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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?
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Two years ago, Arthur gave each of his five children 20 percent of his...
Given Information:
Arthur gave each of his five children 20 percent of his fortune to invest in any way they saw fit.

Investments and Profits:
In the first year,

  • Alice, Bob, and Carol each earned a profit of 50 percent on their investments.

  • Dave and Errol lost 40 percent on their investments.



In the second year,

  • Alice and Bob each earned a profit of 10 percent on their Investments.

  • Carol lost 60 percent on her Investment.

  • Dave earned a profit of 25 percent on his Investment.



Calculation:
Arthur gave 20 percent of his fortune to each of his five children. So, the total amount of fortune is divided into five equal parts, and each part is 20 percent of the total fortune. Therefore, each child has 20 percent of the total fortune.

Let's assume that Arthur has a fortune of $100. So, each child has $20.

In the first year,

  • Alice, Bob, and Carol earned a profit of 50 percent on their $20, which means they earned $10 profit each.

  • Dave and Errol lost 40 percent on their $20, which means they lost $8 each.



So, at the end of the first year,

  • Alice, Bob, and Carol have $30 each.

  • Dave and Errol have $12 each.



In the second year,

  • Alice and Bob earned a profit of 10 percent on their $30, which means they earned $3 profit each.

  • Carol lost 60 percent on her $30, which means she lost $18.

  • Dave earned a profit of 25 percent on his $12, which means he earned $3 profit.



So, at the end of the second year,

  • Alice and Bob have $33 each.

  • Carol has $12.

  • Dave has $15.

  • Errol has $12.



Conclusion:
At the end of the second year,

  • Alice, Bob, Dave, and Errol have more money than they had initially.

  • Carol has less money than she had initially.

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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?
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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? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about 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? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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