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.
Answer: C.