Find all School-related info fast with the new School-Specific MBA Forum

It is currently 18 Sep 2014, 11:57

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

A certain bank has ten branches. What is the total amount of

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
avatar
Joined: 29 Jul 2007
Posts: 183
Followers: 1

Kudos [?]: 12 [0], given: 0

GMAT Tests User
A certain bank has ten branches. What is the total amount of [#permalink] New post 15 Dec 2007, 13:28
A certain bank has ten branches. What is the total amount of assets under management at the bank?

(1) There is an average of 400 customers per branch. When each branch’s average assets under management per customer is computed, these values are added together and this sum is divided by 10. The result is $400,000 per customer.

(2) When the total assets per branch are added up, each branch is found to manage, on average, 160 million dollars in assets.
_______________________________________

I understand the concepts being tested, but, however, I don't agree w/ the answer. I'll let you guys take a crack at it before i elaborate any further.
Intern
Intern
avatar
Joined: 12 Nov 2007
Posts: 6
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: Assets Under Management [#permalink] New post 15 Dec 2007, 14:35
Answer D is correct.

1 is sufficient since it tells you that the total asset are 400,000 * 400 * 10

2 is sufficient since the total assets are 160 millions by 10
Re: Assets Under Management   [#permalink] 15 Dec 2007, 14:35
    Similar topics Author Replies Last post
Similar
Topics:
4 Experts publish their posts in the topic In a certain economy, C represents the total amount of roygush 7 14 Dec 2012, 12:27
A certain bank has ten branches. What is the total amount of enigma123 3 18 Nov 2011, 13:00
1 Experts publish their posts in the topic A local bank that has 15 branches uses a two-digit code to zest4mba 19 27 Jul 2010, 11:25
The total amount that a certain bank loaned in 1998 was $47 albany09 1 07 Oct 2008, 05:24
A certain amount was deposited at bank A at a rate of x arjtryarjtry 3 30 Aug 2008, 02:36
Display posts from previous: Sort by

A certain bank has ten branches. What is the total amount of

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.