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What is the total value of Company H's stock?

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What is the total value of Company H's stock? [#permalink] New post 23 Aug 2011, 23:48
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A
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E

Difficulty:

  15% (low)

Question Stats:

75% (01:18) correct 25% (00:15) wrong based on 63 sessions
What is the total value of Company H's stock?

(1) Investor P owns 1/4 of the shares of company H's total stock
(2) The total value of Investor Q's shares of Company H's stock is $16,000

My answer is
[Reveal] Spoiler:
C
[Reveal] Spoiler: OA
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Re: A difficult math pro. [#permalink] New post 24 Aug 2011, 00:40
Jasonammex wrote:
What is the total value of Company H's stock?

(1) Investor P owns 1/4 of the shares of company H's total stock
(2) The total value of Investor Q's shares of Company H's stock is $16,000

My answer is C~~



statement is insufficient. just don't know absolute value of stocks owned by investor P

statement 2 is insufficient too. we don't know what is % of stocks are owned by investor q.

statement 1 and 2 combined too are insufficient. we only that p owns 1/4th of stock. from that can we assume that q owns remaining 3/4th ? No there can be other investors xyz........so we don't know how much part of stocks are owned by q nor do we know what is value of stocks owned by investor P. both statements are insufficient even when combined.

so answer E.
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Re: A difficult math pro. [#permalink] New post 24 Aug 2011, 16:50
I think this is somewhat testing my investment knowledge... I thought either investor P or invester Q share the stock of total stock H...

My thought is too simple.

Aj85 wrote:
Jasonammex wrote:
What is the total value of Company H's stock?

(1) Investor P owns 1/4 of the shares of company H's total stock
(2) The total value of Investor Q's shares of Company H's stock is $16,000

My answer is C~~



statement is insufficient. just don't know absolute value of stocks owned by investor P

statement 2 is insufficient too. we don't know what is % of stocks are owned by investor q.

statement 1 and 2 combined too are insufficient. we only that p owns 1/4th of stock. from that can we assume that q owns remaining 3/4th ? No there can be other investors xyz........so we don't know how much part of stocks are owned by q nor do we know what is value of stocks owned by investor P. both statements are insufficient even when combined.

so answer E.
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Re: What is the total value of Company H's stock? (1) Investor P [#permalink] New post 29 Aug 2013, 10:49
Both statements are not sufficient because we cannot assume that only P and Q are the investors of the company H. Am i correct?
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Re: What is the total value of Company H's stock? [#permalink] New post 03 Jan 2015, 20:09
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Re: What is the total value of Company H's stock? [#permalink] New post 05 Jan 2015, 20:25
Hi All,

In DS questions, you have to be very clear on the information you've been given (what do you KNOW for sure vs. what are the possibilities).

In this prompt, we have a serious lack of information. We're asked for the total value of Company H's stock, but we're given no information to start off with.

Fact 1: Investor P owns 1/4 of the shares.

This tells us nothing about the value of those shares, nor does it tell us how many people own the remaining 3/4 of the shares, so there's no way to determine the total value of the stock.
Fact 1 is INSUFFICIENT.

Fact 2: The value of Investor Q's shares of Company H's stock is $16,000.

This doesn't tell us what fraction of the total shares are owned by Investor Q, so there's no way to determine the total value of the stock.
Fact 2 is INSUFFICIENT.

Combined, we know...
Investor P owns 1/4 of the shares.
Investor Q owns an unknown fraction of the shares, which are valued at $16,000

Since we don't know if Investor Q owns 3/4 of the shares or less than 3/4 of the shares (there MIGHT be other investors), there's no way to use the value of the shares that he does own to figure out the total value of the stock.
Combined, INSUFFICIENT.

Final Answer:
[Reveal] Spoiler:
E


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Re: What is the total value of Company H's stock?   [#permalink] 05 Jan 2015, 20:25
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