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# Long

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Manager
Joined: 08 Jul 2009
Posts: 177
Followers: 3

Kudos [?]: 30 [0], given: 13

Long [#permalink]  31 Jul 2009, 07:22
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
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: 17 Dec 2007
Posts: 106
Followers: 0

Kudos [?]: 52 [1] , given: 8

Re: Long [#permalink]  31 Jul 2009, 12:18
1
KUDOS
sher676 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

15$paid for 12 stocks, so per stock it pays 5/4$
so to get a dividend of 160$, he should have 200 shares Intern Status: Applying Joined: 30 Jul 2009 Posts: 39 Followers: 0 Kudos [?]: 4 [0], given: 3 Re: Long [#permalink] 31 Jul 2009, 12:24 [EDIT - REMOVED BY USER] Last edited by nplaneta on 17 Jun 2012, 16:40, edited 1 time in total. Manager Joined: 17 Dec 2007 Posts: 106 Followers: 0 Kudos [?]: 52 [0], given: 8 Re: Long [#permalink] 31 Jul 2009, 12:38 nplaneta wrote: Set d = dividend paid / share Set X = # of shares X*d =$160
(X+12)*d = $175 X*d + 12*d =$175
$160 + 12*d =$175
12*d = $15 d=$15/12

X * $15/12 =$160
X = $160 * 12/$15
X = $160 * 4/$5
X = 32 * 4
X = 128

A

thats rigtht silly me......per share is 5/4 , then for 200 shares it would be 250 .....you are right
Re: Long   [#permalink] 31 Jul 2009, 12:38
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