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.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

Jessica has a limited investment portfolio of stocks and bon [#permalink]

Show Tags

02 Jun 2013, 07:12

2

This post received KUDOS

00:00

A

B

C

D

E

Difficulty:

15% (low)

Question Stats:

78% (02:12) correct
22% (01:09) wrong based on 45 sessions

HideShow timer Statictics

Jessica has a limited investment portfolio of stocks and bonds. If she sells half her stocks, how many stocks and bonds will she be left with?

(1) If she were to buy six more stocks, she would have twice as many stocks as bonds (2) If she were to triple the number of her bonds, she would have three less than twice the number of her stocks.

Re: jessica has an investment portfolio of stocks and bonds. [#permalink]

Show Tags

02 Jun 2013, 07:13

Well, i got myself stuck with the wording of the first statement, the part where it says "she would have twice as many stocks as bonds" Can someone please help me formulate the equation? _________________

PS: Like my approach? Please Help me with some Kudos.

Re: jessica has an investment portfolio of stocks and bonds. [#permalink]

Show Tags

02 Jun 2013, 10:48

kpali wrote:

Well, i got myself stuck with the wording of the first statement, the part where it says "she would have twice as many stocks as bonds" Can someone please help me formulate the equation?

What is important for you to understand is that there are two variables and each option gives relation between those two variables. The relation are not overlapping so together should suffice for solution. _________________

Re: Jessica has a limited investment portfolio of stocks and bon [#permalink]

Show Tags

03 Jun 2013, 00:41

Thanx a lot for the replies guys, however, i am still having a bit of problem with understanding the statement. Below is how i am interpretting the statement :-

however According to the question Jessica has half her stocks currently i.e. S/2

So evaluating first statement i inferred that (1) If she were to buy six more stocks, she would have twice as many stocks as bonds

S/2 + 6 = 2S = B

and if i go by the above equation then i dont need the second equation as a can figure out both the values from here.

Can you please help me figure out what am i missing here? I always seem to get stuck up on wordings with "as" involving two or more variables.

Please help. _________________

PS: Like my approach? Please Help me with some Kudos.

Re: Jessica has a limited investment portfolio of stocks and bon [#permalink]

Show Tags

03 Jun 2013, 01:00

kpali wrote:

Thanx a lot for the replies guys, however, i am still having a bit of problem with understanding the statement. Below is how i am interpretting the statement :-

however According to the question Jessica has half her stocks currently i.e. S/2

So evaluating first statement i inferred that (1) If she were to buy six more stocks, she would have twice as many stocks as bonds

S/2 + 6 = 2S = B

and if i go by the above equation then i dont need the second equation as a can figure out both the values from here.

Can you please help me figure out what am i missing here? I always seem to get stuck up on wordings with "as" involving two or more variables.

Please help.

From B = 2S(though this is not what the question says, S+6 = 2B), how you could figure out both the values ?

B = 4, S = 2 B = 8, S = 4 B = 10, S = 5 and so on...

All of them satisfy the condition, B = 2S. By solution, it means you should solve unique values for B and S.

You need two relationships between B and S, so that you can find the common value satisfying both the conditions.

Re: Jessica has a limited investment portfolio of stocks and bon [#permalink]

Show Tags

03 Jun 2013, 01:33

1

This post received KUDOS

Expert's post

kpali wrote:

Thanx a lot for the replies guys, however, i am still having a bit of problem with understanding the statement. Below is how i am interpretting the statement :-

however According to the question Jessica has half her stocks currently i.e. S/2

So evaluating first statement i inferred that (1) If she were to buy six more stocks, she would have twice as many stocks as bonds

S/2 + 6 = 2S = B

and if i go by the above equation then i dont need the second equation as a can figure out both the values from here.

Can you please help me figure out what am i missing here? I always seem to get stuck up on wordings with "as" involving two or more variables.

Please help.

No your interpretation is not correct.

Currently: she has S stocks and B bonds, total S+B. Question: IF she sells half her stocks, how many stocks and bonds will she be left with, so we need to determine the value of S/2+B.

Jessica has a limited investment portfolio of stocks and bonds. If she sells half her stocks, how many stocks and bonds will she be left with?

Question: S/2 + B = ?

(1) says: (S + 6) = 2B, which is not sufficient to get the value of S/2 + B.

(2) says 3B = 2S - 3, which is not sufficient to get the value of S/2 + B.

(1)+(2) We have two linear equations ((S + 6) = 2B and 3B = 2S - 3) with two unknowns, thus we can solve and get the value of S/2 + B. Sufficient.

So, my final tally is in. I applied to three b schools in total this season: INSEAD – admitted MIT Sloan – admitted Wharton – waitlisted and dinged No...

HBS alum talks about effective altruism and founding and ultimately closing MBAs Across America at TED: Casey Gerald speaks at TED2016 – Dream, February 15-19, 2016, Vancouver Convention Center...

By Libby Koerbel Engaging a room of more than 100 people for two straight hours is no easy task, but the Women’s Business Association (WBA), Professor Victoria Medvec...