Free Practice Question
PS · Problem Solving
555-605
Percentages
Two years ago, Arthur gave each of his five children 20 percent of his fortune to invest in any way they saw Fit. In the first year, three of the children, Alice, Bob, and Carol, each earned a profit of 50 percent on their Investments, while two of the children, Dave and Errol, lost 40 percent on their investments. In the second Year, Alice and Bob each earned a 10 percent profit, Carol lost 60 percent, Dave earned 25 percent in profit, And Errol lost all the money he had remaining. What percentage of Arthur's fortune currently remains?
Answer Choices
Correct answer marked below93%
Correct
B
97%
C
100%
D
107%
E
120
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What it tests
Your ability to compute percentage change, percentage of a whole, and to work backwards from a final value.
Common trap
Treating successive percentage changes as additive — a 10% rise then a 10% fall is not back to the start.
Details
Difficulty
555-605
Type
PS
Category