What was the amount of money awarded to the recipient of a : GMAT Data Sufficiency (DS)
Check GMAT Club Decision Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

 It is currently 24 Jan 2017, 08:48

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

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

Author Message
TAGS:

### Hide Tags

Manager
Joined: 28 May 2009
Posts: 155
Location: United States
Concentration: Strategy, General Management
GMAT Date: 03-22-2013
GPA: 3.57
WE: Information Technology (Consulting)
Followers: 8

Kudos [?]: 198 [1] , given: 91

What was the amount of money awarded to the recipient of a [#permalink]

### Show Tags

12 Feb 2013, 09:27
1
KUDOS
3
This post was
BOOKMARKED
00:00

Difficulty:

45% (medium)

Question Stats:

49% (01:40) correct 51% (00:31) wrong based on 170 sessions

### HideShow timer Statistics

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 _________________ GMAT Tutor Joined: 24 Jun 2008 Posts: 1183 Followers: 422 Kudos [?]: 1512 [2] , given: 4 Re: What was the amount of money awarded to the recipient of a [#permalink] ### Show Tags 12 Feb 2013, 09:58 2 This post received KUDOS Expert's post 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. _________________ GMAT Tutor in Toronto If you are looking for online GMAT math tutoring, or if you are interested in buying my advanced Quant books and problem sets, please contact me at ianstewartgmat at gmail.com Director Joined: 24 Aug 2009 Posts: 507 Schools: Harvard, Columbia, Stern, Booth, LSB, Followers: 17 Kudos [?]: 680 [2] , given: 276 Re: What was the amount of money awarded to the recipient of a [#permalink] ### Show Tags 12 Feb 2013, 10:01 2 This post received KUDOS 1 This post was BOOKMARKED 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. Fame _________________ If you like my Question/Explanation or the contribution, Kindly appreciate by pressing KUDOS. Kudos always maximizes GMATCLUB worth -Game Theory If you have any question regarding my post, kindly pm me or else I won't be able to reply Manager Joined: 27 Feb 2012 Posts: 137 Followers: 1 Kudos [?]: 49 [1] , given: 22 Re: What was the amount of money awarded to the recipient of a [#permalink] ### Show Tags 12 Feb 2013, 11:19 1 This post received KUDOS 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.
_________________

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Please +1 KUDO if my post helps. Thank you.

GMAT Club Legend
Joined: 09 Sep 2013
Posts: 13543
Followers: 578

Kudos [?]: 163 [0], given: 0

Re: What was the amount of money awarded to the recipient of a [#permalink]

### Show Tags

11 Aug 2015, 03:02
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________
Director
Joined: 24 Nov 2015
Posts: 564
Location: United States (LA)
Concentration: General Management, Marketing
GMAT 1: 700 Q49 V36
GRE 1: 328 Q167 V161
Followers: 11

Kudos [?]: 25 [0], given: 222

Re: What was the amount of money awarded to the recipient of a [#permalink]

### Show Tags

25 Oct 2016, 12:24
Statement 1 gives us only the percent of amount but not the quantity or amount itself so clearly insufficient
Statement 2 tells us that $75,000 was to be given to the recipient upon completion of research. This doesn't tell us anything more because we don't know how much percent of total does the$ 75000 represent so insufficient

Combining both statements we would be tempted to think that if 50 % is paid immediately and $75000 is paid at the end then$75000 would represent the remaining 50 % . But it is not such a case we don't know if researcher was paid any money in between the research and whether \$ 75000 is 50 % of total amount or even less than that So insufficient

Re: What was the amount of money awarded to the recipient of a   [#permalink] 25 Oct 2016, 12:24
Similar topics Replies Last post
Similar
Topics:
3 Judith and Quincy started with the same amount of money to invest at t 3 01 Nov 2016, 04:26
3 Was the range of the amounts of money that Company Y budgeted for its 3 26 May 2016, 02:52
7 What was the amount of money donated to a certain charity? 9 03 Jan 2014, 05:13
What was the amount of money donated to a certain charity? 3 21 Mar 2013, 04:34
13 Linda put an amount of money into each of two new 19 03 Oct 2008, 15:19
Display posts from previous: Sort by