: $100 + $50 = $150
On Monday the stock dropped to a third of its new value: $150/3 = $50
Stock's value at the end of day Monday is $50
B is clearly the
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