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What was the amount of money awarded to the recipient of a

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What was the amount of money awarded to the recipient of a [#permalink] New post 12 Feb 2013, 09:27
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Question Stats:

55% (01:37) correct 44% (00:22) wrong based on 38 sessions
What was the amount of money awarded to the recipient of a research grant?

(1) Of the amount awarded, 50 percent was given to the recipient immediately.
(2) Of the amount awarded, $75,000 was to be given to the recipient upon completion of research.

Source: Gmat Hacks 1800
[Reveal] Spoiler: OA

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Re: What was the amount of money awarded to the recipient of a [#permalink] New post 12 Feb 2013, 09:58
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Neither statement is sufficient alone. Together, perhaps half the money was given immediately, and half at the end, and the total amount was $150,000. But it also could be that, say, half the money was given immediately, a quarter of the money was given halfway through the research, and the remaining quarter was given at the end, and the total was $300,000. Of course there are many other possibilities, so the answer is E.
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Re: What was the amount of money awarded to the recipient of a [#permalink] New post 12 Feb 2013, 10:01
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What was the amount of money awarded to the recipient of a research grant?
(1) Of the amount awarded, 50 percent was given to the recipient immediately. - Insufficient since we do not know the value of 50% in nominal terms.
(2) Of the amount awarded, $75,000 was to be given to the recipient upon completion of research. - Insufficient since we do not what is the percent equivalent of $75,000

Both Combined- This is tricky as many will think that because 50% of the grant was paid at the beginning, the remaining 50% will be paid upon the completion of research.
Pause for a sec, do we REALLY know the remaining 50% was paid in 1 installment at the end ---> No we don't because the remaining 50% of the grant can be paid in "n" installments.
20% in middle
30% at the end.
In both of the above mentioned cases, the total amount of the grant will be different. Thus Insufficient


So the answer is E.

Hope the detailed explanation helps.

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Re: What was the amount of money awarded to the recipient of a [#permalink] New post 12 Feb 2013, 11:19
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megafan wrote:
What was the amount of money awarded to the recipient of a research grant?

(1) Of the amount awarded, 50 percent was given to the recipient immediately.
(2) Of the amount awarded, $75,000 was to be given to the recipient upon completion of research.

Source: Gmat Hacks 1800



OA has to be E. I am increasingly seeing such CR based assumption trap Quant question. Interesting shift. I also saw a similar style question on speed time and distance.

50 % was given immediately doesn't mean that the other 50% would be given after completion of research. Big assumption here.
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Re: What was the amount of money awarded to the recipient of a   [#permalink] 12 Feb 2013, 11:19
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