The share price of "Za" is estimated to increase by 200% from 2020 to 2022.
Qualcomm aptitude question, verified with a worked answer. Free to practise - no sign-up.
The share price of "Za" is estimated to increase by 200% from 2020 to 2022. What will be the share price of "Za" in the year 2022 as per the estimation?
Share price data:
- Za in 2010: Rs. 50
- Za in 2015: Rs. 130
- Za in 2020: Rs. 650
Show answer & explanation
Answer: A. Rs. 1950
A 200% increase means the new price equals the original price plus 200% of the original price (i.e., 3× the original). Starting from Za's 2020 price of Rs. 650, a 200% increase yields 650 + (200% of 650) = 650 + 1300 = Rs. 1950.
Step-by-step Derivation:
Step 1: Identify Za's share price in 2020 = Rs. 650
Step 2: Calculate 200% increase
- 200% of 650 = (200/100) × 650 = 2 × 650 = 1300
Step 3: Add the increase to the original price
- New price = Original price + Increase
- New price = 650 + 1300 = Rs. 1950
Alternatively: 100% + 200% = 300% of original = 3 × 650 = 1950