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# Last year Mrs. Long received $160 in dividends on her shares  Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: Intern Joined: 01 Aug 2003 Posts: 48 Location: Mumbai Followers: 1 Kudos [?]: 0 [0], given: 0 Last year Mrs. Long received$160 in dividends on her shares [#permalink]  10 Aug 2003, 18:44
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Last year Mrs. Long received $160 in dividends on her shares of Company X stock, all of which she had held for the entire year. If she had had 12 more shares of the stock last year, she would have received$15 more in total annual dividends. How many shares of the stock did she have last year?
(A) 128
(B) 140
(C) 172
(D) 175
(E) 200
Manager
Joined: 24 Jun 2003
Posts: 146
Location: India
Followers: 1

Kudos [?]: 1 [0], given: 0

Re: PS [#permalink]  11 Aug 2003, 01:07
mistdew wrote:
Last year Mrs. Long received $160 in dividends on her shares of Company X stock, all of which she had held for the entire year. If she had had 12 more shares of the stock last year, she would have received$15 more in total annual dividends. How many shares of the stock did she have last year?
(A) 128
(B) 140
(C) 172
(D) 175
(E) 200

(A) - 128 is the answer

$15 in dividends comes from 12 shares Therefore,$160 in dividends comes from 160*12/15 = 128 shares
Re: PS   [#permalink] 11 Aug 2003, 01:07
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# Last year Mrs. Long received \$160 in dividends on her shares

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