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# ABC Corporation and DEF Corporation merged and....

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Intern
Joined: 23 Oct 2017
Posts: 4
ABC Corporation and DEF Corporation merged and....  [#permalink]

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23 Oct 2017, 18:37
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Last year, ABC Corporation and DEF Corporation merged and DEF Corporation's stock split so that there are now eight shares for every five. If Carl figures that he now owns 2,400 shares of their stock, how many shares did he have prior to their merger?

1,500
1,384
1,850
1,680
None

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Intern
Joined: 06 Jul 2017
Posts: 7
Re: ABC Corporation and DEF Corporation merged and....  [#permalink]

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23 Oct 2017, 18:42
Let n be the number of stocks before the split. Then 8n/5=2400. Solve for n and get 2400*5/8=1500. The answer is A.

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Re: ABC Corporation and DEF Corporation merged and.... &nbs [#permalink] 23 Oct 2017, 18:42
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