Last year Melissa invested \P in Stock X, which then increased in value by 6% for the year. However, the increase in value of investments in Stock X for the upcoming year is projected to be r%, where r

Question

Last year Melissa invested  \P  in Stock X, which then increased in value by 6% for the year. However, the increase in value of investments in Stock X for the upcoming year is projected to be r%, where  r < 6 . Melissa wishes to invest a total of \Q  in Stock X the upcoming year so that the projected increase in value of her investment of  \Q  for the upcoming year will be equal to the increase in value of her investment of  \P  for last year. The value of Q is what percent increase in the  value of P ?(1) Last year, the investment of \P in Stock X increased in value by \ 150(2) r=5

Examsnet · Accepted Answer

Correct Answer is :  BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

GMAT Quantitative Reasoning Practice Test 4