Let's first understand the question and try to simplify by forming an equation -
$0.25 * 8 + $0.50 * 4 + $1 * x
We need to find 'x'.
Statement 1 -
Total value of $1 coins = x (since, the value of 1 coin is 1$, hence value of x coins will be $x)
Total value of all coins = $0.25 * 8 + $0.50 * 4 + $1 * x = (2 + 2 + x)
so, x = 50% * (2 + 2 + x)
Since we have 1 equation and 1 variable, we can easily get the answer for x and we don't need to solve further.
Just for clarification,
x = (4+x)/2
2x = 4+x
x = 4.
SUFFICIENT.
Statement 2 -
Number of $1 coins = x
Number of total coins = 8 + 4 + x = (12 + x)
x = 25% (12 + x)
Same situation as in first. One equation, one variable, easily solvable.
Just of clarification,
x = (12 + x)/4
4x = 12 + x
3x = 12
x = 4.
SUFFICIENT.
Hence, D.
**Important point - GMAT will never have the two statements in contradiction with each other. Therefore, if you reach a certain answer which is not the same in both the statements, you might've gone wrong somewhere in your calculations.
Bunuel
12 Days of Christmas 2024 - 2025 Competition with $40,000 of PrizesWarren has exactly three types of coins in his piggy bank: $0.25, $0.50, and $1. If the number of $0.25 coins is 8, and the number of $0.50 coins is 4, how many $1 coins does he have?
(1) The total value of the $1 coins in the piggy bank is 50% of the total value of all the coins.
(2) The $1 coins make up 25% of the total number of coins in the piggy bank.