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03 Oct 2018, 17:30
1
00:00

Difficulty:

5% (low)

Question Stats:

95% (01:16) correct 5% (01:04) wrong based on 28 sessions

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A man invests $10000 in some shares in the ratio 2:3:5 which pays dividends of 10%, 25%, 20% on his investment for that year respectively. Find his dividend income. A. 1900 B. 2000 C. 2050 D. 1950 E. 2100 Board of Directors Status: QA & VA Forum Moderator Joined: 11 Jun 2011 Posts: 4382 Location: India GPA: 3.5 WE: Business Development (Commercial Banking) Re: A man invests$10000 in some shares in the ratio 2:3:5 which pays divi  [#permalink]

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04 Oct 2018, 06:24
wishalsp333 wrote:
A man invests $10000 in some shares in the ratio 2:3:5 which pays dividends of 10%, 25%, 20% on his investment for that year respectively. Find his dividend income. A. 1900 B. 2000 C. 2050 D. 1950 E. 2100 $$10000*\frac{2}{10}*\frac{10}{100} + 10000*\frac{3}{10}*\frac{25}{100} + 10000*\frac{5}{10}*\frac{20}{100}$$ $$= 200 + 750 + 1000$$ $$= 1950$$, Answer must be (D) _________________ Thanks and Regards Abhishek.... PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only ) Intern Joined: 17 May 2018 Posts: 44 Re: A man invests$10000 in some shares in the ratio 2:3:5 which pays divi  [#permalink]

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04 Oct 2018, 07:41
2
$10k in the ratio 2:3:5 means that he split the$10k in 2+3+5=10 parts. Each part is of $1k. 2 parts ($2k) earn 10% = 200
3 parts ($3k) earn 25% =$3k divided by 4 = $1.5k divided by 2 = 750 5 parts ($5k) earn 20% = one fifth of 5k = 1k

In total he earned 200 + 750 + 1000 = 1950.

Also please introduce me his investment manager.
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Re: A man invests $10000 in some shares in the ratio 2:3:5 which pays divi [#permalink] 04 Oct 2018, 07:41 Display posts from previous: Sort by # A man invests$10000 in some shares in the ratio 2:3:5 which pays divi

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