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# Of the mutual funds on a select list, 1/3 have 5-star

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Manager
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Of the mutual funds on a select list, 1/3 have 5-star [#permalink]

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06 Oct 2008, 06:38
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500
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06 Oct 2008, 06:51
albany09 wrote:
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500

5/15+6/15 = 11/15

300 = 3/15x thus x = 1500
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06 Oct 2008, 23:15
750.

If x is total number of funds then x/3 is the number for 5 star, (2x/3)*2/5 is the number for 4 star.

Total of 5 and 4 start = x/3 + 4x/15 = 9x/15 = 3x/5

Remaining is 2x/5 = 300 and hence, x = 750.
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07 Oct 2008, 00:57
My two cents:

300=(2/3)*(3/5)*Total

Total=750

B

Which is the OA?

Cheers
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07 Oct 2008, 01:23
yes I m also getting B as answer
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07 Oct 2008, 01:39
I got 1125, can someone show solution of this problem?
Manager
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07 Oct 2008, 02:22
yezz wrote:
albany09 wrote:
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500

5/15+6/15 = 11/15

300 = 3/15x thus x = 1500

Shouldn't it be 4/15? Then x is 1125
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07 Oct 2008, 02:29
kazakhb wrote:
I got 1125, can someone show solution of this problem?

My post has the steps.
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07 Oct 2008, 02:40
scthakur wrote:
kazakhb wrote:
I got 1125, can someone show solution of this problem?

My post has the steps.

in your steps you make an assumption that 4star funds are two times 5star funds, but it is not given. is it?
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08 Oct 2008, 00:50
kazakhb wrote:
scthakur wrote:
kazakhb wrote:
I got 1125, can someone show solution of this problem?

My post has the steps.

in your steps you make an assumption that 4star funds are two times 5star funds, but it is not given. is it?

No. Let us begin all over again.

If x is total number of funds then x/3 is the number for 5 star. Remaining is (x-x/3) = 2x/3.

numer of 4 start funds is 2/5 of the remaining 2x/5 and hence (2x/3)*2/5 is the number for 4 star.

Hope, this clarifies.
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08 Oct 2008, 01:00
albany09 wrote:
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500

Let X are the total funds, then (1/3)x + (2/3)*(2/5)*x are the 5-star and 4-star funds

x- (1/3)x + (2/3)*(2/5)*x = 300

(9/15) X = 300 and X = 750
ans is "B"
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08 Oct 2008, 01:08
vivektripathi wrote:
albany09 wrote:
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500

Let X are the total funds, then (1/3)x + (2/3)*(2/5)*x are the 5-star and 4-star funds

x- (1/3)x + (2/3)*(2/5)*x = 300

(9/15) X = 300 and X = 750
ans is "B"

Same answer here (B) for me ! only 2/3*3/5 = 300/x and x=750

Re: Math problem   [#permalink] 08 Oct 2008, 01:08
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