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Last year Mrs. Long received $160 in dividends on her shares

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Last year Mrs. Long received $160 in dividends on her shares [#permalink] New post 10 Aug 2003, 19:44
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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
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Re: PS [#permalink] New post 11 Aug 2003, 02:07
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, 02:07
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